The major indexes dragged Asian stocks in red


Chinese stocks today slipped the deepest in Asia’s major stock markets today, pushing the regional market into the red.

China’s Shanghai Composite Index decreased by 1.51% in the afternoon session of January 26. Photo: AFP

On the Hong Kong market, the Hang Seng index fell 2.55% to 29,391.26 points. Notably, shares of Tencent Technology Group listed in Hong Kong “evaporated” 6.26%, while shares of food delivery empire Meituan also lost 5.3%.

Mainland Chinese stocks were also in red this afternoon, with the Shanghai Composite Index falling 1.51% to 3,569.43 points, while the Shenzhen Component slipped 2.27% deeper to 15,352.42 points.

The Korean market also closed in the red today, with the Kospi falling 2.14% to 3,140.31. In Japan, the Nikkei 225 index closed at 28,546.18 points, down 0.96%, while the Topix index slipped 0.75% to 1,848 points.

In the minutes of the December 2020 policy meeting that was just announced, the Central Bank of Japan said that this agency would not hesitate to take measures to relax depending on the impact of the Covid-19 epidemic.

“Most members of the Central Bank of Japan agree that, for interest rate policy, this agency intends to keep the current short and long-term lending rates or lower,” said the minutes. stated meeting.

Australian and Indian stocks closed for a holiday today. The MSCI Asia-Pacific Index (excluding Japan) fell 1.72% today.

Shares of Apple suppliers in Asia were mixed today after shares of the Silicon Valley tech giant peaked last night.

On the Japanese market, shares of producer Murata Manufacturing and Taiyo Yuden rose 0.66% and 1.49%, respectively. In contrast, the Taiwanese market recorded Foxconn shares slipping 0.81 percent while chipmaker TSMC’s shares fell 2.53 percent.

Meanwhile, shares of LG Display in Korea jumped 2.34% today, while shares of AAC Technologies on the Hong Kong exchange lost 3%.

On the Covid-19-resistant vaccine front, Moderna said on January 25 that the pharmaceutical company is looking to increase the dose of Covid-19-resistant vaccine to deal with the newly discovered strain in South Africa. Moderna’s researchers confirmed its current vaccine seems to be able to withstand two high-risk strains found in the UK and South Africa.

The US stock market last night recorded opposing nuances. While the S&P 500 index closed to a new level with 3,855.36 points after rising 0.4% and the Nasdaq Composite also peaked as it rose 0.7% to 13,635.99, the Dow Jones Industrial Average. lagging back with a decrease of 36.98 points to 30,960.

The money market continued to see the greenback weakened. The US dollar index against other major currencies fell to 90,496, after hitting 90,613. The Japanese Yen also depreciated and converted 103.77 JPY / USD, compared with the usual 103.5 JPY / USD level in the previous week. Similarly, the Australian dollar weakened and turned 1 AUD / 0.768 USD, from 1 AUD / 0.772 USD set yesterday.

Oil prices on the Asian market decreased this afternoon. Futures price Brent oil slipped 0.39% to $ 55.66 / barrel, while the US crude futures price fell 0.44% to $ 52.54 / barrel.

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