The stock markets of Asia had no single sign this Wednesday (7), but the negative tone prevailed. At China the day was positive, although with a modest gain in Shanghai, while the Japanese market was down, with the weakness of the yen also in focus.
the stock market Shanghai closed up 0.09%, at 3,246.29 points, and the smaller one in Shenzhen, up 0.47%, at 2,221.17 points.
China’s trade balance data for August was monitored, with results lower than expected by analysts. UBS North Asia, however, says that exports may improve in the coming months if there is a normalization in the country’s ports.
China still maintains a policy of localized lockdowns to contain outbreaks of the Covid-19 which according to analysts slows down its growth in the current scenario.
On the Tokyo Stock Exchange, the Nikkei index closed down 0.71%, at 27,430.30 points. Stocks linked to shipping and the energy sector tumbled amid concerns over the economic outlook and monetary tightening in United States .
Among stocks in focus, Nippon Yusen fell 7.9% and Inpex, 2.8%. Shares in automakers have risen, in part thanks to the recent weakening of the yen, which benefits exporters. japanese .
In Seoul, the Kospi index fell by 1.39% to 2,376.46 points. investors in South Korea continue to project higher interest rates, which curbs appetite for stocks. LG Display was among the biggest drops this Wednesday, 3.7%.
In Hong Kong , the Hang Seng index closed down by 0.83%, at 19,044.30 points. This is the fifth consecutive decline for that index, with outbreaks of Covid-19 in China weighing on local sentiment. The Chinese trade balance was also in focus, contributing to the negative picture.
In Taiwan the Taiex index closed down 1.82%, at 14,410.05 points.
Oceania
In Oceania, the S&P/ASX 200 index registered a drop of 1.42%, at 6,729.30 points, on the Sydney Stock Exchange.
The Gross Domestic Product (GDP) of the Australia was on the radar, with higher-than-expected numbers in the second quarter, but there was still a negative perception of the situation, due to fears of higher interest rates around the world. As a result, the Australian stock index had its lowest closing level since July 19.
*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.
