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Hong Kong’s Hang Seng index drops more than 2% in mixed Asia trading; oil prices fall 3%

From cnbc.com

Shares in Asia-Pacific were mixed in Monday morning trade as investors monitor a Covid wave in China. Meanwhile, oil prices continued to be volatile amid the Russia-Ukraine war. Hong Kong’s Hang Seng index dropped 2.77% in morning trade as shares of Chinese tech heavyweight Tencent fell 3.43%. Mainland Chinese stocks were also lower, with the Shanghai composite down 1.5% while the Shenzhen component shed 1.46%. In Japan, the Nikkei 225 climbed 1.03% while the Topix index advanced 0.97%. The S&P/ASX 200 in Australia gained 1.07%. South Korea’s Kospi lagged, dipping 0.54%. MSCI’s broadest index of Asia-Pacific ... (full story)

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  • Category: Fundamental Analysis