empty
20.04.2022 04:06 PM
Most Asian indices rise slightly

This image is no longer relevant

Most of the major Asian indices are showing slight growth in today's trading. Thus, Hong Kong Hang Seng Index added 0.72%, the Japanese Nikkei 225 gained 0.94%, Australian S&P/ASX 200 gained 0.28%, and the Korean KOSPI gained only 0.11%. At the same time, the Chinese Shanghai Composite and Shenzhen Composite indices declined by 0.21% and 0.37% respectively.

Asia-Pacific region indices traditionally follow the US indicators' suit. Thus, the main US stock exchange indicators closed with growth yesterday on the background of favorable statistical data. Thus, the US housing construction rose by 0.3% in March. According to experts' forecasts, this indicator should have decreased rather than increased.

The second positive moment was good corporate reports of companies for Q1 2022. This gives investors hope that they will be able to cope with a rather difficult environment caused by rising inflation. Good reporting is a signal that companies can navigate in the current environment and still generate and multiply their profits.

The growth of the Nikkei 225 index is supported by the depreciation of the Japanese yen.

Among the Nikkei 225 companies, Sumitomo Osaka Cement Co. added 19%, as well as Subaru added 5.5%, Nissan Motor increased by 4.7%, Mitsubishi Motors jumped by 4.4%, and Mazda Motor added 3,7%, which are engaged in the automobile industry.

Sony, SoftBank Group, and Asia Fast Retailing showed slightly smaller increases in the value of their securities, adding 1.3%, 1.6%, and 2.3% respectively.

The negative impact on Chinese indicators was caused by the information that the Central Bank of China left unchanged the interest rate on loans at 3.7%. Before that, it had been lowered several times because of the economic situation by 5 points in December 2021 and by another 10 points in January of this year, but in recent months it has not changed.

Among the companies included in the Hang Seng Index, Li Ning Co. increased by 5.5%, Anta Sports Products, Ltd. added 3.1%, Geely gained 4.1%, and Sands China, Ltd. as well as Galaxy Entertainment Group, Ltd. added 4% each.

At the same time, the value of securities of several other companies declined. Country Garden Holdings Co. decreased by 6%, China Overseas Land & Investment, Ltd. dropped by 5.1%, CNOOC, Ltd. lost 2.8%, and PetroChina fell by 1.9%.

Korean companies did not show a significant increase in the value of securities. Shares of Hyundai Motor rose by 1.4%, while Samsung Electronics Co. fell by 0.3%.

The Australian indicator reached almost an all-time high level. Among its components, Ramsay Health Care added 24%, which was the highest increase. This was due to the proposal of the upcoming purchase of the company by investors led by KRR.

The value of the securities of Pro Medicus, Ltd. jumped by 6%, and Healius, Ltd. increased by 3.9%. Share prices of BHP fell by 1.3%, and Rio Tinto dropped by 2.3%.

Anastasia Kravtsova,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

$9 Billion for Skechers, falling indices, and surge in Asian stocks

Berkshire Hathaway slips after Warren Buffett steps down as CEO. The US services sector shows growth in April. Skechers surges following a $9 billion privatization deal. Investors await trade agreements

13:26 2025-05-06 UTC+2

Skechers' $9B, Indexes Sink, Asia Surges: A Day of Change

Berkshire Hathaway Slips After Buffett Steps Down as CEO U.S. Services Sector Rising in April Skechers Jumps After $9B Privatization Deal Investors Await U.S.-Partner Trade Deals Asian Currencies in Focus

Thomas Frank 07:41 2025-05-06 UTC+2

US Market News Digest for March 17

US stock indexes, including the S&P 500 and Nasdaq, ended the week confidently in positive territory. This was largely due to encouraging developments in trade talks with China and resilient

Ekaterina Kiseleva 13:32 2025-05-05 UTC+2

Europe on pause: What's behind the stock market plunge and Trump's unexpected activity

European stocks fell slightly; STOXX 600 - minus 0.1%, France - minus 0.3% Investors await data on US-China talks, earnings and Fed decision Trump: 100% tariffs on foreign films, Alcatraz

Thomas Frank 11:34 2025-05-05 UTC+2

US Market News Digest for May 2

US equity indices continue to climb despite lingering economic uncertainty. Investor optimism is being driven by expectations of progress in trade talks between the US and China. Nevertheless, ongoing economic

Ekaterina Kiseleva 13:14 2025-05-02 UTC+2

US Market News Digest for May 1

The US stock market weathered notable volatility in April, but a successful rally helped major indices recoup losses. Despite data showing a 0.3% contraction in US GDP for the first

Ekaterina Kiseleva 11:54 2025-05-01 UTC+2

Feast in the Storm: S&P 500 Celebrates Gains as Dollar Drowns and China Weakens

S&P 500 Posts Sixth Straight Day of Gains Oil Falls More Than 1% China Manufacturing Activity Plummets as Trump Tariffs Continue to Squeeze Dollar Set for Worst Month

Thomas Frank 12:09 2025-04-30 UTC+2

US Market News Digest for April 30

US stock indices remain on a positive trajectory, but market pressure has intensified due to a sharp drop in Super Micro shares and the upcoming earnings reports from tech heavyweights

Ekaterina Kiseleva 11:13 2025-04-30 UTC+2

Stock markets regaining optimism. Where to find new entry points

European stocks rose amid hopes of easing trade tensions between the US and China. WTI oil fell by 1.54% to $62.05, while Brent declined by 1.51% to $65.86

12:42 2025-04-29 UTC+2

US Market News Digest for April 29

The S&P 500 and Nasdaq continue to climb, maintaining their upward momentum despite mixed performances across other sectors. Softer rhetoric from the Trump administration and expectations of further tariff relief

Ekaterina Kiseleva 11:59 2025-04-29 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.