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Asian markets see mixed results as Hang Seng plummets 9.41% amid broader concerns
The Hang Seng Index dropped sharply by 9.41%, closing at 20,926.79, while Japan’s Nikkei 225 fell 1% to 38,937.54. In contrast, the Shanghai Composite rose by 4.59%, closing at 3,489.78, and the Shenzhen Index surged 9.17% to 11,495.10.
Asian markets slip as Chinese stimulus falls short; Hong Kong stocks tumble
Chinese markets saw a sharp fluctuation, with the CSI 300 index jumping 10% before closing up 5% as investors were disappointed by limited stimulus measures. Hong Kong’s Hang Seng Index tumbled 10% intraday, ending down 6.4%, as funds shifted to mainland China. Broader Asian markets also fell, with Japan’s Nikkei 225 and South Korea’s Kospi both slipping.