Chinese stocks closed with no common direction on Tuesday as some investors took profits amid doubts about the sustainability of the recent market rally.
The CSI 300 index, which brings together the largest companies listed in Shanghai and Shenzhen, closed up 0.11%, while the Shanghai index fell 0.21%, after rising in the previous six sessions.
Hong Kong’s Hang Seng Index ended down 0.27%.
The CSI 300 has recovered around 15% since November on bets surrounding economic reopening in China. In a twist, the country abandoned its Covid-zero policy in early December.
Other Asian stocks fell on sharp comments from two Federal Reserve officials, as investors turned cautious ahead of expected inflation data for this week.
. In TOKYO, the Nikkei index advanced 0.78%, to 26,175 points.
. In HONG KONG, the HANG SENG index fell 0.27% to 21,331 points.
. In SHANGHAI, the SSEC index lost 0.21% to 3,169 points.
. The CSI300 index, which gathers the largest companies listed in SHANGHAI and SHENZHEN, advanced 0.11%, to 4,017 points.
. In SEOUL, the KOSPI index appreciated by 0.05%, at 2,351 points.
. In TAIWAN, the TAIEX index rose by 0.34% to 14,802 points.
. In SINGAPORE, the STRAITS TIMES index lost 1.29% to 3,262 points.
. In SYDNEY, the S&P/ASX 200 index fell 0.28% to 7,131 points.
Source: CNN Brasil
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