empty
21.01.2022 03:51 PM
Asian stock markets tumble due to high inflation

This image is no longer relevant

Asian stock market indexes went down during today's session. The Shanghai Composite lost 0.84%, the Shenzhen Composite declined by 1.19%, and the Hang Seng Index decreased by 0.64%. South Korea's KOSPI and Japan's Nikkei 225 fell by 1.38%.

The sell-off was triggered by Japan's inflation data, which was released on Friday. Consumer prices in Japan increased by 0.8% in December 2021 compared to November's increase of 0.6%, reaching a 2-year high. Month-over-month, the inflation rate remains at 0.1%.

On the Nikkei 225, the stocks with the biggest losses were Tokyo Electron, Ltd. (-6.6%), Advantest Corp. (-4.4%), Mitsubishi Motors Corp. (-5%), and Mazda Motor Corp. (-4.7%). Shares of Toyota Motor Corp. lost 2.8% due to supply issues. The company was forced to halt production at 11 factories due to a parts crunch, cutting its output by 9 million vehicles.

Investors are also concerned by a record high increase in COVID-19 cases. The total daily number of infections has reached 3.7 million. A continuously high spread of the coronavirus would force governments to enact new quarantine measures, putting pressure on economic growth.

On the Hang Seng Index, Alibaba Group Holding, Ltd. and Netease Inc. were the worst performing stocks, losing 5.3% and 4.2% respectively. Shares of PetroChina Co., Ltd. lost 3% on falling crude oil prices.

The government of South Korea is planning to spend an additional $12 billion this year to support small and medium-sized businesses battered by the pandemic.

On the KOSPI, the stocks with the biggest losses were Kia Corp (-1.7%), Hyundai Motor Co. (-1.2%), Samsung Electronics Co. (-1.8%), and LG Corp. (-0.8%).

In Australia, shares of BHP Group, Ltd. and Rio Tinto, Ltd. fell by 4.8% and 4.1% respectively.

Anastasia Kravtsova,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Wall Street surges: Nasdaq soars 2.74% as tech stocks drive market higher

Procter & Gamble and PepsiCo fell after cutting forecasts, while Hasbro and ServiceNow jumped following their earnings reports. March durable goods orders surged more than expected. Alphabet beat revenue expectations

12:52 2025-04-25 UTC+2

US Market News Digest for April 25

US stock indices closed higher for the third straight session, buoyed by a sharp rally in the technology sector. The Nasdaq surged 2.74%, driven by strong earnings reports from companies

Ekaterina Kiseleva 11:42 2025-04-25 UTC+2

Wall Street on the rise: Nasdaq soars 2.74%, tech leads market higher

Procter & Gamble, PepsiCo fall after forecast cuts Hasbro, ServiceNow jump after results March durable goods jump more than expected Alphabet beats revenue estimates, shares rise after hours Asian markets

Thomas Frank 07:15 2025-04-25 UTC+2

Earnings parade: From Adidas sneakers to Boeing jets, quarterly reports push the market

Indices up: Dow 1.07%, S&P 500 1.67%, Nasdaq 2.50% Bessent calls US-China tariffs unsustainable, Trump open to talks Tesla, Boeing rise after quarterly results European stocks fall as investors weigh

Thomas Frank 13:15 2025-04-24 UTC+2

US Market News Digest for April 24

US stock indices, including the S&P 500 and Nasdaq 100, posted solid gains on optimism about progress in trade negotiations. Despite the lack of a clear position from the White

Ekaterina Kiseleva 11:05 2025-04-24 UTC+2

Trump acts, markets react: Nikkei up 2%, USD rallies

The Nikkei surged more than 2%, S&P 500 futures extended their rally, and the dollar jumped after US President Donald Trump said he has no plans to fire Fed Chairman

12:35 2025-04-23 UTC+2

US Market News Digest for April 23

The US market is showing renewed signs of instability. Positive signals about a potential de-escalation in the trade conflict with China are fueling hope, but experts warn against excessive optimism

Ekaterina Kiseleva 12:17 2025-04-23 UTC+2

Trump says markets react: Nikkei up 2%, dollar strengthens, China awaits outcome

Nikkei jumps more than 2%, S&P 500 futures continue rally Dollar jumps as Trump says he has no plans to fire Powell Hopes for China tariff easing, but no deal

Thomas Frank 10:52 2025-04-23 UTC+2

US Market News Digest for April 22

The S&P 500 and Nasdaq 100 continue to slide as mounting concerns over slowing economic growth and the impact of trade tariffs weigh on sentiment. The market remains volatile, with

Ekaterina Kiseleva 11:13 2025-04-22 UTC+2

Trump, Fed, and gold at $3,000? Markets respond to alarming signals

Investors are worried about the Fed's independence under Trump. US assets are falling, and the dollar is at a three-year low against the euro. Safe-haven currencies like

11:46 2025-04-21 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.