Asian stocks closed mostly higher on Wednesday (25), after signs that China will provide more stimulus to boost the economy amid its worst wave of Covid-19.
After Tuesday’s tumbles, Chinese markets partially recovered: the Shanghai Composite index rose 1.19% to 3,107.46 points, and the less comprehensive Shenzhen Composite index rose 1.17% to 1,944.88 points.
Elsewhere in Asia, the Hang Seng gained a modest 0.29% in Hong Kong, at 20,171.27 points, the South Korean Kospi gained 0.44% in Seoul, at 2,617.22 points, and the Taiex gained 0.88% in Taiwan, at 16,104.03 points.
Exception this Wednesday, the Japanese Nikkei fell 0.26% in Tokyo, to 26,677.80 points.
The dominance of risk appetite in the Asian region came after financial regulators in China urged domestic banks to increase support for the real economy and meet credit demands amid a slowdown in the world’s second-largest economy.
The situation of Covid-19 in the country, however, remains on the radar. In Beijing, where there has been an increase in cases of the disease, the trend is for stricter restrictions to be applied.
In Oceania, the day was also one of recovery on the Australian stock exchange. The S&P/ASX 200 gained 0.37% in Sydney at 7,155.20 points.
With information from Dow Jones Newswires.
Source: CNN Brasil
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