Asian stocks close lower for the fourth session in a row, with risk aversion

Asian stocks closed lower on Monday (26), accumulating losses for the fourth consecutive trading session, as efforts by central banks to contain the jump in inflation continue to generate risk aversion.

In Tokyo, the Nikkei stock index fell 2.66% today to 26,431.55 points, after not trading on Friday (23) due to a national holiday in Japan.

The South Korean Kospi fell even more significantly in Seoul, by 3.02%, at 2,220.94 points, while the Hang Seng dropped by 0.44% in Hong Kong, at 17,855.14 points, and the Taiex fell by 2, 41% in Taiwan, at 13,778.19 points.

In mainland China, the Shanghai Composite was down 1.20% to 3,051.23 points, and the less comprehensive Shenzhen Composite was down 0.75% to 1,949.00 points.

Last week, the Federal Reserve (Fed, the US central bank) and a series of other central banks raised interest rates, in another attempt to contain inflation, which in recent months has been driven in large part by the energy crisis triggered by the war on Russia in Ukraine.

The wave of monetary tightening has reinforced fears of a global recession, which has led investors to shy away from riskier assets such as equities.

In Oceania, the Australian stock exchange was also in the red on Monday, with the S&P/ASX 200 down 1.60% in Sydney, at 6,469.40 points.

Source: CNN Brasil

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