Asian stock markets closed without a single signal in this Wednesday’s trading session (12). The deterioration of the world economic outlook, with cuts in projections by the International Monetary Fund (IMF), weighed on the indices.
Speeches by Federal Reserve (Fed) leaders considered hawkish were also on the radar, as was an interest rate hike by 50 basis points by the Central Bank of South Korea (BoK) to 3% last night.
On the Tokyo Stock Exchange, the Nikkei index closed close to stability, with a drop of 0.02%, at 26,396.83 points. Nissan Motor shares fell 2.4% after the company announced it would exit Russia and deal with a loss equivalent to $686 million.
The movement of the yen, which has already renewed its lows in 24 years against the dollar, remains on the radar.
In Hong Kong, the sale of shares continued, reaching the lowest levels in several years. The Hang Seng index fell 0.78% to 16,701.03 points.
In mainland China, equities rose and the composite Shanghai rebounded to the 3,000-point mark, as sentiment improved with signs of recovery in economic conditions.
Pulled by papers linked to renewable energy, the index closed up 1.53%, at 3,025.51 points, while the Shenzhen Composite rose 2.53%, at 1,929.53 points.
Source: CNN Brasil
Joe Jameson, a technology journalist with over 2 years of experience, writes for top online news websites. Specializing in the field of technology, Joe provides insights into the latest advancements in the industry. Currently, he contributes to covering the world stock market.
