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Gross picture in Asian stock markets – Evergrande trading suspended

Indices in the Asia-Pacific region show a mixed picture in the first session of 2022 for some of the stock exchanges, since the markets in Australia, mainland China and Japan are closed today due to a holiday.

In particular, in Hong Kong Hang Seng erased its intra-conference gains and fell 0.62% to negative territory.

Meanwhile, the trading of the shares of the Chinese real estate company China Evergrande Group in Hong Kong was suspended, according to a stock exchange announcement. However, the reason for the suspension of trading was not mentioned.

Hong Kong-listed Evergrande-listed companies have a mixed picture. China Evergrande New Energy Vehicle Group is up 9.09%, while Evergrande Property Services is down 0.38%.

The real estate industry is falling in Hong Kong, with Country Garden losing 2.02% and Sunac diving 8.32%. The Hang Seng Properties index trades with losses of 0.57%.

Meanwhile, the Chinese artificial intelligence company Sensetime recorded a 27% rally a few days after its debut on the Hong Kong Stock Exchange.

In South Korea, Kospi adds 0.21%, while in Taiwan Taiex strengthens by 0.13%.

In Southeast Asia, the Straits Times index rose 0.27%.

Its broader index MSCI for Asia-Pacific shares outside Japan loses 0.13%.

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