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    Stock Exchange: Asia closes down between war in Ukraine and chip crisis

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    Justice, Confsal-Unsa in the streets against the Cartabia reform (ANSA)

    (ANSA) – MILAN, 07 JUN – Asian stock exchanges closed down, weighed down by the trend in the technology sector with the microchip crisis. The war in Ukraine and the effects of sanctions against Russia on the economy remain in the spotlight. The theme of the leap in inflation dominates the markets with the trend in the prices of raw materials, especially energy ones.

    Tokyo was positive (+ 0.10%). On the currency front, the Japanese currency drops to 132.90 on the greenback, levels not seen since April 2002, and depreciates against the euro to 141.80. Hong Kong (-0.5%) and Shenzhen (-0.2%), Seoul (-1.7%) and Mumbai (-1.2%) are down. Positive Shanghai (+ 0.1%).

    On the macroeconomic front, orders to industry spread from Germany. Industrial production from Spain and the Sentix index on investor confidence from the Eurozone are on the way.

    From the United States the trade balance and the weekly change in oil inventories (API) are forecast. (HANDLE).

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    Source: Ansa

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