Asian stocks closed lower on Friday, 15th, after China frustrated expectations of interest rate cuts, in a day of reduced liquidity amid holidays in some countries in the region and in other parts of the world.
In mainland China, the Shanghai Composite index was down 0.45% today to 3,211.24 points, and the less comprehensive Shenzhen Composite index was down 1.01% to 2,013.87 points.
Elsewhere in Asia, Japan’s Nikkei was down 0.29% in Tokyo to 27,093.19 points, South Korean Kospi was down 0.76% in Seoul to 2,696.06 points, and Taiex was down 1 .40% in Taiwan, at 17,004.18 points.
The markets in Hong Kong and Australia, the main one in Oceania, did not operate today due to the Good Friday holiday. For the same reason, the US and European exchanges are also closed.
The bad mood in Asia came after the PBoC – as the Chinese central bank is known – decided to keep some of its key interest rates unchanged despite signs of a slowdown in the world’s second-largest economy following further outbreaks of Covid-19.
Just hours after equity trading in China closed, the PBoC announced a reduction in bank reserve requirements that is expected to free up the equivalent of $83 billion in liquidity, as the Chinese leadership had signaled days ago. With information from Dow Jones Newswires.
know more
+ New Montana: 3rd generation of Chevrolet pickup arrives in 2023
+ Omicron: Unexpected symptom of infection in children worries medical teams
+ Mercadão de SP vendors threaten customers with fruit scam
+ Video: Mother is attacked on social media for wearing tight clothes to take her son to school
+ Horoscope: check today’s forecast for your sign
+ What is known about fluorone?
+ Trick to squeeze lemons becomes a craze on social media
+ ‘Monster Ichthyosaur’ is discovered in Colombia
+ One twin became vegan, the other ate meat. Check the result
+ See which were the most stolen cars in SP in 2021
+ Expedition identifies giant squid responsible for ship sinking in 2011
+ US Agency warns: never wash raw chicken meat
#Asian #stocks #close #China #thwarts #interest #rate #cut #expectations