China’s blue-chips back off with Shanghai lockdown due to high Covid cases

China’s blue-chip index closed lower on Monday after a lockdown in Shanghai to stem the spread of Covid-19 infections raised fears of an economic slowdown, while Hong Kong shares rose for the first time in three sessions. supported by technology companies.

The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, dropped 0.63%, while the Shanghai index gained 0.07%.

Hong Kong’s Hang Seng Index rose 1.31%, while the China Enterprises Index rose 1.5%.

The Chinese financial center of Shanghai said on Sunday it would lockdown the city in two stages to carry out tests for Covid-19 over the period of nine days, after it reported a new daily record of asymptomatic infections.

Meanwhile, Hong Kong-listed tech companies rose 2.6%, with Alibaba Group and Tencent Holdings up 3.5% and 2.8%, respectively.

. In TOKYO, the Nikkei index fell 0.73% to 27,943 points.

. In HONG KONG, the HANG SENG index rose 1.31% to 21,684 points.

. In SHANGHAI, the SSEC index gained 0.07% to 3,214 points.

. The CSI300 index, which brings together the largest companies listed in SHANGHAI and SHENZHEN, dropped 0.63% to 4,148 points.

. In SEOUL, the KOSPI index fell by 0.02% to 2,729 points.

. In TAIWAN, the TAIEX index dropped 0.89% to 17,520 points.

. In SINGAPORE, the STRAITS TIMES index rose by 0.54% to 3,431 points.

. On SYDNEY, the S&P/ASX 200 index advanced 0.08% to 7,412 points.

Source: CNN Brasil

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