China – Japan stocks drop nearly 1% when Asian markets are in the red

The main stock indexes in the Asia-Pacific all dropped in the morning session of June 29, despite the US S&P 500 and Nasdaq Composite hitting new highs last night.

The Shanghai Composite and Shenzhen Component indexes both fell nearly 1% in the morning session of June 29. Photo: AFP

Mainland China’s stock market was in the red this morning with the Shanghai Composite index dropping 0.95%, while the Shenzhen Component index lost 0.977%. Hong Kong stocks this morning also “red floor” with the Hang Seng index down 0.77%.

In Japan, the Nikkei 225 fell 0.89% and the Topix index slipped 0.95%. South Korea’s Kospi index also fell 0.52% this morning.

Red covered Australian stocks with the S&P/ASX 200 index down 0.31%. Overall, the MSCI Asia-Pacific index (excluding Japan) dropped 0.55%.

Asian technology shares are in the spotlight of investors after Wall Street last night saw the tech-biased Nasdaq Composite index up 0.98% to close at a record high of 14,500.51 points. while the S&P 500 also gained 0.23% and closed at a record point of 4,290.61.

In contrast, the Dow Jones Industrial Average fell behind, falling 150.57 points to 34,283.27.

In the currency market, the US dollar index against other major currencies fell to 91.96, from the usual 92.1 previously seen. The Japanese yen strengthened and converted 110.53 JPY to “eat” 1 USD, compared with 110.8 JPY to 1 USD yesterday, while the Australian dollar depreciated compared to yesterday to 1 AUD. exchange 0.7556 USD.

Oil prices traded in Asia this morning fell Brent crude oil futures fell 0.48% to $74.32 per barrel while US crude futures fell 0.47% to $72.57 per barrel.