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Asian stock exchanges: new crash

Shanghai closes down almost 3%, Shenzhen is worse. Tokyo was also negative

Asian stock exchanges: new crash

 Asian stock exchanges closed negatively. Tokyo closes down due to profit taking after the strong rebound on the eve. The decrease was favored by the declarations of the US Fed which acknowledged the slowdown in the US economy but gave no signs of rethinking its monetary policy line. At the close, the Nikkei index of 225 leading stocks closed at 17.041,45 points, down by 122,47 points or 0,71%. On the other hand, the Topix index of the main list fell back by 8,6 points (-0,61%) to 1.392,10 points. The session was characterized by moderate trading volumes with over 2 billion shares traded. 

The two major Chinese squares continue the thud. In Shanghai, the composite index lost almost 3% (-2,92%) with a drop of 79,9 points to 2.655,66 points. In Shenzhen, the second largest stock exchange in mainland China, the loss was even more marked with a drop in the composite index of 4,1%, equal to 71 points, to 1.629 points. On the other hand, the Hong Kong Stock Exchange went against the trend, rising by 0,75%, with the Hang Seng index gaining 143,3 points to 19.195,83 points.

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