Asian stocks close without a single direction, after new lockdowns in China regions

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At asia bags closed without a single direction this Monday (4), after the China enact restrictions on mobility in two regions facing a coronavirus outbreak.

The more than 1.7 million inhabitants of two regions in the Chinese province of Anhui have entered into lockdown, amid a new outbreak of covid-19. The measures revive uncertainties about Beijing’s rigid strategy to fight the disease, which has caused a considerable slowdown in the world’s second largest economy.

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In this scenario, the Hang Seng index dropped 0.13%, to 21,830.35 points on the Hong Kong Stock Exchange. Shares in developer Shimao Group tumbled 2.21% after the company missed the deadline to pay off a $1 billion bond in debt.

On the other hand, in mainland China, the composite Shanghai rose 0.53% to 3,405.43 points, while the less comprehensive Shenzhen composite rose 1.17% to 2,245.31 points. In Taiwan, Taiex lost 0.88%, to 14,217.06 points.

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In South Korea, Kospi dropped 0.22%, at 2,300.34 points. Area stocks were among the biggest losses, with Korean Air Lines down 1.18%.

In Tokyo, the Nikkei advanced 0.84% ​​to 26,153.81 points. The recent devaluation of the yen has given strength to Japanese stocks, especially in the export sectors, while the Bank of Japan insists on keeping monetary policy relaxed.

Among Oceania’s markets, the S&P/ASX 200 index rose 1.11% to 6,612.60 points on the Sydney Stock Exchange.

Source: CNN Brasil

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