(ANSA) – MILAN, APRIL 12 – A further decline on the Asian stock exchanges, the lockdown in China worries the markets and with the higher interest rates in the United States the growth prospects of the region are attenuated. At the end of the session, however, the Shanghai and Shenzhen indices reversed course and rose by more than 1% together with financial stocks and dragged with them HOng Kong which rose by 0.3%. Tokyo lost 1.8 with sales on industrialists including Japan’s Fanuc and SMC in greater difficulty. Electronic chip and hardware stocks still fall alongside US technology competitors. “Investors globally are looking to put defensive stocks in their portfolios and sell cyclical stocks,” comments a strategist. Shares related to cryptocurrencies weak amid growing risk aversion.
(HANDLE).
Source: Ansa
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