Stock markets in Asia recorded a generally negative trading session this Friday (16).
In Shanghai, the picture was practically stable, while in Tokyo there was a decrease of almost 2%. Contrary to the majority, Hong Kong rose.
The Shanghai Stock Exchange closed down 0.02%, at 3,167.86 points, and the Shenzhen Stock Exchange, with a smaller range, fell 0.75%, at 2,039.52 points.
Shanghai lost 1.2% this week, ending a six-week streak of gains, supported by an economic reopening, with Beijing easing measures to contain Covid-19.
Shares of software makers and also of hardware had falls in the Chinese market.
Developers, on the other hand, did well, after the country’s vice-premier said that the government is considering more measures to support the real estate sector.
On the Tokyo Stock Exchange, the Nikkei index closed down 1.87%, at 27,527.12 points.
Papers from the electronics and technology sectors pressured the Japanese market, with fears about the global economic outlook in the context of monetary tightening by central banks.
Tokyo Electron retreated 4.5% and SoftBank Group, 3.8%. Toshiba Corp. rose 2.1% after reports that a group led by Japan Industrial Partners had secured funding to take control of the company.
In South Korea, the Kospi index ended with a drop of 0.04% in Seoul, at 2,360.02 points. This is the fifth straight week of declines on the South Korean stock exchange.
Amid recession fears, interest rate hikes in the US and Europe weighed on sentiment. Steel and internet stocks were among the hardest hit.
In Taiwan, the Taiex index fell 1.40% to 14,528.55 points. In Hong Kong, the Hang Seng index went against the grain of the majority and rose 0.42%, to 19,450.67 points.
Technology stocks showed moderate bullishness overall, enough to support local gains.
In Oceania, on the Sydney Stock Exchange, the ASX/S&P 200 index closed down 0.78%, at 7,148.70 points. Fears of interest rate hikes around the world weighed on the Australian market, with banks falling.
Technology stocks also retreated, along with gold and lithium mining stocks.
Source: CNN Brasil
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