Japanese stocks ended lower on Wednesday, tracking an extended sell-off in Asian shares, as investors refrained from placing big bets amid the Bank of Japan's absence in supporting the market despite a sharp drop in the previous session.
Japanese stocks closed higher on Wednesday, on hopes of better corporate results after the International Monetary Fund raised its forecast for global growth, while shares of Nitto Denko jumped following a revision in its earnings outlook.
By Reuters Staff
(Corrects name of Pictet Asset Management in paragraph 6)
BEIJING/SHANGHAI, Jan 13 (Reuters) - China shares ended lower on Wednesday as investors booked profit from consumer and healthcare stocks after the blue-chip index scaled a 13-year closing high in the previous session. At the close, the Shanghai Composite index was down 0.27% at 3,598.65, while the blue-chip CSI300 index fell 0.33%. The consumer staples sector in the blue-chip index was down 0.85%, and the healthcare sub-index slipped 1.7%. The smaller Shenzhen index ended down 1.27% and the start-up board ChiNext Composite index was weaker by 1.57%, after losing as much as 2% earlier in the day. The CSI300 index snapped week-long gains from the start of 2021, and kept touching a 13-year high in recent trading sessions fuelled by accommodative monetary policies this year hinted by the central bank, and stable economic data. Global investors were also shoring up Chinese stocks in early 2021 as
By Reuters Staff
(Corrects name of Pictet Asset Management in paragraph 6)
BEIJING/SHANGHAI, Jan 13 (Reuters) - China shares ended lower on Wednesday as investors booked profit from consumer and healthcare stocks after the blue-chip index scaled a 13-year closing high in the previous session. At the close, the Shanghai Composite index was down 0.27% at 3,598.65, while the blue-chip CSI300 index fell 0.33%. The consumer staples sector in the blue-chip index was down 0.85%, and the healthcare sub-index slipped 1.7%. The smaller Shenzhen index ended down 1.27% and the start-up board ChiNext Composite index was weaker by 1.57%, after losing as much as 2% earlier in the day. The CSI300 index snapped week-long gains from the start of 2021, and kept touching a 13-year high in recent trading sessions fuelled by accommodative monetary policies this year hinted by the central bank, and stable economic data. Global investors were also shoring up Chinese stocks in early 2021 as