China stocks finished lower Thursday, weighted down by tech shares after Beijing launched an antitrust probe into Jack Ma’s Alibaba Group (NYSE:BABA).
China’s blue-chip index CSI300 fell 0.1% to 5,000.02, while the Shanghai Composite Index lost 0.6% to 3,363.11. The tech heavy STAR Market dropped 2.1%, while the CSI TMT Index fell 1.5%.
Investor confidence in the tech sector was hit by news that China launched an antitrust investigation into Alibaba’s e-Commerce and fintech empire.
The probe is part of a fast moving crackdown on monopolistic behavior in China’s booming internet space, a big setback for Alibaba founder Jack Ma.
Japan’s Nikkei share average rose 0.54% at 26,668.35, edging closer to Monday’s high of 26,905, its highest mark since early 1991. The broader Topix gained 0.51% to 1,774.27.
Foreign investors were net buyers of Japanese equities for the 2nd straight wk that ended on 18 December as progress on COVID-19 vaccine roll-outs globally raised investors’ risk appetite.
Overseas investors were net buyers of stocks worth 411.83 billion Japanese yen ($3.98-B) last week, marking their biggest weekly net buying in 4 wks, data from Japanese exchanges showed.
They bought 241.82 billion yen worth of derivatives and 170.01 billion yen in cash equities markets, the data showed.
The Topix index gained 0.6% last week, and the Nikkei share average added 0.4%.
Australian shares were poised to rise Thursday, extending gains from the last session, The local share price index futures rose 0.7%, a 31.1-pt discount to the underlying S&P/ASX 200 index close. The benchmark finished 0.7% higher Wednesday. New Zealand’s benchmark S&P/NZX 50 index rose 0.4% by 2121 GMT.
Data as of 24 Dec 2020. All quotes delayed at least 15 minutes.
|.TRXFLDJPP||Thomson Reuters Equity Japan Index||2:36am EST||155.20||+0.83||+0.54%|
|.TRXFLDHKP||Thomson Reuters Equity HK Index||3:59am EST||320.74||-4.80||-1.47%|
|.TRXFLDINP||Thomson Reuters Equity India Index||4:36am EST||1,591.07||+14.49||+0.92%|
|.N225||Nikkei Stock Average 225||1:15am EST||26,668.35||+143.56||+0.54%|
|.HSI||Hang Seng Index||23 Dec 2020||26,386.56||+43.46||+0.16%|
|.AORD||ASX All Ordinaries Index||23 Dec 2020||6,917.50||+24.90||+0.36%|
|.KS11||KOSPI Index||4:01am EST||2,806.86||+47.04||+1.70%|
|.SETI||SET Composite Index||4:50am EST||1,451.52||+35.50||+2.51%|
|.JKSE||Jakarta Composite||23 Dec 2020||6,008.71||-14.58||-0.24%|
|.PSI||PSE Composite Index||23 Dec 2020||7,204.38||+1.99||+0.03%|
|.SSEC||Shanghai Composite Index||2:59am EST||3,363.11||-19.21||-0.57%|
|.BSESN||S&P BSE Sensex||4:53am EST||46,946.58||+502.40||+1.08%|
|.FTFBMKLCI||FTSE Bursa Malaysia KLCI||23 Dec 2020||1,641.17||-6.33||-0.38%|
|.HNX30||HNX 30 Index||23 Dec 2020||301.15||-1.68||-0.55%|
Have a healthy, Happy Christmas Holiday, Keep the Faith!