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China shares fall on geopolitical tensions, Fed

Chinese stocks closed lower on Thursday (24) on concerns about aggressive interest rate hikes in the United States, which seeks to prevent Beijing from helping Russia.

The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, dropped 0.59%, while the Shanghai index dropped 0.63%.

Hong Kong’s Hang Seng Index lost 0.94%, while the China Enterprises Index slipped 1.4%.

Federal Reserve officials on Wednesday signaled that they are ready to take more aggressive action to curb inflation, including a possible 0.5 percentage point hike at the next meeting.

Also on Wednesday, the US government warned Beijing not to take advantage of business opportunities created by sanctions.

In Tokyo, the Nikkei index rose 0.25% to 28,110 points.

In Hong Kong, the HANG SENG index fell 0.94% to 21,945 points.

In Shanghai, the SSEC index lost 0.63% to 3,250 points.

The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, dropped 0.59% to 4,251 points.

In Seoul, the KOSPI index lost 0.20% to 2,729 points.

In Taiwan, the TAIEX index dropped 0.18% to 17,699 points.

In Singapore, the STRAITS TIMES index rose by 1.05% to 3,399 points.

In Sydney, the S&P/ASX 200 index advanced 0.12% to 7,387 points.

Source: CNN Brasil

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