Stock indices of the Asia-Pacific region rise in trading on Tuesday, following the positive dynamics of the US stock market.
Chinese indices are also growing quite steadily after a sharp decline the day before.
The country’s authorities, including the State Reform Development Committee of the People’s Republic of China, issued a notice asking local authorities to make more favorable conditions for the entry of TNC executives, technical personnel, specialists and their families into China. This measure mainly serves to attract foreign investment to the country and is a signal to loosen the tough policies against the coronavirus.
China’s Shanghai Composite rose 0.6% by 8:15 am CST, as did Hong Kong’s Hang Seng.
The leaders of growth in quotations on the Hong Kong Stock Exchange are the shares of the owner of a chain of Chinese restaurants Haidilao International Holding Ltd. (+6%), online retailer JD.com Inc. (+4.7%) and electronics manufacturer Xiaomi Corp. (+4.6%).
PC maker Lenovo Group Ltd. rise in price by 4.5%, retailer Alibaba Group Holding Ltd. – by 4.4%, sports equipment manufacturer Anta Sports Products Ltd. – by 3% and video game developer Netease Inc. – by 3.2%.
The value of the Japanese Nikkei 225 index increased by 1.1% by 8:20 am KSK.
The shares of Nidec Corp, a manufacturer of electric motors, are rising most significantly. (+4.4%). The company posted a 37% increase in net income in the second financial quarter, driven by strong performance in the automotive equipment and parts segment.
In Japan, the papers of the transport and logistics company Kawasaki Kisen Kaisha Ltd are also rising in price. (+4.1%) and investment SoftBank Group Corp. (+3.6%).
The South Korean index Kospi added 0.1% by 8:25 am KSK.
Quotes of securities of one of the world’s largest manufacturers of chips and electronics Samsung Electronics Co. grow by 1%, the cost of automaker Kia Corp. increases by 0.5%.
The Australian S&P/ASX 200 gained 0.3%.
On the stock exchange in Sydney, the most expensive stocks of credit Credit Corp. group ltd. (+7.9%), gold miner St. Barbara Ltd. (+5.3%) and media company Nine Entertainment Co. holdings ltd. (+5%).
The capitalization of the world’s largest mining companies BHP and Rio Tinto fell by 1.3% and 1.4%, respectively.
