Asian stock markets are moving upwards on Friday as investors return to Hong Kong after the absence of the previous days due to the lunar New Year holiday and try to make up for lost ground.
The rise comes in the wake of yesterday’s Wall Strett slump under the weight of Facebook’s historic plunge, which ended a four-day rally.
On the board, the Hang Seng Index in Hong Kong jumped 3.3% with investors returning strongly after the absence of the previous days. Stock markets in Europe and the US gained ground this week in a strong uptrend after the heavy losses in January.
Markets in Shanghai are still closed today for the lunar holiday.
The Japanese Nikkei 225 is up 0.7% at 27,439.99 points.
South Korea’s Kospi gained 1.6%, while in Australia the S & P / ASX 200 gained 0.6%. Indicators in Singapore and Indonesia are also moving upwards.
Yesterday’s dive of Facebook’s parent company Meta Platforms by 26.4% erased more than $ 230 billion from its market value. This is the largest daily loss in the history of the American market, while the slump also affected the shares of other social networking companies such as Twitter and Snap.
The tech Nasdaq lost 3.7% on Thursday, the biggest loss since September 2020, while the S&P index fell 2.4%, the biggest drop in almost 12 months. Industrial Dow Jones fell 1.5%.
Source: Capital
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