Kopsi und CSI 300: US-Zwischenwahlen im Fokus – Anleger in Asien agieren vorsichtig
Anleger zeigen sich vor den Zwischenwahlen in den USA sowie weiteren Quartalszahlen großer US-Tech-Konzerne zurückhaltend. Die Aktien der Chip-Hersteller verlieren.
Asian investors are staying cautious ahead of the U.S. midterm elections scheduled for Tuesday. The Japanese markets were closed due to a holiday. ING analysts noted, "Tuesday is just a day before a more important one." By Wednesday, the market should provide some guidance on the impact of the midterm elections.
In Seoul, the selling of technology stocks on Wall Street has pushed down prices. Samsung Electronics' shares fell by 3.17 percent, while SK Hynix's dropped 4.14 percent. Other heavyweights among the losers include LG Energy Solution, which fell by 3.51 percent, and Hyundai Motor and Kia, which fell by 3.57 percent and 1.25 percent, respectively.
Caution prevails on Chinese exchanges as well. Chinese regulators announced measures on Monday to stabilize capital markets, including swap trades and a credit facility for stock buybacks by listed companies. However, according to Chen Jiande, a fund manager at Fujian Tianlang Asset Management Co., "These measures fell short of expectations."
Many investors in struggling tech stocks are using every recovery to exit. The broad MSCI index for Asian stocks outside Japan fell by 0.9 percent. The South Korean exchange lost 3.8 percent, with the Kospi index down by 2.72 percent to 5,700 points. The CSI-300 index, comprising the 300 largest Chinese companies on mainland exchanges, remained almost unchanged at 4,014 points.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
