09/01/2024 – 5:57
By Sergio Caldas*
São Paulo, 01/09/2024 – Asian stock markets closed without a single direction this Tuesday, with gains in Shanghai and Tokyo amid expectations of new stimulus in China and after the good performance of Wall Street.
In mainland China, the Shanghai Composite index rose 0.20% to 2,893.25 points and the less comprehensive Shenzhen Composite advanced 0.34% to 1,746.03 points after an official told state media that the PBoC, as It is known that the Chinese central bank may adopt monetary relaxation measures, including cutting reserve requirements, to boost the granting of credit.
In Tokyo, the Japanese Nikkei returned from a holiday with an increase of 1.16%, to 33,763.18 points, reaching the highest level in 34 years, after the New York stock exchanges recovered yesterday afternoon amid a relief in interest on Treasuries.
In other parts of Asia, however, the tone was negative: the Hang Seng fell 0.21% in Hong Kong, to 16,190.02 points, pressured by technology shares, while the South Korean Kospi fell 0.26% in Seoul , at 2,561.24 points, in its fifth consecutive session in the red, and Taiex gave up 0.21% in Taiwan, at 17,535.49 points.
In Oceania, the Australian stock market today interrupted a sequence of four negative trading sessions, following encouraging data on consumer confidence. The S&P/ASX 200 advanced 0.93% in Sydney, to 7,520.50 points.
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*With information from Dow Jones Newswires
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