Inflation in China grew more slowly than expected in December.
(Photo: AP)
Singapore, Hong Kong The Tokyo stock exchange initially showed itself to be weaker on Thursday. The Nikkei Index, which comprises 225 values, was 1 percent lower at 28,491 points during trading. The broader Topix index fell 0.6 percent and stood at 2008 points. One reason for the gloomy mood was the surge in coronavirus infections. Cabinet chief Hirokazu Matsuno said Japan must prepare for the rapid spread of infections to continue.
The cinema operator Toho was the biggest loser in the Nikkei with a minus of 4.98 percent. The retail conglomerate Aeon was just behind with a minus of 4.77 percent. “Investors are starting to believe that economic normalization will be delayed and that is putting sentiment down,” said a trader at a domestic investment firm.
The Shanghai stock exchange was 0.3 percent in the red. The index of the most important companies in Shanghai and Shenzen lost 0.6 percent.
Shipyard crisis: owner Genting’s share collapses massively
After the bankruptcy of MV Werften, the shares of the Asian owner Genting Hong Kong plummeted when trading resumed on Thursday. By noon local time, the price loss on the Hong Kong stock market was around 50 percent. Trading was suspended last Friday against the backdrop of the tug-of-war over the future of MV Werften in Mecklenburg-Western Pomerania and Bremerhaven.
Top jobs of the day
Find the best jobs now and
be notified by email.
The Asian tourism group Genting Hong Kong bought the shipyards in 2016 to build cruise ships for their own use. He operates ships under the brands Star Cruises, Dream Cruises and Crystal Cruises as well as Resorts World Manila (RWM). The corona pandemic had brought business into trouble. Behind the company is a conglomerate of the Malaysian casino magnate and billionaire Lim Kok Thay.
For eight MV Werften companies, bankruptcy applications were filed with the Schwerin District Court on Monday. The Genting Group also includes the Bremerhaven-based Lloyd shipyard, which also went bankrupt.
More: High inflation figures do not harm US stock market indices – US markets close in positive territory