Asian markets down, Foxconn heavy after investigation

Asian markets down Foxconn heavy after investigation

(Finance) – Negative session for Asian marketswho suffer the risk of wider conflict in Middle East and are waiting for various data on theinflation which will be released in the region during the week (Singapore, Australia, Tokyo).

TO Tokyocloses below par Nikkei 225, which falls with a percentage difference of 0.83%, continuing the bearish trail of three consecutive drops, which began last Thursday; on the same line, they move in reverse Shenzhenwhich slips by 1.02%, and Shanghaiwhich leaves 1.28% on the ground.

The decline of stands out Foxconn, a chipmaker and major Apple supplier, after Chinese state media announced that authorities had conducted inspections of its subsidiaries in various provinces. The Global Times, citing anonymous sources, said several Foxconn branch offices across China had been subjected to tax audits and land use investigations.

The stock market of Hong Kong It is closed for Chung Yeung Festival.

Downhill Seoul (-0.75%). Just below par Mumbai (-0.21%); with the same direction, negative Sydney (-0.84%).

Substantial invariance for theEuro against the Japanese currency, which changes hands at a negligible -0.1%. Seat substantially unchanged for theEuro against the Chinese currency, which trades at a moderate -0.18%. The session for theEuro against the Hong Kong dollarwhich trades on the values ​​of the day before.

The performance of theJapanese ten-year bond exchanges 0.86%, while the yield for the Chinese 10-year government bond is equal to 2.72%.

Between macroeconomic variables most important in Asian markets:

Tuesday 24/10/2023
02:30 Japan: Manufacturing PMI (expected 48.9 points; previously 48.5 points).

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