Asia closes down sharply, oil falls 4% – Money Times

Hong Kong
Ibovespa must have a complicated day looking at the closing of Asian stock exchanges this Wednesday. (Image: Unsplash/@tomterifx)

O Ibovespa (IBOV) until he held the level of 100 thousand points yesterdaybut runs serious risks of losing such resistance with the movement of strong risk aversion in global markets this Wednesday (22), starting with the closing of asian stock exchanges and the fall in prices Petroleum.

Narratives of global economic recession weighed on the radar of investors in the region, in addition to the drop in the price of a barrel of oil around 4%. shares of technology Asia were the most penalized.

In Hong KongO Hang Seng plummeted 2.58% with 21,008.34 spots. already the tech index of the stock market tumbled 4.37% in the same trading session.

shares of alibaba (BABA34) retracted 4.16% while shares of Meituan lost 4.57% this Wednesday.

At China continental, the index Shanghai Composite (listed in Shanghai) fell by 1.20% to 3,267.20 points, while the CSI 300 (operated in shenzhen) yielded 1.27% to 4,270.62 points.

Falling barrel of oil

The prices of a barrel of oil operate in a strong fall in the international market this Wednesday (22).

At around 7:30 am (Brasília time), the Brent oila reference used by Petrobras (PETR4), fell 4%, with each barrel quoted at US$ 110.5.

The position of the President of the United States reverberates in the markets, Joe Bidento temporarily suspend the federal tax on gasolineas a way to make fuel cheaper in the country.

About Abhishek Pratap

Food maven. Unapologetic travel fanatic. MCU's fan. Infuriatingly humble creator. Award-winning pop culture ninja.

Check Also

Government launches offensive in Congress and in the Supreme Court against MEC’s ​​CPI

posted on 06/29/2022 05:44 / updated on 06/29/2022 05:45 The government would have selected Flávio …