By Jihye Lee
December 2, 2022
Source: CNBC
Photo Source: Unsplash, Max C.
China’s Xi acknowledges Covid frustration caused protests and hints at relaxing rules, EU official says Markets in the Asia-Pacific mostly fell while investors looked for clarity after China signaled slight easing of its stringent Covid restrictions.
In Japan, the Nikkei 225 traded 1.59% lower to 27,777.90 and the Topix fell 1.64% to 1,953.98. The Kospi in South Korea fell 1.84% to 2,434,33 as the nation saw its annualized consumer price index for November inch lower from the previous month. In Australia, the S&P/ASX 200 fell 0.72% to end its session at 7,301.5. Hong Kong’s Hang Seng index struggled for direction and fell 0.15% in its final hour of trade. In mainland China, the Shanghai Composite also fell 0.29% and the Shenzhen Component lost 0.4%.
Overnight in the U.S., the Dow closed nearly 200 points lower ahead of a key jobs report, in which economists expect to see slower growth but resilience for November amid announcements of layoffs and hiring freezes.
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