Stock indices of the largest countries in the Asia-Pacific region (APR) are changing weakly and in different directions during trading on Tuesday.
Traders and investors continue to monitor the development of the situation with the spread of coronavirus in China. The latest outbreak, during which three deaths were recorded in the Chinese capital for the first time in six months, led the country’s authorities to begin expanding restrictive measures affecting millions of people in many cities. Some economists believe that these measures could lead to a weakening of China’s economy – the second largest in the world.
Analysts also note that fears due to the situation with COVID-19 in China add pressure to the global demand forecast.
The Hong Kong Hang Seng index fell 0.4% by Tuesday morning, while the Shanghai Shanghai Composite added 1%.
The biggest losers on the Hong Kong Stock Exchange included Internet company Meituan (SPB: 3690) (-4.9%), electric car maker Li Ning Co. Ltd. (-4.5%), and pharmaceutical CSPC Pharmaceutical Group Ltd. (-2.8%).
Shares of sports goods producer Anta Sports Products Ltd are also significantly cheaper. (-2.6%), online retailer Alibaba Group Holding Ltd. (-2.3%), the owner of the Chinese restaurant chain Haidilao International Holding Ltd. (-2.1%), and new energy vehicle manufacturer BYD Co. Ltd. (-1.7%).
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Shares of casino operators in Macau continue to fall on the news about the tightening of anti-COVID restrictions, including restrictions on the tourism sector. Sands China Ltd stock quotes. fall by 1.3%, Wynn Macau Ltd. – by 2.4%, and Macau Legend Development Ltd. – by 3%.
Japan’s Nikkei 225 is up 0.7% at the time of writing.
The most significant rise among the components of the indicator is shown by the quotes of steelmaking Nippon Sheet Glass Co. Ltd. (+8%), automaker Mitsubishi Motors Corp. (+3.9%), and electronics manufacturer Panasonic Holdings Corp. (+3.6%).
The value of the South Korean index Kospi fell by 0.5%.
Quotes of securities of one of the world’s largest manufacturers of chips and electronics Samsung Electronics Co. decreased by 1.1%, and the cost of automaker Kia Corp. decreased by 0.5%.
The Australian S&P/ASX 200 added 0.6%.
Shares of the world’s largest mining companies BHP and Rio Tinto rose 1.4% and 1%, respectively.
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