Nikkei, Topix and Co. Announcement of Didi delisting unsettles Asian stock exchanges

Nikkei, Topix and Co. Announcement of Didi delisting unsettles Asian stock exchanges

Nikkei, Topix and Co. Announcement of Didi delisting unsettles Asian stock exchanges
Asian investors are concerned about the relationship between the US and China.  Source: dpa

The Asian stock exchanges showed inconsistent results on Friday after the Chinese transport operator Didi announced that it would bid farewell to the New York Stock Exchange. Investors worry about further tensions between China and China and renewed regulation of the technology industry. “The fact that delistings are occurring makes it uncertain how this will affect the broader US-China image,” said Moh Siong Sim, an analyst at the Bank of Singapore.

China’s service sector growth slowed in November amid mounting inflationary pressures and ongoing coronavirus outbreaks. The purchasing managers index fell to 52.1 points from 53.8 points in October, as the Markit Institute and the Caixin Group announced on Friday, citing their monthly company survey. The sentiment barometer, which is highly regarded in the financial markets – with which smaller companies in the coastal regions in particular are recorded – signals growth from the age of 50.

The Nikkei index, which comprises 225 values, was 0.2 percent lower at 27,692 points. The broader Topix index rose 0.6 percent and stood at 1937 points. The Shanghai Stock Exchange was 0.3 percent up. The index of the major companies in Shanghai and Shenzen gained 0.1 percent.

In Asian foreign exchange trading, the dollar lost 0.1 percent to 113.07 yen and lost 0.1 percent to 6.3734 yuan. In relation to the Swiss currency, it was quoted hardly changed at 0.9200 francs. At the same time, the euro remained almost unchanged at 1.1298 dollars and was quoted little changed at 1.0396 francs. The pound sterling fell 0.1 percent to $ 1.3288.

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