Asian stock markets did not have a single signal on Tuesday (14). The Tokyo Stock Exchange retreated, pressured by Monday’s weakness in the New York Stock Exchanges, but Shanghai rose. In Oceania, the Sydney Stock Exchange recorded a strong drop, with its biggest daily loss since May 2020, on Monday’s return from a holiday in Australia.
the index Nikkei closed down 1.32%, at 26,629.86 points, on the Japanese stock exchange. Strong inflation in the United States and the prospect of greater monetary tightening in the country negatively influenced the Tokyo Stock Exchange, with widespread losses among stocks. Daiichi Sankyo was down 7.0%, Nexon was down 5.65% and Hoya was down 5.2%.
On the Shanghai Stock Exchange, there was a rise of 1.02%, to 3,288.91 points, while Shenzhen, with a smaller scope, rose 0.19%, to 2,185.64 points.
Automakers and energy stocks supported gains in the China market, with recovery in the outlook for vehicle sales and oil futures as influences, respectively. Great Wall Motor rose 7.3% and Chongqing Changan Automobile advanced 10%, while PetroChina gained 5.4% and Cnooc 4.0%.
In Hong Kong, the Hang Seng index ended stable at 21,067.99 points. There was recovery throughout the day in this market, after losses in early trading. Among banks, BOC Hong Kong and Hang Seng Bank rose 4.8% and 2.4%, respectively.
In South Korea, the Kospi index dropped 0.46% to 2,492.97 points. Thus, the Seoul Stock Exchange had its sixth consecutive decline, with construction equipment, biotechnology and defense stocks leading losses on Tuesday.
The Kospi also recorded a low in 19 months of closing for the second day in a row, with caution among investors against the chance of more aggressive rate hikes by the Federal Reserve (Fed, the US central bank) and foreign investors withdrawing money from the local market.
Hyundai Construction Equipment was down 6.1%, SK Bioscience lost 3.1% and Korea Aerospace Industries was down 2.2%. Samsung Electronics, meanwhile, recorded a drop of 0.3%.
In Taiwan, the Taiex index closed down by 0.15%, at 16,047.37 points.
Oceania
In Oceania, the S&P/ASX 200 index registered a drop of 3.55%, at 6,686.00 points, on the Sydney Stock Exchange. The Australian market thus had its biggest daily loss since May 2020, entering correction territory amid rising bond returns.
The local index also ended at the lowest closing level since February 2021, returning from a holiday on Monday. Commodity equities have come under pressure on global inflation fears and the Australian dollar’s retreat.
*With information from Dow Jones Newswires
Source: CNN Brasil
