Monday , January 30 2023

Asian stock markets continue to decline


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Asian stock exchanges have dwindled in the aftermath of automotive industry and pessimism in the stock market.

The Heng Seng Index has dropped by 1.33% to 25,619.86 points on Wednesday, while Shanghai's leading index reached 0.69%, reaching 2 619.82 points.

In Japan, stock exchanges were opened with red numbers. Nikkei's index rose 1.49 percent to 21,261.66 points, and the soil index dropped to 1,600,06 points up to 1,58 percent.

Experts of the capital economists estimate that the next quarter will reduce as a result of the downturn in technological growth in China and the United States. Wall Street also has a sharp drop in the last 24 hours.

"As a result of the natural cycle in the IT sector, we are reminded that the sector's growth will be difficult for a long time," Capital Economist said.

Experts also point out that Carlos Gosn, the chairman of the Renault-Nissan-Mitsubishi Alliance, ceased to be one of the reasons for the fall in the stock market. Gosn was arrested in Tokyo and was suspected of being a chairman of a financial crime.

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