Asian stocks are falling except for Australia as concerns over an economic slowdown rise rapidly.
Asian stocks, which started rising mostly on the morning of the 28th, are falling all at once except for Australia in the afternoon.
As of 12:10 p.m., Japan’s Nikkei fell 0.15%, Korea’s KOSPI fell 0.18%, China’s Shanghai Composite Index fell 0.18%, and Hong Kong’s Hang Seng Index fell 0.94%, respectively.
In comparison, Australia’s ASX index is rising 0.19%.
The Hang Seng index started trading at 22,144.63, down 84.89 points from the previous day.
The H share index, which is centered on Chinese business owners listed on the Hong Kong stock market, opened at 7780.70, down 36.24 points from the previous day.
The Shanghai Composite Index started at 3377.68, which was 1.51 points behind the previous day. It reversed its decline in four trading days.
The Shenzhen Component Index started trading at 12,823.65, down 1.92 points and 0.01% from the previous day.
The start-up index centered on technology stocks opened at 2,827.35, down 3.25 points from the previous day.
The Shanghai Composite Index was trading at 3370.83, down by 8.35 points at 10:35 a.m.
The Shenzhen Component Index fell 44.51 points and 0.35 percent to 12,781.06 as of 10:36 a.m.
The start-up index also expanded its fall, falling 39.43 points and 1.39 percent to 2,791.17 at 10:37 a.m.
The Asian stock market, which started mostly higher on the day, reversed its fall because concerns over an economic slowdown have resurfaced. Concerns over an economic slowdown are rising again as central banks around the world, including the U.S. Fed, are aggressively raising interest rates.
The U.S. stock market, which closed earlier, also closed lower. Dow fell 0.20%, S&P 500 fell 0.30%, and Nasdaq fell 0.72%, respectively.
