Asia-Pacific mostly lower as China relaxes COVID controls

Wednesday, 07. December 2022 07:17

Major stock markets in Asia-Pacific traded mostly lower on Wednesday as China relaxed its COVID policy. Earlier, the National Health Commission said that cross-region travelers no longer need to show a negative test result.

In other news, China's General Administration of Customs announced today trade surplus decreased in November. According to the office, the figure stood at $69.8 billion to reach its lowest level since April.

Japan's Nikkei 225 went down by 0.72%, while Australia's S&P/ASX 200 lost 0.85% at the close of their trading sessions. South Korea's Kospi decreased by 0.50% at 7:12 am CET.

In mainland China, the Shenzhen Composite gained 0.07% at 6:59 am CET, while the Shanghai Composite fell 0.68% at 7:14 am CET. At the same time, Hong Kong's Hang Seng dropped 1.16%. The dollar went up by 0.45% compared to the Japanese yen at 7:15 am CET, trading for ¥137.59050.

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Author:
Baha Breaking News (BBN) / JG