Two men pass the bronze bull at the Shanghai Stock Exchange.
Major stock markets in the Asia-Pacific region closed sharply lower on Monday, with Japan and South Korea seeing significant declines and triggering circuit breakers at times, amid concerns over a possible US recession and escalating tensions in the Middle East.
Despite growing global tensions, experts said that China’s role as the world second-largest economy would become more pronounced, as the Chinese stock market has remained resilient and Chinese assets are undervalued, including A-shares, Hong Kong stocks and Chinese concept stocks.
On Monday, South Korea’s composite index KOSPI fell by 8.77 percent to 2,441.57 points, marking the largest single-day drop on record. Japan’s Nikkei 225 index declined by 12.4 percent to 31,458.42 points, marking a third consecutive day of significant losses and breaking below the 32,000-point threshold.
During Monday’s session, trading…
