{"id":372290,"date":"2020-09-07T11:20:12","date_gmt":"2020-09-07T05:50:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=372290"},"modified":"2020-09-07T12:05:15","modified_gmt":"2020-09-07T06:35:15","slug":"asian-shares-on-shaky-footing-amid-elevated-valuations-oil-skids","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/asian-shares-on-shaky-footing-amid-elevated-valuations-oil-skids\/","title":{"rendered":"Asian shares on shaky footing amid elevated valuations, oil skids"},"content":{"rendered":"<p>SYDNEY: Asian shares were on the defensive on Monday as investors grappled with sky-high valuations against the backdrop of a global economy in the grip of a deep coronavirus-induced recession while oil prices dropped sharply.<\/p>\n<p>Chinese stocks started lower while shares of Hong Kong-listed Semiconductor Manufacturing International Corp (SMIC) plunged to the lowest since June 16 on fears the firm could be added to a U.S. trade blacklist.<\/p>\n<p>China&#8217;s blue-chip index slipped 0.5% and Hong Kong&#8217;s Hang Seng eased 0.2%.<\/p>\n<p>Japan&#8217;s Nikkei fell 0.4% with SoftBank coming under heavy selling following media reports it has spent at least $4 billion buying call options on listed U.S. technology stocks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SYDNEY: Asian shares were on the defensive on Monday as investors grappled with sky-high valuations against the backdrop of a global economy in the grip of a deep coronavirus-induced recession while oil prices dropped sharply. Chinese stocks started lower while shares of Hong Kong-listed Semiconductor Manufacturing International Corp (SMIC) plunged to the lowest since June 16 on fears the firm could be added to a U.S. trade blacklist. China&#8217;s blue-chip index slipped 0.5% and Hong Kong&#8217;s Hang Seng eased 0.2%. Japan&#8217;s Nikkei fell 0.4% with SoftBank coming under heavy selling following media reports it has spent at least $4 billion [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-372290","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/372290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=372290"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/372290\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=372290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=372290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=372290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}