While Chinese and Indian stocks weakened in the middle of the trading week, the Hong Kong Stock Exchange was on the rise with optimism. Paradoxically, the troubles of the development company Evergrande helped her.
Shares on the Indian stock exchange in Mumbai fell from their all-time highs on Wednesday. The aggregate Nifty 50 index weakened by 0.21 percent. The main S&P BSE Sensex index fell 0.43 percent. Wednesday’s trading was relatively volatile, and the decline in Indian stocks was mainly due to the fall in banking stocks. The segment fell by two percent, the largest, four percent, fell Union Bank of India.
Bad mood was also accompanied by trading in Shanghai, where the main index lost an equal percentage, the overall index even 1.8 percent. Chinese stocks have come under pressure mainly due to the escalating energy crisis in the country. Investors have begun to get rid of industrial stocks that depend on energy supplies.
The Hong Kong Stock Exchange, on the other hand, rose as the Hang Seng Index strengthened by 0.7 percent. Paradoxically, the shares were helped by the difficulties of the Chinese developer Evergrande, who presented his plans for consolidation. Shares of financial and real estate stocks in Hong Kong added 1.7 and 2.6 percent.
