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Hong Kong Techs Slip on COVID Situation
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Shares in Asia-Pacific were mixed on Friday, as Chinese tech shares slipped and investors watched the COVID situation in China.
In Japan, the Nikkei 225 regained 97.23 points, or 0.4%, to 26,985.50.
The Japanese yen traded at 124.05 per U.S. dollar.
In Hong Kong, the Hang Seng Index recovered 63.03 points, or 0.3%, to 21,872.91.
Alibaba slid 2.5%, while JD.com shed 3.4%. Meituan lost 2.7%.
The Australian dollar was at $0.7458.
CHINA
In Shanghai, the CSI 300 recaptured 21.67 points, or 0.5%, to 4,230.77.
COVID is in focus in China, with Shanghai reporting 20,398 new asymptomatic coronavirus cases and 824 new symptomatic cases on April 7. The city is under a strict lockdown in a bid to stop the spread of the virus.
The bank's analysts also noted that domestic consumption in China is sluggish, and said the sporadic spread of the virus beyond Shanghai could lead to tightening measures in other places.
In other markets
In Singapore, the Straits Times Index docked 20.95 points, or 0.6%, to 3,383.28
In Korea, the Kospi index eked up 4.53 points, or 0.2%, to 2,700.39.
In Taiwan, the Taiex index added 105.91 points, or 0.6%, to 17,284.54.
In New Zealand, the NZX 50 fell 9.64 points, or 0.1%, to 12,066.27.
In Australia, the ASX 200 restocked 35.16 points, or 0.5%, to 7,477.99.
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