China stocks closed lower on Friday, following Asian markets amid investor concerns over the global economic outlook, although major indexes advanced for a fifth straight week as the domestic economy showed signs of recovery from the slump. of Covid-19.
The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, ended the day down 0.41%, while the Shanghai index was down 0.32%.
The Hong Kong market was closed on Friday.
For the week, the CSI300 index gained 1.6% and the Shanghai index gained 1.3%.
Asian stock markets started the second half weak on growth fears after the benchmark US S&P 500 index closed its worst first half since 1970.
“The external shock of the recession seems inevitable, but the long-term performance of China’s equities really depends on domestic fundamentals,” analysts at Guosheng Securities said in a note.
. In TOKYO, the Nikkei index fell 1.73% to 25,935 points.
. In HONG KONG, the HANG SENG index remained closed.
. In SHANGHAI, the SSEC index lost 0.32% to 3,387 points.
. The CSI300 index, which brings together the largest companies listed in SHANGHAI and SHENZHEN, dropped 0.41% to 4,466 points.
. In SEOUL, the KOSPI index fell by 1.17% to 2,305 points.
. In TAIWAN, the TAIEX index registered a drop of 3.26%, to 14,343 points.
. In SINGAPORE, the STRAITS TIMES index fell by 0.21% to 3,095 points.
. In SYDNEY, the S&P/ASX 200 index fell 0.43% to 6,539 points.
Source: CNN Brasil
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