Asian stocks closed mostly lower on Tuesday (11), as a tumble in technology stocks weighed on business.
The Taiex index fell 4.35% in Taiwan to 13,106.03 points, reaching the lowest level since November 2020 as it returned from a holiday, in the first trading session since the US imposed new limits on exports of semiconductors and destined equipment. to the production of chips for China.
Only the share of TSMC, the world’s largest chipmaker, plunged 8.33%.
Japan’s Nikkei dropped 2.64% in Tokyo, at 26,401.25 points, while South Korean Kospi dropped 1.83% in Seoul, at 2,192.07 points. Equally pressured by shares linked to chips and electronics, both markets also returned from holidays celebrated yesterday.
In Hong Kong, the Hang Seng fell 2.23% to 16,832.36 points, its lowest level in 13 years, as developer shares suffered heavy losses amid concerns about the liquidity crisis in the real estate sector. Chinese.
In mainland China, on the other hand, markets partially recovered from Monday’s losses, as they resumed business after a week-long holiday.
The Shanghai Composite rose 0.19% to 2,979.79 points after hitting a five-month low in the previous trading session, while the Shenzhen Composite advanced 0.61% to 1,882.00 points.
In Oceania, the Australian stock market followed the predominantly negative tone of Asia, and the S&P/ASX 200 fell 0.34% in Sydney, at 6,645.00 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.
