Such Asian markets pared some of yesterday’s high gains in early Friday trading. The weak template from the USA in particular dampened the buying mood of Asian investors. Japan’s leading index, the Nikkei 225, fell by 2.4 percent to 25,064.74 points by the lunch break, and the Topix by two percent to 1793.69 points. The stock exchanges in South Korea, China and Hong Kong followed the trend.
The Shanghai Composite Index lost 1.4 percent at times, and the Hong Kong Hangseng Index even lost more than three percent. The Japanese business daily Nikkei reported that concerns are not only spreading in China about the negative economic fallout from the Ukraine war, but also about a sharper confrontation between the USA and China. Only the Singaporean Straits Times Index was quoted at the previous day’s level in the morning.
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