Japanese stocks suffer the most losses in Asia as risk aversion prevails

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Last Updated on July 17, 2022 by Bitfinsider

The Topix index in Japan slid 1.64 percent to 1,883, while the Nikkei 225 fell 1.77 percent to settle at 26,336.66.

Stocks of companies involved in technology, such SoftBank Group and Fanuc, dropped 4.28 percent and 4.54 percent, respectively.

In late afternoon trade, the Hang Seng index in Hong Kong fell 1.13 percent, while the Hang Seng Tech index fell 1.88 percent. BYD, a Chinese electric vehicle manufacturer, saw a more than 9 percent decline in its Hong Kong-listed shares, and giant Alibaba lost almost 5 percent.

Mainland Fears of strict Covid regulations put China’s markets on track for two days of falls. Shenzhen Component down 1.41 percent to 12,439.27, while the Shanghai Composite fell 0.97 percent to 3,281.47.

The Kosdaq fell 2.12 percent to 750.78, and the Kospi fell 0.96 percent to close the day at 2,317.76 in South Korea.

S&P/ASX 200 in Australia was just over its flat line.

The largest MSCI index of Asia-Pacific stocks outside of Japan fell 1.21 percent.


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Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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