Ibovespa caught in the scare today: Asia closes mixed with high interest rates in Australia; understand the day

Australia raises interest rates above expectations and causes mixed sentiment among Asian stocks. See the scenario for the Ibovespa this Tuesday. (Image: Reuters/Daniel Munoz)

O Ibovespa (IBOV) fell and closed against the markets yesterday and this Tuesday (7), it seems, will have to fight not to be on the fence with the cloudier scenery observed at the closing of the asian stock exchanges.

The region’s equity markets closed between losses and gains today, echoing the hike in interest rates by the central bank of Australia at a rate higher than expected by investors.

In response, in Hong KongO Hang Seng dropped 0.56% to 21,531.67 points.

At China continental, the index Shanghai Composite (listed in Shanghai) had a slight increase of 0.17% for 3,241.76 points, while the CSI 300 (operated in shenzhen) rose 0.31% to 4,179.13 points.

Over-the-counter interest in Australia

Australia has raised its basic interest rate by 50 basis points, reaching the level of 0.85% per year.

Analysts expected the Reserve Bank of Australia raise the rate by just 25 basis points or 40 basis points, according to research by Reuters.

The unexpected movement by the market provoked the most varied feelings among investors, but what was seen in general in the closing of the Asia on Tuesday was a greater level of caution hanging in the air.

Asian stock markets today (07/06/2022)

Check out the performance of the main stock markets in the region:

At the JapanO Nikkei 225 rose 0.1% with 27,943.95 spots.

In TaiwanO Taiex fell 0.56% with 16,512.88 points.

At South KoreaO kospi plummeted 1.66% with 2,626.34 spots.

At AustraliaO ASX 200 ceded 1.53% with 7,095.70 spots


O Money Times publishes informative articles of a journalistic nature. This publication does not constitute investment advice..

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Source: Moneytimes

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