Asian stock markets closed without a single direction on Thursday (29) with some of them favored by the vigorous recovery of Wall Street after an intervention by the Bank of England (BoE, for its acronym in English) to contain a possible financial crisis.
Japan’s Nikkei index rose 0.95% in Tokyo to 26,422.05 points, while South Korea’s Kospi secured a slight rise of 0.08% in Seoul, to 2,170.93 points, and Taiex advanced 0.51%. in Taiwan, at 13,534.26 points.
On the other hand, mainland China and Hong Kong markets were in the red, reversing gains from early business. China’s main index, the Shanghai Composite slipped 0.13% to 3,041.20 points, and the Shenzhen Composite slipped 0.05% to 1,937.20 points. The Hang Seng, meanwhile, fell 0.49% in Hong Kong, to 17,165.87 points, pressured by technology stocks.
The partial recovery in Asia, after robust losses in the previous trading session, came as New York stocks rose sharply on Wednesday, reacting to a decision by the BoE to buy the volume of British government bonds (Gilts) needed. to restore order in financial markets.
The move by the British central bank helped to allay fears that a UK tax cut plan will fuel domestic inflation, which is already at its highest level in decades. That fear had driven the pound to an all-time low against the dollar and boosted Gilt interest rates to the highest levels since 2008.
In Oceania, the Australian stock market also recovered today. The S&P/ASX 200 rose 1.44% in Sydney at 6,555.00, helped by oil and mining stocks. With information from Dow Jones Newswires.
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.
