Mixed performance on Asian stock markets; Shein makes its debut in Hong Kong (-0.9%), down 4.5 per cent. Oil prices rise
At 8.20 am: Shanghai -0.10 per cent; Shenzhen -0.74 per cent; Tokyo +0.11 per cent; Hong Kong -0.95 per cent; Mumbai +0.13 per cent.
At 7.20 Italian time, here is the situation on the main Asian stock markets: Shanghai +0.12%; Shenzhen -0.58%; Tokyo -0.18%; Hong Kong -1.17%, whilst Mumbai is down 0.08%.
At 8.20 am: Shanghai -0.10%; Shenzhen -0.74%; Tokyo +0.11%; Hong Kong -0.95%; Mumbai +0.13%.
We are considering these five stock exchanges because they are amongst the top ten in the world by market capitalisation (source: World Federation of Exchanges – WFE): Shanghai ranks 3rd (after the NYSE and Nasdaq); Shenzhen (China) is in 5th place; Tokyo in 6th; Hong Kong in 7th and Mumbai in 9th. Riyadh (Saudi Arabia) is also in the top ten (in 10th place) and opens at 9.00 Italian time.
These indices are monitored, specifically the main indices for each stock market: the Shanghai Composite, the Shenzhen SZSE Component, the Tokyo Nikkei 225, the Hong Kong Hang Seng, and the Mumbai Nifty 50.
Shein opens down 10 per cent but recovers on its debut day
Shares in the online fast-fashion giant Shein fell by around 10 per cent following its stock market debut in Hong Kong on Tuesday, after a long delay in the listing. They subsequently recovered, standing at -5.85 per cent on the Bloomberg platform at 7.55 Italian time: by 8.15, they were trading at -4.53 per cent.


