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Stock market: Asia closes down, amid fears about the economy and Russia

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(ANSA) – MILAN, MAY 09 – Asian stock exchanges closed sharply with investors looking at the slowing global economy. The tension on government bonds also weighs on the markets after the Fed’s rate hike and in view of the next moves by the ECB. Attention remains on the war in Ukraine as Putin’s speech is awaited at the Victory Day parade.

Tokyo fell sharply (-2.53%). On the currency front, the yen is increasingly weaker against the dollar, exceeding the value of 131, and against the euro at 137.70. With negative negotiations still in progress Shanghai (-0.35%), Shenzhen (-0.08%), Seoul (-1.26%) and Mumbai (-0.68%). Hong Kong closed for holidays.

On the macroeconomic front, the data on wholesale sales are arriving from the United States. (HANDLE).

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Source: Ansa

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