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    Stock market: Asia closes in contrast, Chinese data weighs on

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    (ANSA) – MILAN, MAY 16 – Asian stock exchanges closed in no particular order, with investors looking at the effects of the war in Ukraine on the global economy. China weighs on the markets, after the release of a series of macroeconomic data.

    Attention remains high on the evolution of the anti-Covid lockdown decided in Shanghai, China. The trend in the prices of raw materials, especially gas and raw materials, was also in the spotlight.

    Positive closing for Tokyo (+ 0.45%). On the currency front, the yen is once again gaining ground against the dollar, trading just below a level of 129, and against the euro at 134.10. While trading is still underway, Shanghai (-0.47%) and Shenzhen (-0.39%), Seoul (-0.29%) are down, while Mumbai (+ 0.39%) is positive, while Hong Kong is flat ( + 0.07%).

    On the macroeconomic front, the spring economic forecasts are coming from the European Commission. The Ny Fed Empire Manufacturing Index is forecast from the United States and is expected to decline in May. Net purchases of financial assets in the first quarter are also expected. (HANDLE).

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    Source: Ansa

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