China stocks tumbled on Monday and the Hong Kong market posted its biggest intraday decline since May 6, as uncertainty over Covid-19 sparked lockdown concerns, while U.S. inflation raised concerns over the future. tightening of monetary policy.
The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, closed down 1.17%, while the Shanghai index fell 0.89%.
The Hong Kong Hang Seng Index fell 3.39%, while the China Enterprises Index lost 3.5%.
Officials in Beijing raced on Monday to contain a Covid outbreak, with millions facing mandatory testing and thousands under targeted lockdowns, as Shanghai completed mass testing for most of its 25 million residents over the weekend.
Global stock markets tumbled after the U.S. consumer price index rose 8.6% last month, the biggest annual increase since December 1981.
. In TOKYO, the Nikkei index fell 3.01% to 26,987 points.
. In HONG KONG, the HANG SENG index fell 3.39% to 21,067 points.
. In SHANGHAI, the SSEC index lost 0.89% to 3,255 points.
. The CSI300 index, which brings together the largest companies listed in SHANGHAI and SHENZHEN, dropped 1.17% to 4,189 points.
. In SEOUL, the KOSPI index had a devaluation of 3.52%, to 2,504 points.
. In TAIWAN, the TAIEX index registered a drop of 2.36%, to 16,070 points.
. In SINGAPORE, the STRAITS TIMES index fell by 1.33% to 3,139 points.
. In SYDNEY, the S&P/ASX 200 index remained closed.
Source: CNN Brasil
