Session mixed for Asian stock exchanges, in the wake of worrying news coming from mainland China, struggling with the worst wave of Covid infections since the beginning of 2020. The Shanghai lockdown started today, aimed at stemming the infections: half of the city will enter into lockdown starting today, March 28, until next April 1, while the other half from April 1 to 5.
Buy on the Hong Kong stock exchange – with the Hang Seng index jumping by 1.30% -: some Big Techs shine, such as Meituan, which surges up by more than + 14%, after announcing that it reported in the fourth quarter of 2021 a turnover better than expected by the consensus. Turnover stood at 49.52 billion yuan, the equivalent of $ 7.78 billion, better than the consensus estimated 49.2 billion yuan, according to data from Refinitiv Eikon. Tencent is also doing well, with an increase of almost 4%. However, other Chinese Big Techs are under pressure, such as Xiaomi and JD.com.
Among the Asian lists, the Taiwan stock market also fell, with the Taiex losing 1.65%, mainly discounting the sales on Taiwan Semiconductor Manufacturing Company. About an hour before the end of the session, the Nikkei 225 index on the Tokyo stock exchange is down about 0.40%; the Shanghai stock exchange is down about 0.13%. Sidney positive with + 0.24%, Seoul + 0.16%.