The Tokyo Stock Exchange fluctuated on Monday morning after suffering heavy losses last week amid uncertainty over the global economic outlook in the United States and Europe amid monetary tightening. The leading Nikkei index, which fell 6.7% last week, rose 0.06% to 25978.68 points at 02:50 in the morning, after opening more precisely. The broader Topix index decreased by 0.05% to 1835.04 points.
The New York Stock Exchange closed mixed on Friday, leading to further signs of a slowdown in the US economy as more and more experts fear a recession in the world’s largest economy. «Japanese stocks are likely to be volatile until US stocks stabilizeHowever, it should be supported by positive signs for the Japanese economy, says Okasan Online Securities in a post. Otherwise, “The weak (positive) impact of the yen will offset concerns about a possible US recession in Japanese companies.said Shoji Hirakavan of the Tokyo Tokyo Research Institute.
In turn, Chinese stock markets opened on Monday without a clear direction, the markets are lagging behind the health of mainland China, while in the US and Europe, monetary tightening is affecting growth. The Hang Seng index on the first Hong Kong stock exchanges reached 0.60% to 20,948.80 points. In turn, the composite index of the Shanghai Stock Exchange was almost stable at 3315.78 points, and Shenzhen Square increased by 0.48% to 2141.39 points.
Source: Le Figaro
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