Overall growth in Asian stock markets, the downturn in Russian

Tokyo's Nikkei 225 Index fell 0.88 percent to 16,163.36 points on Tuesday.

Tokyo’s Nikkei 225 Index fell 0.88 percent to 16,163.36 points on Tuesday.

Hong Kong … News Time

Despite Coronavirus’ deteriorating situation and falling crude oil prices, stock markets in Asian countries, including Gulf countries, have risen overall; however, the Russian stock market remained bearish. Tokyo’s Nikkei 225 index fell 168.36 points, 0.85 percent, to 198,667.12 points, while the Topics index closed 1771 points, up 1.28 percent, to 1406.68 points. Hong Kong’s Hang Seng index was up 454.22 points, up 1.81 percent at 25494.68 points. The Shanghai Composite Index increased 18.25 points, 0.62 percent, to 2961.54 points, while the Shenzhen Composite Index increased 9.70 points to 0.552 percent, to 1852.36 points. Stock markets in the Arabian Gulf states also saw an increase. Saudi Arabia’s national oil and gas company Aramco’s share price rose 5.5%. The Dubai financial market recorded 5.5 percent, Abu Dhabi stock 4.2 percent, Kuwait Premier Index (which closed two days due to heavy losses) 6.6 percent and Qatar stock market 3 percent increase. In addition, Bahrain and Oman stock markets saw 1.2 and 0.2 percent increase, respectively. Meanwhile, the Russian stock market was in recession and during the initial trading activity the market fell more than 10%.Moscow’s RTS index fell 16 percent during early trading activity.


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