Saturday, October 16, 2021

Asian markets end mostly lower

Asian markets ended mostly lower today. So Japan’s Nikkei-225 index ended 2.1 percent lower; China’s Shanghai Composite index lost 1.8 percent at the close and South Korea’s Kospi index slipped 1.2 percent and Singapore’s Straits Times index shed 0.1 percent. But Hong Kong’s Hang Seng index rose 0.7 percent

In economic news, China’s central bank governor said China will stay with normal monetary policy settings for as long as possible. Also, amid worsening power crunch, China sought to reassure residents and businesses, urged railway companies to strengthen coal transportation and asked local governments to closely monitor the supply, demand and inventories of coal at power plants.

In Europe, London’s FTSE-100 had climbed 0.9 percent and France’s CAC-40 and Germany’s DAX had advanced 1 percent, each, in intra-day trade.

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