Reopened after Tet, Shenzhen Component lost 1.22%


After a long Lunar New Year holiday, mainland Chinese stocks this morning 18/2 traded again as Asian markets sank in red.

China’s Shenzhen Component Index fell 1.22% on the first trading day after the Chinese New Year. Photo: AFP

Before the closing time of the first trading day after the Lunar New Year holiday, the mainland Chinese stock market received contradictory developments. The Shanghai Composite Index edged up 0.55% to 3,675.36 points, while the Shenzhen Component lost 1.22% to 15,767.44. On the Hong Kong market, the Hang Seng Index plunged more than 1%, up to the end of trading hours.

Japanese stocks were also in the red when the Nikkei 225 index closed 0.19% down to 30,236.09 points, while the Topix index fell 1% and ended the trading day with 1,941.91 points.

The red color also surrounded the Korean stock market with the Kospi index slipping the deepest among the major stock indexes of Asia with a drop of 1.5% to 3,086.66 points.

In Australia, the S & P / ASX 200 index closed less volatile compared to the previous session and stood at 6,885.90 points. Overall, the MSCI Asia-Pacific (excluding Japan) slipped 0.8%.

Unemployment rate January in Australia it fell to 6.4%, according to seasonally adjusted estimates released by the Australian Bureau of Statistics on February 18. Previously, this rate reached 6.6% December.

On the US stock market, the Dow Jones industrial average last night continued to keep gaining momentum by 90.27 points to 31,613.02. At the previous session, Dow Jones closed to the top with 31,522.75 points after increasing over 64.35 points. In contrast, the S&P 500 continued to slide slightly and ended the session with 3,931.33 points, while the Nasdaq Composite still fell 0.58% to 13,965.50 points.

Oil prices on the Asian market this afternoon continued to increase. Futures Brent crude oil futures edged up 0.89% to $ 64.91 / barrel while US crude futures prices rose 0.74% to $ 61.59 / barrel.

On the currency markets, the US dollar index against other major currencies today hit 90,926 after reaching below 90.3 recently. Japanese Yen today still slipped compared to the beginning of the week (105.6 JPY / USD) when converted at 105.88 JPY / USD, while the Australian dollar kept its price compared to yesterday and changed hands 1 AUD ” eat “0.7751 USD.

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