TOKYO / HONG KONG / SHANGHAI (dpa-AFX) – A warning from China of valuation bubbles on the foreign capital markets caused disillusionment on Tuesday. However, the Chinese stock exchanges, which initially benefited from follow-up purchases, suffered some of the most significant losses after the friendly start of the week.
According to Guo Shuqing, who heads the China Banking and Insurance Regulatory Commission, the high prices on the European financial markets and Wall Street point in a different direction than the real economy. The government is therefore closely monitoring foreign capital inflows into China, among other things.
The reaction at China’s trading centers showed uncertainty, and the valuation level there also seems to cause some investors concern – even if China is one of the few economies that was able to grow despite the corona pandemic last year.
The CSI-300 index with the 300 largest companies listed on China’s mainland stock exchanges lost 1.28 percent to 5349.63 points. The Hong Kong Hang Seng Index fell 1.60 percent to 28,980.00 points in late trading. In Tokyo, the Nikkei 225 closed with a minus of 0.86 percent at 29,408.17 points./gl/stk
– –
