Tokio/Hong Kong/Shanghai/Sydney (dpa -AfX) – The most important Asian stock markets gave in somewhat on Tuesday. They came back a little after the previous day.
Deutsche Bank’s market strategists spoke of a quiet business. Market participants were waiting for the Ukraine War to continue. The Japanese leading index Nikkei 225 suffered a little from the increase in bond sits after the record level the day before. The Nikkei lost 0.38 percent to 43,546.29 points.
Other factors could also become a burden on the Japanese market. “The higher US tariffs as well as a possibly declining US demand could put a strain on the profits of Japanese exporters and as a result of their bonus payments for the 2025 financial year,” emphasized investment strategist Ulrich Stephan from Deutsche Bank. This would dampen the willingness to consume many Japanese households in the upcoming quarters.
“In addition, the topix is traded after the latest price increases with a valuation premium of twelve percent compared to its ten-year average,” said Stephan. “A consolidation phase would not surprise me in the coming months.”
Meanwhile, the crising chip group Intel gets a new major shareholder from Japan. The technology group Softbank buys Intel shares worth $ 2 billion, as companies said. At $ 23 per share, the purchase price is slightly below the closing price of Monday. Softbank shares gave up by around four percent.
Behavior was the development on the Chinese stock exchanges. With the CSI-300 index (CSI 300) with the most important stocks of the Chinese mainland exchanges, it was 0.33 percent down to 4,225.36 points. The Hang Seng index (Hang Seng) of the Chinese special administration zone Hong Kong fell by 0.31 percent to 25,098.47 points.
The Australian leading index S&P/ASX 200 (S&P ASX 200) closed 0.7 percent lower with 8,896.20 points ./Mf/jha/