SHANGHAI (Reuters) – China’s blue-chip stocks closed lower on Tuesday after US drugmaker Moderna raised new alarms about the omicron variant, as data showed that the service sector in the world’s second-largest economy grew at a slightly slower pace amid regional Covid-19 outbreaks.
The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, retreated 0.4%, while the Shanghai index was stable.
In the month, the CSI300 index fell 1.6%, while the Shanghai index rose 0.5%.
The Chinese papers weakened slightly after the head of drugmaker Moderna told the Financial Times that Covid-19 vaccines are unlikely to be as effective against the omicron variant of the coronavirus as they were against the delta variant.
Meanwhile, activity in China’s service sector grew at a slightly slower pace in November, as the sector was hit by new lockdown measures as authorities rushed to contain the latest outbreak of the disease.
. In TOKYO, the Nikkei index retreated 1.63% to 27,821 points.
. In HONG KONG, the HANG SENG index fell 1.58% to 23,475 points.
. In SHANGHAI, the SSEC index gained 0.03% to 3,563 points.
. The CSI300 index, which brings together the largest companies listed in SHANGHAI and SHENZHEN, retreated 0.40% to 4,832 points.
. In SEUL, the KOSPI index had a devaluation of 2.42%, to 2,839 points.
. In TAIWAN, the TAIEX index rose 0.58% to 17,427 points.
. In SINGAPORE, the STRAITS TIMES index devalued 2.54% to 3,041 points.
. In SYDNEY the S&P/ASX 200 index advanced 0.22% to 7,256 points.
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