China’s blue chip stocks closed flat on Tuesday after the country’s central bank adopted a new lending tool, but analysts said it has no strong implications for a easing.
The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, closed with a negative variation of 0.03%, while the Shanghai index had a gain of 0.24%.
China’s central bank said on Monday it would provide financial institutions with low-cost loans to help companies cut carbon emissions.
“The new lending tool doesn’t have as strong easing implications as it seems at first glance,” said Zhaopeng Xing, senior China strategist at ANZ.
Real estate companies retreated 0.2% amid intensifying concerns about the liquidity crisis in the sector.
In TOKYO, the Nikkei index retreated 0.75% to 29,285 points.
In HONG KONG, the HANG SENG index rose 0.20% to 24,813 points.
In SHANGHAI, the SSEC index gained 0.24% to 3,507 points.
The CSI300 index, which brings together the largest companies listed in SHANGHAI and SHENZHEN, retreated 0.03% to 4,846 points.
In SEUL, the KOSPI index appreciated 0.08% to 2,962 points.
In TAIWAN, the TAIEX index rose by 0.72% to 17,541 points.
In SINGAPORE, the STRAITS TIMES index devalued by 0.63%, to 3,243 points.
In SYDNEY the S&P/ASX 200 index retreated 0.24%, to 7,434 points.
Reference: CNN Brasil
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