Shares in China and Hong Kong fell on Thursday, as the worsening Covid-19 situation and weak economic data offset optimism about an eventual economic reopening.
The CSI 300 index, which brings together the largest companies listed in Shanghai and Shenzhen, closed down 0.77%, while the Shanghai index fell 0.39%. Hong Kong’s Hang Seng Index was down 1.7%.
China reported 9,005 new Covid-19 infections on Nov. 9, including both symptomatic and asymptomatic cases, compared with 8,335 new cases a day earlier.
In the Chinese industrial hub of Guangzhou, millions of residents are being tested for Covid-19, fighting the city’s worst outbreak yet.
China’s new yuan lending likely fell in October from September, a Reuters poll showed.
This followed Wednesday’s data showing China’s factory-gate inflation fell in October, the first monthly decline since 2020.
- In Tokyo, the Nikkei index fell 0.98% to 27,446 points.
- In Hong Kong, the HANG SENG index fell 1.70% to 16,081 points.
- In Shanghai, the SSEC index lost 0.39% to 3,036 points.
- The CSI300 index, which brings together the largest companies listed in SHANGHAI and SHENZHEN, dropped 0.77% to 3,685 points.
- In Seoul, the KOSPI index lost 0.91% to 2,402 points.
- In Taiwan, the TAIEX index dropped 0.99% to 13,503 points.
- In Singapore, the STRAITS TIMES index rose by 0.24% to 3,173 points.
- In Sydney, the S&P/ASX 200 index fell 0.50% to 6,964 points.
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.
