Asia’s main stock markets were already in traditional opposition on Wednesday. While stock exchanges in Hong Kong and Shanghai weakened, Tokyo and Seoul headed higher.
The Shanghai Stock Exchange’s aggregate index weakened 0.76 percent in the middle of the week. The CSI300 index, which includes the most attractive titles, then lost almost a full percentage. The stock market was dragged down by health and technology titles, which wrote off nearly two percent. The technology slump has also been a sign of a weakening of China‘s smaller stock exchange in Shenzhen. She lost more than a percent.
Wednesday’s trading in Hong Kong was similar. The Hang Seng composite index weakened 0.58 percent, while the Subindex of Chinese firms lost 0.35 percent. Health care stocks (up two percent) and technology (up one percent) also fell the most.
Stock exchanges in Seoul, South Korea, and Tokyo, Japan, went in exactly the opposite direction. Seoul’s KOSPI index closed 0.07 percent stronger than a day earlier. At the same time, it rose as much as 0.6 percent on Wednesday. Tokyo’s Nikkei index added nearly half a percent. Both Seoul and Tokyo grew thanks to technology, and airlines and automakers joined in Tokyo.
