Hong Kong stock exchange gains over 24 points
ANKARA (AA) – Major stock markets in Asia closed on Monday on a mixed note with investors concerned about the implications of rising energy prices and the risks posed by the Chinese financial system.
While the Chinese government has issued warnings to some of the country’s provinces on their energy use, the continuing efforts to regulate the economy continue to raise uncertainty.
While the risks surrounding Chinese real estate developer Evergrande continue, investors were worried that the crisis could spread to other firms in the sector.
On the other hand, the failure so far to secure approval for a bond issuance for Evergrande’s electric vehicle production division may further increase the liquidity problems.
The Asia Dow, which includes blue-chip companies in the region, gained 0.06% or 2.29 points to stand at 3,934.
Tokyo’s Nikkei 225 stock exchange fell 8.75 points, or 0.03%, to 30,240 while the Hang Seng, the benchmark for blue-chip stocks trading on the Hong Kong stock exchange, went up 16.62 points, or 0.07%, to 24,208.
China’s Shanghai stock exchange decreased 30.24 points, or 0.84%, to 3,582.