TOKYO/HONG KONG/SHANGHAI/SYDNEY (dpa-AFX) – The majority of the most important trading centers in Asia gave way at the beginning of the week. The reason for this is the worsening energy crisis in Europe, which is also clouding the outlook for the global economy, it said. In addition, the ongoing trade dispute between the USA and China is depressing investor sentiment.
In China, the CSI 300 index (CSI 300) with the 300 most important companies on the Chinese mainland slipped by 0.4 percent to 4006.33 points. He expanded the losses of the previous week. Even a better-than-expected purchasing managers’ index for the service sector failed to push the index into the black. After the significant losses of the previous week, the Hong Kong Special Administrative Region stock market also started the week in the red: the Hang Seng Index (Hang Seng) lost 1.3 percent due to weakening tech stocks and was last listed at 19,199.5 points .
Things went a little better in Tokyo, where the leading Japanese index Nikkei 225 closed down 0.1 percent at 27,619.61 points. In early trading, it fell to its lowest level in over a month before stabilizing somewhat. In South Korea, the KOSPI lost 0.2 percent. The new inflation data for August were better than expected, wrote the Commerzbank experts. That the monetary authorities their restrictive monetary policy therefore consider, but is unlikely.
The Australian S&P ASX 200 closed up, up 0.34 percent to 6852.20 points. / jcf / mis