Asian stock markets closed without a single direction on Tuesday (30), with part of them recovering from strong losses on Monday, although fears about the trajectory of interest rates in the US persist.
Japan’s Nikkei index rose 1.14% in Tokyo to 28,195.58 points, while South Korea’s Kospi rose 0.99% in Seoul to 2,450.93 points and Taiex secured a slight gain of 0.18%. in Taiwan, at 14,953.63 points.
On the other hand, mainland Chinese markets were in the red, pressured by coal mining stocks. The Shanghai Composite was down 0.42% to 3,227.22 points, and the less comprehensive Shenzhen Composite was down 0.47% to 2,137.72 points.
The day was also negative for the Hang Seng, down 0.37% in Hong Kong, at 19,949.03 points.
The mixed behavior in Asia came after New York stock exchanges racked up losses for the second straight session, amid concerns that the Federal Reserve will continue to aggressively raise interest rates to fight US inflation, which has been decelerating, but remains at the highest levels in about four decades.
Late last week, Fed Chairman Jerome Powell made it clear that his priority is to beat inflation, cooling off bets that the US central bank could moderate the pace of interest rate adjustments.
In Oceania, the Australian stock market rose only moderately on Tuesday, but supported by ten of 11 sectors. The S&P/ASX 200 rose 0.47% in Sydney at 6,998.30 points, reversing some of the sharp drop of nearly 2% in the previous trading session.
Source: CNN Brasil
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