Asian stock markets had a negative overall trading session this Thursday (18th). In the Chinese market, stocks of developers returned to retreat, while the day on the Japanese stock market was also negative.
In China, the Shanghai Stock Exchange closed down 0.47% to 3,520.71 points, and the smaller Shenzhen Stock Exchange dropped 0.65% to 2,575.12 points. Developer stocks tumbled after modest industry data for October.
Orient Securities says the government has so far not conducted enough relaxation to support consumer confidence in this segment. Poly Developments, Seazen Holdings and Gemdale were down more than 2%.
Companies linked to lithium production, on the other hand, extended recent gains, with the expectation of greater demand for the component, given the global scenario of trying to move towards neutrality in terms of carbon emissions into the atmosphere. Tianqi Lithium rose 6.3% and Chengxin Lithium rose 5.3%.
On the Tokyo Stock Exchange, the Nikkei index dropped 0.30% to 29,598.66 points. Energy and shipping stocks fared poorly. Inpex was down 7.1% and Nippon Yusen, 4.3%.
Eisai, on the other hand, registered a loss of 9.0%, given the lower chance of approval in Europe of her drug against Alzheimer’s. Investors are awaiting news about possible fiscal stimulus in Japan and other initiatives by Prime Minister Fumio Kishida.
In Hong Kong, the Hang Seng Index dropped 1.29% to 25,319.72 points. There is expectation in this market for the 6th of December, when a review of the index will be announced. China Galaxy International says the Hang Seng could include more actions in the areas of healthcare, information technology and consumption.
In South Korea, the Kospi index ended with a drop of 0.51% in Seoul, at 29,589.66 points. Actions by automakers and consumer-related companies had a negative influence. Hyundai Motor was down 1.0% and Kia, 1.1%.
In Taiwan, the Taiex index was against the majority and rose 0.44%, to 17,841.37 points. The index fluctuated lower for part of the day but confirmed gains.
Oceania
In Oceania, the S&P/ASX 200 closed up 0.13%, at 7379.20 points, on the Sydney Stock Exchange, with a modest recovery after a sequence of recent losses. Commonwealth Bank tumbled 1.5%, prolonging recent days’ weakness, but some commodity-linked companies fared well.
Nufarm rose 5.2%, rebounding after falling sharply in the previous session, and Evolution advanced 9.7%. Several gold miners also rose on this Thursday in the Australian market.
Reference: CNN Brasil
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