Stock indexes in the Asia-Pacific region (APR) mostly fell in trading on Tuesday, with the exception of the Shanghai Shanghai Composite.
Including pressure on the markets had a fall in the shares of the technology sector.
As reported, the US authorities last week introduced new restrictions on the supply of advanced chips and equipment for the production of semiconductors to China to prevent the development of the Chinese military industry through these products.
This decision negatively affected the papers of semiconductor manufacturers, including South Korean Samsung Electronics Co. and its competitor Taiwan Semiconductor Manufacturing Co. (TMS).
In addition, Asian markets declined following the dynamics of Wall Street.
American stock indices fell on Monday for the fourth session in a row. At the same time, the value of the Nasdaq Composite fell to a minimum in more than two years – since June 28, 2020, according to Dow Jones Market Data.
The value of the Japanese Nikkei 225 index by the close of trading decreased by 2.6%.
Japan’s current account surplus narrowed to 58.9 billion yen in August from 1.5 trillion yen in the same period a month earlier, according to Japan’s finance ministry. Analysts on average had forecast a surplus of 121.8 billion yen, according to Trading Economics.
Meanwhile, Japan’s services sentiment indicator rose 2.9 points in September from a month earlier, to a high since June of 48.4 points, according to Economy Watchers data.
Among the components of the index, the leaders of the fall were shares of electric motor manufacturer Nidec Corp. (-9.4%), automation equipment specialist SMC Corp. (-6.7%) and construction equipment manufacturer Hitachi Construction Machinery Co. Ltd. (-6.4%).
The Hong Kong Hang Seng fell 2.2%, while the Shanghai Shanghai Composite rose 0.2%.
The most significant fall in Hong Kong paper developers Country Garden Holdings Co. Ltd. (-6.8%), Longfor Group Holdings Ltd. (-8.2%) and Internet company Meituan (-7.2%).
Shares of Contemporary Amperex Technology Co. Ltd. (CATL) at the auction in Shenzhen rose by 6%. The country’s largest lithium-ion battery maker expects third-quarter net profit to more than double year-over-year, the company said in a statement.
TMS shares plunged 8.3% on the Taiwan Stock Exchange.
The South Korean index Kospi k decreased by 1.8%.
The value of shares of automaker Hyundai Motor fell by 4.3%.
Shares of Samsung, one of the world’s largest manufacturers of chips and electronics, fell 1.4%, while shares of its rival LG Electronics fell 4.3%.
The Australian S&P/ASX 200 fell 0.3%.
The capitalization of the world’s largest mining companies BHP and Rio Tinto fell by 0.4% and 0.6%, respectively.
