05/02/2024 – 6:46
By Sergio Caldas*
São Paulo, 02/05/2024 – Asian stock markets closed without a single direction this Monday, with the Chinese stock exchanges extending last week's bad mood, despite data pointing to expansion in the services sector.
In mainland China, the Shanghai Composite index fell 1.02% to 2,702.19 points, and the less comprehensive Shenzhen Composite fell 3.93% to 1,433.10 points, extending last week's losses amid persistent doubts about the recovery capacity of the world's second largest economy, even though Beijing has announced recent stimulus measures, including a cut in the banking reserve requirement rate that came into force today.
Research by S&P/Global Caixin showed that the Chinese services PMI decreased slightly in January, to 52.7, but remained above the 50 barrier that indicates expansion of activity.
Elsewhere in Asia, South Korea's Kospi fell 0.92% without Seoul to 2,591.31 points and the Hang Seng fell 0.15% in Hong Kong to 15,510.01 points, while Japan's Nikkei advanced 0. .54% in Tokyo, to 36,354.16 points, with the help of shares in the automotive and financial sectors, and Taiex rose 0.20% in Taiwan, to 18,096.07 points.
In Oceania, the Australian stock market was in the red, awaiting a decision on interest rates from the country's central bank – known as RBA -, to be announced in the early hours of this Tuesday (06). The S&P/ASX 200 fell 0.95%, in Sydney, to 7,625.90 points, after reaching an all-time high in the previous session.
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*With information from Dow Jones Newswires
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