Asia- Pacific markets have been going on the down train as they have traded lower on Monday. This is really a bad thing for the Asian market with the inflation really upon us but that is just how it is and we have to deal with it.
Japan’s Nikkei 225 had also seen better days as it had now declined 0.6 %. They managed to make up for some of the losses that they faced but that does not seem to be enough in this case but there is a scope of going in the positive. The Topix index had also known to be gone down by 0.64 %.
In South Korea, we have the Kospi which was seen to be down by 1.46 %. Let us not forget about Hong Kong’s Hang Seng whose index fell 1.2 % shortly after the opening of the market. We can see a decrease in the market. This is what it is.
Chinese mainland had also been seeing the effects of the inflation as the shares also fell there: we have The Shanghai composite which had gone on ahead and declined 0.44 % and the Shenzhen component fell 0.16 %. A board is set to meet up in order to understand that the next step is coming soon.
That seems to be a time Where they are going to go on ahead and discuss all that they have to. Well, all this is because of inflation. We know that this is all about it.
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In Australia too we have had the ASX 200 go down by 0.33 %. The energy, materials, and financial subindexes went down by 0.99 %, 1.31 %, and 0.39 %, respectively. Well, that is all that we have for now. We will tell you more when we get to know more about it in the first place. Well, that’s all for now. Take care of yourself guys.