Disappointment in the form of slower-than-expected growth in industrial production and retail sales in China has led to declining stock exchanges in both Shanghai and Hong Kong. Shares also went down in Tokyo, where they did not resist concerns about the effects of the unfavorable development of the coronavirus epidemic.
The main index of the Shanghai Stock Exchange CSI300 closed Monday’s trading 0.1 percent weaker. It was pulled down mainly by industrial and mining stocks, which depreciated by 1.11 and 2.83 percent. The Shenzhen Stock Exchange closed 0.63 percent lower as technology stocks pushed it down.
A similarly bad mood prevailed in Hong Kong. Here, the aggregate Hang Seng index weakened by 0.8 percent, which was mainly due to the information technology sector and the sub-index monitoring the development of Chinese companies. In both cases, worse-than-expected data on Chinese industry and retail sales emerged.
The Tokyo Nikkei index lost 1.62 percent to an end on Monday, the deepest one-day decline since the end of July. Japan is plagued by the dismal development of the coronavirus epidemic, which remains strong, mainly due to the slow pace of vaccination. The region was thus saved by India, where they strengthened by 0.26 percent on the Mumbai Stock Exchange. This was due to the shares of companies that mine and process industrial metals.
