This is How the Markets in Asia Moved Yesterday

The Nikkei index in Tokyo closed lower, following the direction of the Dow Jones index, as U.S. stock markets closed lower yesterday. Investors are concerned that the global economy will be affected by China’s strict measures to contain COVID-19.

  • The Nikkei Index closed at 26,167.10, down 152.24, or -0.58%.

The Australian S&P/ASX 200 share market closed at its lowest level in more than three months as investors worried about rising bank interest rates and the outlook for global economic growth. Another factor of concern is the impact of China’s ongoing lockdown measures to contain the spread of COVID-19.

  • The S&P/ASX 200 index closed at 7,051.20 points, down 69.50 points or -0.98%.
  • The All Ordinaries Index closed at 7,285.20 points, down 72.70 points, or -0.99%.

The Shanghai Composite Index closed higher after China’s central bank pledged measures to support economic recovery

  • The Shanghai Composite Index closed at 3,035.84, up 31.70, or +1.06%.

South Korea’s stock market composite index fell for the sixth straight day, hitting a 17-month low, as investors worried about inflation and a slowdown in the global economy.

  • The South Korean Stock Exchange Composite Index (KOSPI) closed at 2596.56, down 14.25, or -0.55%.

The Hang Seng Index in Hong Kong closed lower. It followed U.S. stock markets on Monday (May 9), which were worried about the impact of the Federal Reserve’s accelerated rate hikes.

  • The Hang Seng Index closed today at 19,633.69, down 368.27, or -1.84%.

The Thai stock market recovered compared to foreign stock markets.

  • The SET Close today at 1,622.78 points, an increase of 18.29 points or +1.14%.

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