From Sydney, New South Wales, Australia-A stock wholesale in the Asian market on Friday hit the tech sector the hardest.
The stock markets in Hong Kong and mainland China have spent a week under pressure after China introduced regulatory reforms specifically targeting a small number of sectors, including technology companies.
Nomura analysts Ziaron Shee and Thomas Shen said in a Thursday report, “We expect the overall regulatory environment to remain harsh this year, but recent sales are a good entry point for long-term investors. I believe it will be. ” As reported by CNBC..
“We believe the Internet industry is safe and healthy, with enough elasticity and adaptability to survive the current regulatory storm,” they said. “Second quarter earnings results.
At the closing price on Friday, the Nikkei 225 in Tokyo fell 498.83 points or 1.80 percent at 27,283.59.
China’s Shanghai Composite Index fell 14.37 points (0.42%) to 3,397.36.
In Hong Kong, the Hang Seng Index rose 379.74 points (1.44%) to 25,935.58.
All Australia’s normally lost 31.00 points or 0.40 percent to 7,664.20.
The US dollar continued to be under pressure after it was sold overnight. However, currencies did not move much in Asia and were traded in a narrow range. The euro did not move at 1.1895 and the British pound was 1.3971. The Japanese yen was 104.49 yen and the Swiss franc was 0.9059 yen.
The Canadian dollar was stable at 1.2438. The Australian and New Zealand dollars have changed slightly at 0.7395 and 0.7011, respectively.
Overnight on Wall StreetThe Dow Jones Industrial Average rose 153.40 points (0.44%) to 35,084.33.
The Nasdaq Composite Index rose 15.68 points (0.11%) to 14,778.26.
The Standard and Poor’s 500 added 18.49 points or 0.42 percent to 4,419.13.
Asian stock exchange collapses, Nikkei 225 falls by nearly 500 points
Source link Asian stock exchange collapses, Nikkei 225 falls by nearly 500 points