New Corona Continues to Expand Asian Stock Markets Set off Another Wave

Chinese stock markets fell lower

As the epidemic of new corona pneumonia continues to expand, Asian stock markets set off another wave on Wednesday, and Chinese stock markets fell lower led by technology stocks.

On the market, stocks fell more or less, construction materials, real estate, steel and other stocks rose against the trend, while electronic stocks led the decline, with communications, medicine, and media leading the declines.

The A50 index, which is dominated by large-cap stocks, fell 0.2%. Among its 50 constituent stocks, CRRC, Poly Real Estate and China Construction rose the top three, rising 6.2%, 4.8% and 4.2% in that order. In contrast, Lixun Precision, Industrial Wealth and Ningde Times are the top three decliners, with a drop between 5.5% -6.7

Japan Stocks” Funds Withdraw from Risky Assets, Nikkei Index Closes 0.79%

 The Nikkei 225 index closed down 0.79% on Wednesday to 22,426.19 points, closing in more than four months. The new low, but driven by some bargain-hunting buying, the entire day’s decline converged, and the final recovery was regarded as short-term support at the 200-day moving average at 22,196.

The Topix One Index closed down 0.75% to 1606.17 points, and the transaction value exceeded 3 trillion yen for two consecutive days. The 33 major stocks ended in black. Mining stocks fell 2.74%, real estate stocks fell 2.13%, and service stocks fell 1.71%, the worst performance. Hit by news that the Tokyo Olympics could be cancelled, related stocks fell. Dentsu Group fell 0.7% for the sixth consecutive day. Hibino, a major event video service company, plunged 7.41%, while Mizuno, a sporting goods company, fell 2.

South Korea ’s new crown pneumonia epidemic spreads rapidly

South Korea ’s KOSPI index fell 1.28% on Wednesday to 2,076.77. The intraday fell 2.1%, hitting December 5 New low.

Today, foreign capital sold 886.4 billion won in Korean stocks, a new high since June 13, 2013. Since this week, the cumulative foreign sales have approached 2.5 trillion won. The South Korean won depreciated 0.54% to close at 1,216.9 against one US dollar.

The three major Chinese stock market indexes closed lower on Wednesday. The Shanghai Composite Index failed to hold the 3,000 mark. The Shenzhen Stock Exchange Index has fallen from its highest point in four years. The recent rise in technology stocks has extinguished, making entrepreneurship. The decline in the board index expanded to more than 4%. The two cities contracted, but still exceeded 1 trillion yuan.

At the close, the Shanghai Composite Index fell 25.12 points or 0.83% to 2897.93 points; the Shenzhen Component Index closed at 11856 points the day before, setting a new closing high since the end of December 2015, and turned down 358.53 points or 3.02% on Wednesday , Closing at 11497.55 points; after the GEM index closed higher for four consecutive trading days, it fell 106.61 points or 4.66% on Wednesday to 2180.70 points.

Songhu’s turnover was 495.341 billion yuan (RMB, the same below), and Shenzhen’s turnover was 817.349 billion yuan. The total turnover of the two cities was 1,312.69 billion yuan.

 China reported that 406 new cases of new corona were confirmed on Tuesday and 52 new deaths were reported; 78,064 confirmed cases and 2,715 deaths were cumulative. At the same time, South Korea reported on Wednesday 169 new confirmed cases, a total of 1,146 confirmed cases, and a total of 11 fatalities.


Reviewer overview

Asian Stock Markets Set off Another Wave - /10


As the epidemic of new corona pneumonia continues to expand, Asian stock markets set off another wave on Wednesday, and Chinese stock markets fell lower led by technology stocks.

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