Wednesday, May 18, 2022

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Key indices at Asian markets end mixed

Asian stock markets ended mixed today. So Japan’s Nikkei-225 index gained 0.2 percent; China’s Shanghai Composite index inched up 0.3 percent and South Korea’s Kospi index edged up 0.1 percent.

But Hong Kong’s Hang Seng index dropped 1.5 percent and Singapore’s Straits Times index slipped 0.8 percent.

In economic news, in China an official data showed new bank lending in Beijing rose less than expected last month.

Chinese banks extended 1.22 trillion yuan or 189.5 billion dollars in new loans in August, up from July but falling short of analysts’ expectations.

Also, economic data in recent months have shown China’s robust post-COVID recovery is losing steam as growth returns to more normal levels and fresh virus outbreaks disrupt activity.

In Europe, London’s FTSE-100 had risen 0.6 percent; CAC-40 index had added 0.4 percent and Germany’s DAX had advanced 0.7 percent, in intra-day trade.

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