SINGAPORE — Shares in Asia-Pacific were mixed on Friday, as Chinese tech shares slipped and investors watched the Covid situation in China.
Hong Kong’s Hang Seng index fell 0.24% in afternoon trade, while the Hang Seng Tech index dropped 1.83%. Alibaba slid 2.47%, while JD.com shed 3.35%. Meituan lost 2.70%.
Mainland Chinese markets were mixed. The Shanghai composite gained 0.47% to close at 3,251.85, while the Shenzhen component was down 0.11% at 11,959.27.
Near-term sentiment [for Chinese shares] could stay curbed given a confluence of macro headwinds, Omicron spread, global liquidity uncertainty and US/China tension concerns.
Covid is in focus in China, with Shanghai reporting 20,398 new asymptomatic coronavirus cases and 824 new symptomatic cases on April 7. The city is under a strict lockdown in a bid to stop the spread of the virus.
“Near-term sentiment [for Chinese shares] could stay curbed given a confluence of macro headwinds, Omicron spread, global liquidity…
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2022-04-07 23:41:25
