Asian stocks closed without a single direction on Tuesday (12), with Chinese rebounding after signs of easing in restrictions motivated by a new wave of Covid-19 and others retracting before the publication of new US inflation data.
In mainland China, the Shanghai Composite index rose 1.46% to 3,213.33 points, and the less comprehensive Shenzhen Composite rose 1.81% to 2,047.88 points, reversing some of the robust losses from the previous session.
According to Oanda analyst Jeffrey Halley, the improvement in mood came after the city of Shanghai relaxed some measures to combat Covid-19 for about half of the population.
In Hong Kong, the Hang Seng was also in the blue today, up 0.52% to 21,319.13 points.
On the other hand, the Japanese Nikkei dropped 1.81% in Tokyo, to 26,334.98 points, the South Korean Kospi dropped 0.98% in Seoul, to 2,666.76 points, its lowest level in a month, and the Taiex recorded a drop of 0.34% in Taiwan, to 16,990.91 points.
A cautious tone prevailed in parts of Asia before the US released its latest consumer inflation (CPI) figures in mid-morning.
The persistence of high prices, which worsened with the war between Russia and Ukraine, has led the Federal Reserve (Fed, the American central bank) to signal that it intends to accelerate the withdrawal of monetary stimulus in the coming months.
In Oceania, the Australian stock market ended the session lower, with losses led by shares in the health and technology sectors. The S&P/ASX 200 is down 0.42% in Sydney at 7,454.00.
Source: CNN Brasil
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