HongKong

Asian markets mixed after tech sell-off on Wall St


Shares were mixed in Asia on Thursday, as Chinese benchmarks stalled on concerns over big companies that might lose their listings on U.S. exchanges.

Tokyo’s Nikkei 225 index jumped 1.1% and Seoul and Sydney logged modest gains. Hong Kong and Shanghai were flat.

Oil prices fell back after surging 6% on Wednesday on concerns over disruptions to shipping from a skyscraper-sized cargo ship wedged across Egypt’s Suez Canal.

Efforts continue to free the Ever Given, a Panama-flagged ship that carries cargo between Asia and Europe that ran aground Tuesday in the narrow, man-made canal dividing continental Africa from the Sinai Peninsula.

The U.S. Securities and Exchange Commission said Wednesday it was adopting an interim rule that some foreign companies must provide documentation to show they are not owned or controlled by a government entity. The requirement mainly is expected to affect Chinese companies listed on U.S. exchanges and the SEC statement triggered selling of such companies in Hong Kong.



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