SHANGHAI (Reuters) – China’s stocks closed lower on Friday as domestic cases of Covid-19 and a new variant of the possibly vaccine-resistant coronavirus weighed on investor sentiment.
Semiconductor and energy stocks led the losses.
The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, fell by 0.74%, while the Shanghai index fell by 0.56%.
For the week, the CSI300 lost 0.6%, but the Shanghai index gained 0.1%.
A series of local Covid-19 cases in some parts of China has led the city of Shanghai to limit tourist activities and a nearby city to cut public transport services.
This brought down tourism and consumer staples stocks by 1.8% and 0.8%, respectively.
The real estate, energy, and semiconductor sub-index fell between 1.2% and 2.8%.
In the global market, the discovery of a new variant of the coronavirus in South Africa scared investors, causing them to discard risky assets.
. In TOKYO, the Nikkei index retreated 2.53% to 28,751 points.
. In HONG KONG, the HANG SENG index fell 2.67% to 24,080 points.
. In SHANGHAI, the SSEC index lost 0.56% to 3,564 points.
. The CSI300 index, which brings together the largest companies listed in SHANGHAI and SHENZHEN, retreated 0.74%, to 4,860 points.
. In SEUL, the KOSPI index had a devaluation of 1.47%, to 2,936 points.
. In TAIWAN, the TAIEX index dropped by 1.61% to 17,369 points.
. In SINGAPORE, the STRAITS TIMES index devalued by 1.72%, to 3,166 points.
. In SYDNEY the S&P/ASX 200 index retreated 1.73%, to 7,279 points.
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