December 10, 2022

China's markets returned to trade, and the Hang Seng Index fell

China’s markets returned to trade, and the Hang Seng Index fell

China and Hong Kong flags flutter as screens display the Hang Seng index outside the Exchange Square complex, which houses the Hong Kong Stock Exchange, on January 21, 2021 in Hong Kong, China.

Zhang Wei | China News Service via Getty Images

Shares in the Asia-Pacific region fell on Monday, with Hong Kong shares losing ground.

The Hang Seng Index It is down more than 2% in early trade, with Hang Seng Tech down 3.17%.

in mainland China, Shanghai boat He lost 0.39% when he returned to trading after the Golden Week holiday and Shenzhen Component It decreased by about 1%. The S & P / ASX 200 It was 1.63% lower.

Markets in Japan, South Korea, Taiwan and Malaysia are closed for holidays on Monday.

Later this week, the Bank of Korea will announce its decision on the benchmark interest rate, Singapore is due to release its third-quarter GDP estimate, and China is to release inflation data.

The Taiwanese semiconductor manufacturer and Japan’s Fast Retailing will report earnings and the US will release inflation data for September.

On Friday in the US, major stock indexes fell more than 2% after data showed the unemployment rate fell in September, raising concerns that the Federal Reserve will continue to raise rates aggressively.