(Photo: Getty images)
The major Asian stock markets had mixed fortunes on Tuesday, Tokyo and Hong Kong having lost ground after their strong gains of the previous day, while the places in mainland China continued to increase.
On the Wall Street side, the forward contracts foreshadowed a declining opening, the Dow Jones falling 0.77% to 25,978 points, the S&P 500 losing 0.65% to 3151 points and the Nasdaq yielding 0.29%, to 10,567 points.
In Europe, at midday, the CAC 40 of the Paris Bourse let go 1.02%, at 5029 points, the FTSE 100 in London fell 1.55% to 6188, and the DAX Frankfurt depreciated 1.23% to 12,577 points.
In Tokyo, the star index Nikkei fell 0.44% to 22,614.69 points, after three straight sessions, including a 1.8% jump on Monday. The Topix extended index lost 0.34% to 1,571.71 points.
In Hong Kong the index Hang Seng, which had climbed even more the day before (+ 3.8%), also caught its breath, yielding 1.38% to 25,975.66 points.
However, the composite index of Shanghai (+ 0.37% to 3,345.34 points) and that of Shenzhen (+1.71% to 2,157.94 points) remained resolutely optimistic on Tuesday, after having soared even more than Hong Kong the previous day.
And this despite the still worrying news about the resurgence of the global pandemic, from the United States to Australia, where Melbourne, the country’s second city, is reconfiguring for at least six weeks.
“The army of small investors in China seems to be perfectly capable of overcoming the agonizing headlines of Western media about the record levels of coronavirus in the world,” said Stephen Innes of AxiCorp.
“Instead, they listen to the country’s state media enthusiastic choir” on the recovery of the world‘s second largest economic power, he added in a note.
The New York Stock Exchange also remained deaf on Monday to the persistent surge of the coronavirus in the United States, driven in particular by its large technological values which allowed the Nasdaq index to reach new heights.
On the oil side
After 08:33 the price of a barrel of American WTI crude lost 0.74% to 40.33 dollars and that of a barrel of London Brent fell 0.53% to 42.87 dollars.