Asian stocks closed without a single direction this Wednesday (27), with the Chinese recovering from strong recent losses and the others pressured by a tumble on Wall Street yesterday.
In mainland China, the Shanghai Composite rose 2.49% to 2,958.28 points, while the less comprehensive Shenzhen Composite rose 3.94% to 1,821.39 points.
In previous trading sessions, local markets racked up hefty losses amid concerns about the impact of the current wave of Covid-19 on the world’s second-largest economy.
The latest Chinese data, however, brought some relief. The profit of the country’s large industrial companies expanded 8.5% year-on-year in the first quarter, stronger than the 5% gain seen in the first quarter. In March alone, the advance was 10.6% compared to the same month last year.
In Hong Kong, Hang Seng gained marginally by 0.06% today to 19,946.36 points.
On the other hand, the Japanese Nikkei fell 1.17% in Tokyo, to 26,386.63 points, awaiting a monetary policy decision from the Bank of Japan (BoJ), while the South Korean Kospi dropped 1.10% in Seoul, to 2,639.06 points, and the Taiex registered a drop of 2.05% in Taiwan, to 16,303.35 points.
The bad mood in parts of Asia came after New York stocks fell sharply yesterday, amid corporate balance sheets, uncertainty over the global economy and the prospect of faster rate hikes in the US.
In Oceania, the Australian stock exchange was also in the red, with the S&P/ASX 200 down 0.78% in Sydney, at 7,261.20 points.
With information from Dow Jones Newswires
Source: CNN Brasil
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