(ANSA) – MILAN, MAY 10 – Asian stock exchanges are down, to the levels of July 2020, with fears of inflation and rate hikes, which would be accompanied by a credit squeeze. Japan closed with the Nikkei down by 0.5% (with Sony at -3.1% for the quarter below expectations), Hong Kong by 2.2%, with the thud of some stocks, such as Alibaba (-5, 1%), Korea by 0.5%, while Shanghai, with trading still open, rises by almost 0.8%, despite the lockdown being further tightened to combat Covid 19. Especially heavy technology.
The macroeconomic data expected on the day include industrial production in March in Italy and the Zew index in Germany in May. From the US, speeches by Fed members are scheduled, while for the ECB that of Bundesbank president Joachim Nagel, on pandemic and geopolitics. (HANDLE).
Source: Ansa
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