What Happened to Stocks in Asia-Pacific?

<div><img width="1200" height="914" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/03/shutterstock_1181596777-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Stocks and risk factors" loading="lazy" srcset="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/03/shutterstock_1181596777-1.jpg 1200w, https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/03/shutterstock_1181596777-1-300×229.jpg 300w, https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/03/shutterstock_1181596777-1-1024×780.jpg 1024w, https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/03/shutterstock_1181596777-1-768×585.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><h1><span>What Happened to Stocks in Asia-Pacific?</span></h1>
<p><span>Stocks in Asia-Pacific were mixed on Tuesday as investors monitored the reaction to the People’s Bank of China’s announcing financial support for Covid-hit <a href="https://www.financebrokerage.com/tesla-volkswagen-plan-to-reopen-their-plants-in-shanghai/" target="_blank" rel="noopener">sectors</a>.</span></p>
<p><span>In Hong Kong, the Hang Seng index led losses among the region’s major markets. It declined 2.28% to end its trading day at 21,027.76. </span></p>
<p><span>Chinese tech stock in Hong Kong fell after authorities in China announced on Friday a ban on livestreaming of unauthorized video games. Shares of Bililbili declined 10.92% while NetEase dropped 2.99%. Moreover, shares of Tencent fell 2.78% and Alibaba declined 4.19%. The Hang Seng Tech index dropped 3.79% to 4,156.42.</span></p>
<h2><span>Mainland Chinese stocks on Tuesday </span></h2>
<p><span>Mainland Chinese stocks suffered losses on Tuesday. The Shanghai composite closed slightly lower at 3,194.03. The Shenzhen component dropped 0.497% to finish its trading day at 11,633.32.</span></p>
<p><span>The People’s Bank of China made an <a href="https://www.financebrokerage.com/european-stocks-closed-mixed-on-april-13-but-why/" target="_blank" rel="noopener">interesting</a> announcement on Monday. The country’s central bank will increase financial support for industries, businesses, and people affected by Covid-19. </span></p>
<p><span>The above-mentioned announcement came after the country reported mixed economic data. Its first-quarter GDP grew faster than expected despite the impact of Covid lockdowns in parts of China in March. First-quarter GDP jumped by 4.8%, surpassing expectations of a 4.4% increase from a year ago. </span></p>
<p><span>Fixed asset investment for the quarter grew by 9.3% from a year ago, exceeding expectations for 8.5% growth. Besides, investment in manufacturing rose by 8.5%  in the first quarter from a year ago, and infrastructure saw an 8.5% increase over the same period. </span></p>
<p><span>Nevertheless, retail sales declined in March declined by a more-than-expected 3.5% from a year earlier. </span></p>
<p><span>In Japan, the Nikkei 225 gained 0.69% to close at 26,985.09. The Topix index advanced 0.83% to end its trading day at 1,895.70. In South Korea, the Kospi added 0.95% to 2,718.89.</span></p>
<p><span>Australia’s S&amp;P/ASX 200 gained 0.56% to 7,565.20.</span></p>
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