Most stock markets in the Asia-Pacific region are down, with investors showing no appetite for risk, while the technology sector continues to “suffer”.
Meanwhile, investors are eyeing US inflation data this week and China’s GDP report. The Bank of Korea is also meeting in the next few days.
In this climate, in Japan the Nikkei 225 is down 1.93% and the Topix is ​​at -1.75%. Technology stocks plunged, with SoftBank Group and Fanuc losing 4.32% and 4.93% respectively.
In the Hong Kong Hang Seng slips 1.2% and Hang Seng Tech loses 2.15%. Chinese electric car maker BYD is down 11% and Alibaba is down -5.35%.
On the mainland China Worries over strict measures to contain the pandemic are weighing on the Shanghai Composite, which slipped 1% lower and Shenzhen slipped 1.68%.
At South KoreaKospi loses 1.27% and Kosdaq 2.15%.
The negative trend is resisted by Australiawith the S&P/ASX 200 marginally up 0.21%
Its broadest index MSCI for Asia-Pacific shares outside Japan is down 1.22%.
Sta corporate newsJapanese automaker Toyota Motor said Monday it is extending the suspension of a production line at its Motomaki plant to investigate the cause of a recall of one of its models.
About 4,000 units will be affected by the suspension, but the global production plan will not change, the company said. Toyota stock slips 1.91%.
Source: Capital
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
