Ibovespa sees difficult day today: Shares in Asia sink with Covid-19 tying China

Ibovespa may have a complicated day if it follows the volatility of Asian stock exchanges this Wednesday. (Image: Reuters/Kim Kyung-Hoon)

O Ibovespa (IBOV) fell yesterday along with the Petroleum and global markets, losing 0.32% at 98,200 points. This Wednesday (6th), volatility should appear again and looking at the closing of the asian stock exchangesthe day can be complicated for the Brazilian index.

Actions listed on the stock markets of China turned on the warning signal with the Covid Zero policy taking over the main Chinese urban centers again, with mass testing in Shanghai.

While the barrel of Brent oil recovered part of the losses in the international market this Wednesday, the aversion movement extended through most of the stock exchanges in Asia.

Global risk aversion

In Hong KongO Hang Seng skidded 1.22% with 21,586.66 spots. The rate dropped by more than 2% during the auction.

Chinese oil stocks CNOOC dropped 4.81%, while the shares of HSBC listed in Hong Kong melted 3.54%, after the Bank of England signaled to creditors a scenario of economic deterioration.

In mainland China, the index Shanghai Composite (listed in Shanghai) fell by 1.43% with 3,355.35 points, while the CSI 300 (operated in shenzhen) yielded 1.46% with 4,423.97 points.

Asian stock markets today (05/07/2022)

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

At the JapanO Nikkei 225 retreated 1.2% with 26,107.65 spots.

In TaiwanO Taiex sank 2.53% with 13,985.51 points.

At South KoreaO kospi plummeted 2.13% with 2,292.01 spots.

At AustraliaO ASX 200 lost 0.5% with 6,594.50 spots.

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Source: Moneytimes

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