December 7, 2022

Brighton Journal

Complete News World

Stocks fell, and the Japanese yen approached 150 against the dollar

Stocks fell, and the Japanese yen approached 150 against the dollar

An employee working for the Tokyo Stock Exchange (TSE), operated by the Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, January 13, 2022.

Toru Hanai | Bloomberg via Getty Images

Shares in the Asia-Pacific region traded lower on Thursday as economic concerns weighed.

The Hang Seng Index In Hong Kong it is down 2.42% after falling briefly by 3%, hitting its lowest level since May 2009. Hang Seng Tech is down 3.42% in the lunch break.

Kelvin Tay, UBS’s chief regional investment officer, said the sharp drop in Hong Kong markets was due to the “unprecedented government silence on key economic indicators”.

“This is largely due to concerns about the economic outlook and the escalation of COVID-19 cases in the middle of the party congress in Beijing,” he said.

in Japan , Nikkei 225 It lost 1.38% and the Topix fell 0.91%. The S & P / ASX 200 In Australia it fell 1.35%.

Mainland China Shanghai boat 0.39% Shenzhen Component It decreased by 0.602%.

South Korea Cosby The KOSDAQ Index is down 1.6% and the KOSDAQ Index is down 2.11%. MSCI’s broadest index of Asia Pacific shares outside Japan fell 1.72%.

The Maritime yuan It touched a record low against the dollar overnight, and fell to 7.2745 per dollar. It was last traded at 7.2612. The Japanese Yen It reached a new 32-year low of 149.95 against the dollar.