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Asian equities: Japan and China weaken – Hong Kong and Australia closed

Monday, 12/27/2021 9:06 AM from

dpa-AFX

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Asia on a globe (symbolic image). pexels.com

TOKYO / HONG KONG / SHANGHAI / SYDNEY (dpa-AFX) – The trading activity on Asia’s stock exchanges is very manageable at the beginning of the last week of the year. While Japan and China posted moderate losses on Monday, the stock exchanges in China’s Hong Kong SAR and Australia remained closed. Current economic data had no discernible influence on the courses. The news that China recorded the highest number of new local corona cases this year on Monday also left investors cold.

Tokyo’s leading index Nikkei 225 ultimately lost 0.37 percent to 28,676.46 points. For the CSI 300 , which includes mainland China’s top 300 companies, fell 0.04 percent to 4919.32 points.

Japanese retail sales growth accelerated from 0.9 percent in October to 1.9 percent in November. China’s industry, meanwhile, reported growth of nine percent for the past month, a significant slowdown from October’s 24.6 percent. For the first eleven months of the year, however, growth is still 38 percent.

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