Stock market: Asia weak with Evergrande, expectations for US inflation

A hip hop song for the first 5 months of permanent presence at Gkn (ANSA)

(ANSA) – MILAN, DEC 10 – Negative Asian and Pacific markets, conditioned by losses on Wall Street, by expectations for the release of US inflation and, above all, by the ‘limited default’ assigned by Fitch to Evergrande and Kaisa, the two real estate developers in crisis.

In this context, Tokyo closed down by one percentage point with the Nikkei 225 index, while Hong Kong lost 0.8% with the Evegrande stock which lost more than two percentage points. With operators who also look to the International Monetary Fund, which has calculated a worldwide damage from Omicron for about 3.5 trillion dollars and warned that the accommodative policy of the central banks can no longer last much longer, on parity the Chinese lists, while Seoul it concluded down 0.6% with the technology group index losing 1.1%.

Sidney down 0.4% in the end, with futures on the start of European markets all slightly negative. (HANDLE).


Source From: Ansa

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