Chinese stocks closed lower on Wednesday, with new energy vehicle makers leading losses as investors discount higher-valued stocks.
Concerns about the impact of aggressive sanctions on Russia also weighed on sentiment.
O CSI300 indexwhich brings together the largest companies listed in Shanghai and Shenzhen, fell 0.89%, while the Shanghai index lost 0.13%.
Leading the way in the losses, the new energy vehicle sector retreated 2.09% and the CSI300 Industry index fell 1.17%.
U.S. President Joe Biden banned Russian flights from using U.S. airspace in his State of the Union address on Tuesday, in which he also said Russian leader Vladimir Putin “will pay a price.” high in the long run” by the invasion of Ukraine.
- In Tokyo, the Nikkei index fell 1.68% to 26,393 points.
- In Hong Kong, the Hang Seng index fell 1.84% to 22,343 points.
- In Shanghai, the SSEC index lost 0.13% to 3,484 points.
- The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, dropped 0.89% to 4,578 points.
- In Seoul, the Kospi index appreciated by 0.16%, at 2,703 points.
- In Taiwan, the Taiex index dropped 0.17% to 17,867 points.
- In Singapore, the Straits Times index lost 1.04% to 3,244 points.
- In Sydney, the S&P/ASX 200 index rose 0.28% to 7,116 points.
Source: CNN Brasil
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