Nikkei, Yen, Hang Seng: Asian stock markets are largely falling - tech stocks weigh and oil price drops
Asian stock markets are mostly starting the week on a weaker note. Concerns about high interest rates and weak Chinese domestic demand are weighing on markets - oil prices are falling.
Asian stock markets mostly fell on the first day of the week, ahead of key central bank meetings and corporate earnings reports. In Tokyo, the Nikkei-Index dropped 0.8% to 62,190 points, led by weak tech stocks, while the Topix index remained nearly unchanged at 3,973 points. Chinese markets also saw declines, with the Shanghai stock exchange down to 3,698 points and the CSI-300-Index closing largely unchanged at 4,104 points.
Analyst Satoshi Saito of Monex Securities noted that the Nikkei showed signs of short-term technical undervaluation. Energy stocks, including Inpex, JGC Holdings, and Mitsubishi, were among the few gainers.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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