Major stock markets in Asia were mixed on the 8th. Major indexes closed higher on the Tokyo Stock Exchange.
On the Tokyo Stock Exchange, the Nikkei 225 index closed at 26,985.80, up 0.36 percent from the previous trading day. It rose in three trading days. The Topix index also closed at 1896.79, up 0.21 percent from the previous session. Topics rose in four trading days.
Stock prices rose in the Tokyo stock market on the same day due to the influx of repulsive buying. However, the increase was limited as vigilance over the U.S. interest rate hike was deeply rooted.
A Japanese securities strategist told the Nihon Keizai Shimbun, “There is a deep sense of caution over the U.S. Federal Reserve’s active push for financial tightening. Investors were not sure if the stock price would rise in the future, he said.
Chinese stocks opened slightly higher on policy expectations such as financial easing on the same day, but continued to fluctuate due to concerns over economic deterioration as Shanghai’s blockade continued due to the spread of COVID-19.
Mainland China’s Shanghai Composite Index closed 0.33 percent higher at 3,247.33.
Bloomberg reported that technology stocks fell for the third day in China due to Tencent Holdings’ move to close its game streaming service.
Taiwan’s Zachien index closed at 17,284.54, up 0.62 percent from Thursday’s close. Hong Kong’s Hang Seng Index was trading at 21,775.15 as of 2:51 p.m. local time, down 0.16% from the previous day.
