Chinese indexes close at their lowest level in 13 months due to coronavirus.
The CSI300 index, which tracks the largest companies listed in Shanghai and Shenzhen, fell 3,36%, reaching its lowest level since February 22, 2019, while the Shanghai Composite Index dropped 3,11%, its weakest level since February 11, 2019.
Reuters - Chinese stock indexes closed this Monday (23) at their lowest level in more than a year as lockdowns and travel restrictions around the world to contain the coronavirus pandemic spark fears of a global recession.
The CSI300 index, which tracks the largest companies listed in Shanghai and Shenzhen, fell 3,36%, reaching its lowest level since February 22, 2019, while the Shanghai index dropped 3,11%, its weakest level since February 11, 2019.
Losses were relatively limited as Beijing signaled further support for its markets and as the number of new cases fell in the country.
A Chinese central bank official said on Sunday that Beijing's recent monetary policy measures are gaining momentum, while also stating that the bank has the capacity for further action.
China's central bank has already adopted a series of measures to contain the economic impact of the outbreak, including cutting lending rates and banks' reserve requirements, and distributing cheap loans to selected companies.
In Tokyo, the Nikkei index rose 2,02% to 16.887 points.
In Hong Kong, the Hang Seng index fell 4,86% to 21.696 points.
In Shanghai, the SSEC index fell 3,11% to 2.660 points.
The CSI300 index, which tracks the largest companies listed in Shanghai and Shenzhen, fell 3,36% to 3.530 points.
In Seoul, the Kospi index fell 5,34% to 1.482 points.
In Taiwan, the Taiex index fell 3,73% to 88.890 points.
In Singapore, the Straits Times index fell 7,35% to 2.233 points.
In Sydney, the S&P/ASX 200 index fell 5,62% to 4.546 points.