(ANSA) – MILAN, APRIL 27 – Negative session for the main Asian stock exchanges with the exception of the Chinese lists, which hold on to the promise by Chinese President Xi Jinping of new infrastructure projects, in what appears to be the latest move by the government of Beijing to support the country’s economy, severely tested by the strategy to combat the pandemic.
Tokyo closed down 1.2%, Seoul 1.6% and Sydney 0.8% on fears over the effects of the pandemic and war on economic growth and prices as monetary tightening adds further concern. . Hong Kong rose slightly (+ 0.3%) while Shanghai (+ 2.1%) and Shenzhen (+ 3.5%). Risk aversion is pushing the dollar, with the Bloomberg spot index at its two-year high, while the euro retakes its lows since April 2017, with the single currency trading at 1.6017. On the other hand, government bonds, including US Treasuries, whose yields rose by six basis points to 2.78%, fell.
On the energy front, natural gas flies after Gazprom cut off supplies to Poland and Bulgaria, guilty of not having paid methane in rubles. Oil also rose by about half a percentage point, with WTI at 102.1 and Brent at 105.7 dollars. (HANDLE).
Source: Ansa
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