Thursday , January 28 2021

Asian markets continue to decline

The Hang Seng index fell 1.33 percent to 25,619.86 points at the opening on Wednesday, while the Shanghai Shanghai index fell 0.98 percent to 2,619.82 points.

Also in Japan, stock exchanges opened in red numbers. The Nikkei index fell 1.49 percent to 21.261.66 points, while the higher Topix index fell 1.58 percent to 1.600.06 points.

Capital Economist analysts believe that the technology sector will lag behind in the upcoming quarter as a result of low growth prospects in both China and the United States. Also on Wall Street, there has been a sharp decline in the past 24 hours.

“As a result of the natural cycle in the IT sector, we have long warned that the growth of the sector will be very difficult, because the conditions are now,” said Economist.

Analysts also point to the termination of Chairman Carlos Gonn at the Renault-Nissan-Mitsubishi Alliance as one of the reasons for the decline of the stock market. Ghosn was arrested in Tokyo, suspected of having committed financial crimes in the role of chairman.

(© NTB)

Source link