China stocks closed lower on Thursday after a surge in domestic Covid-19 cases sparked concerns about more lockdowns, while weakness in other Asian markets also weighed on sentiment as investors reassess the outlook for China. US monetary policy.
The CSI 300 index, which brings together the largest companies listed in Shanghai and Shenzhen, closed down 0.41%, while the Shanghai index fell 0.15%. Hong Kong’s Hang Seng Index was down 1.15%.
Most other Asian stocks fell as the dollar rallied as investors tried to gauge the outlook for the Federal Reserve’s monetary policy following stronger-than-expected retail sales data.
China has reported more than 20,000 new daily Covid-19 infections in recent days after the country eased some rules against the virus.
“Fear of rising Covid infections in the country could force authorities to revert to broader lockdowns,” Maybank analysts said in a note.
- In TOKYO, the Nikkei index fell 0.35% to 27,930 points.
- In HONG KONG, the HANG SENG index fell 1.15% to 18,045 points.
- In SHANGHAI, the SSEC index lost 0.15% to 3,115 points.
- The CSI300 index, which brings together the largest companies listed in SHANGHAI and SHENZHEN, fell 0.41% to 3,818 points.
- In SEOUL, the KOSPI index lost 1.39% to 2,442 points.
- In TAIWAN, the TAIEX index fell by 0.01% to 14,535 points.
- In SINGAPORE, the STRAITS TIMES index gained 0.61% to 3,286 points.
- In SYDNEY, the S&P/ASX 200 index advanced 0.19% to 7,135 points.
Source: CNN Brasil
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