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Asian tech stocks fall, Hong Kong’s Hang Seng Bank falls nearly 3%

Singapore — Asia Pacific stocks fell during Tuesday morning trading Big loss overnight on Wall Street This reduced the technology-intensive Nasdaq Composite Index by more than 4%.

Hong Kong Hang Seng IndexReturned to trading after Monday’s holiday, but fell 3% in early Tuesday morning trading.

Hong Kong-listed stocks of Chinese tech companies have fallen, Tencent While decreasing by 3.55% Alibaba Shed 6%, NetEase It fell 3.54%. The Hang Seng Index fell 5.11%.

Technology stocks in other parts of Asia Pacific also fell in trading on Tuesday morning. This reflects the loss after the Nasdaq Composite fell 4.29% overnight to 11,623.25.

Japanese conglomerate stocks on Tuesday morning Softbank Group It decreased by 4.61%. South Korean cocoa was down 2% and Krafton was down 2.98%.

In the wider market, Shanghai Composite It fell by more than 1% in mainland China Shenzhen component 1.661% dip.

The Nikkei 225 Japan’s share fell 1.86% FAST RETAILING It fell by more than 2%. The Tokyo Stock Price Index fell 1.74%.

Korean Kospi Decreased 1.85% S & P / ASX 200 It fell 2.27% in Australia.

MSCI’s widest non-Japanese Asia Pacific stock index fell 2.22%.

“The Red Sea swallowed most of the major risk assets overnight,” an analyst at OCBC Treasury Research said in a note on Tuesday. “Today’s Asian market may begin with a cautious move following the blow on Wall Street last night.”

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Other major Wall Street indices also suffered significant losses overnight, with the S & P 500 down 3.2% to 3,991.24, below the 4,000 level for the first time in over a year. The Dow Jones Industrial Average fell 653.67 points (1.99%) to 32,245.70.

Currency and oil

The US dollar indexTracked a greenback against a basket of another company in the same industry, which was 103.663. This is outside the recently seen level above 103.8.

The JPY It traded at 130.18 per dollar, stronger than the level above 130.5 seen against yesterday’s greenback. The Australian dollar After a drop from over $ 0.72 last week, it struggled to recover to $ 0.6921.

Oil prices were low on the morning of Asian trading hours on international benchmarks Brent crude oil futures It fell 2.21% per barrel to $ 103.58. US Crude Oil Futures I flowed from 2.2% to $ 100.8 per barrel.

Asian tech stocks fall, Hong Kong’s Hang Seng Bank falls nearly 3%

Source link Asian tech stocks fall, Hong Kong’s Hang Seng Bank falls nearly 3%

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