04/18/2024 – 5:59
By Sergio Caldas*
São Paulo, 04/18/2024 – Stock markets in Asia and the Pacific closed mostly higher this Thursday, with some of them interrupting a sequence of recent losses amid demand for bargains, despite Wall Street's weak performance yesterday.
Leading gains in the Asian region, the South Korean Kospi index advanced 1.95% in Seoul, to 2,634.70 points, after accumulating losses for four consecutive sessions, the Japanese Nikkei rose 0.31% in Tokyo, to 38,079.70 points, after three negative trading sessions, the Hang Seng rose 0.82% in Hong Kong, to 16,385.87 points, and the Taiex registered a gain of 0.43% in Taiwan, to 20,301.20 points.
In both Tokyo and Seoul, the search for shares that became cheaper in the recent wave of liquidation predominated.
In mainland China, markets were close to stability and without a single direction following yesterday's robust gains. The Shanghai Composite showed a marginal increase of 0.09%, at 3,074.22 points, and the less comprehensive Shenzhen Composite fell 0.11%, at 1,698.92 points.
In Oceania, the Australian stock market also had a day of recovery, after five consecutive sessions of losses. The S&P/ASX 200 advanced 0.48% in Sydney, to 7,642.10 points.
The good mood prevailed in Asia and the Pacific despite widespread losses on the New York stock exchanges yesterday, when the S&P 500 and Nasdaq indexes fell for the fourth consecutive session.
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*With information from Dow Jones Newswires
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