Asian stocks close mostly lower after US stocks tumble

the bags asian closed mostly lower this Thursday (19), following strong losses in the US stock market. U.S .

the stock index Japanese Nikkei fell 1.89% in Tokyo to 26,402.84 points, while the Hang Seng dropped 2.54% in Hong Kong at 20,120.68 points, the South Korean Kospi was down 1.28% in Seoul, at 2,592.34 points, and the Taiex registered a loss of 1.70% in Taiwan, at 16,020.32 points.

In Hong Kong, the shares of Chinese technology giants such as Alibaba (-7.39%) and Tencent (-6.51%) weighed.

On Wednesday (18), the scholarships New York suffered falls of more than 4% dragged in part by large retailers whose balance sheets felt the impacts of high inflation in the United States, which fuels expectations of aggressive monetary tightening in the coming months.

At China mainland, markets dodged the bad mood of the rest of Asia and made moderate gains, maintaining this week’s pattern of contained variations.

The Shanghai Composite rose 0.36% to 3,096.96 points, and the less comprehensive Shenzhen Composite rose 0.58% to 1,952.70 points.

Investors, however, remain attentive to the situation of the Covid-19 in China, which showed signs of improvement in Shanghai but led to further lockdowns in other parts of the country.

In Oceania, the stock exchange Australian followed Wall Street and the negative bias of the Asian region. The S&P/ASX 200 is down 1.65% in Sydney at 7,064.50.

Source: CNN Brasil

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