Stock indices of the countries of the Asia-Pacific region (APR) started trading on Monday with growth.
The Hong Kong Hang Seng rose 1.4% by 8:20 am KSK, while the Chinese Shanghai Composite added 0.1%.
The leaders of the rise in quotations on the Hong Kong Stock Exchange are shares of BYD Co. Ltd. (+7.5%). The country’s leading new energy vehicle (NEV) maker posted a record third-quarter net profit due to a surge in sales in China.
The shares of the IT company Tencent Holdings Ltd are also actively rising. (+6.8%) and casino operator Sands China Ltd. (+6.3%).
Railway Papers China Railway Group Ltd. cheaper by 6.8%. The company posted a 4.5% increase in net income last quarter, but an adjusted figure excluding government subsidies and interest income fell 2.5%.
Stock quotes of the developer Longfor Group Holdings Ltd. fell by almost 21% on the news of the resignation of the chairman of the board of directors of the company, Wu Yajun.
The cost of securities of another developer China Vanke Co. fell by 6.2% after the publication of financial statements. The company’s net profit in July-September fell by 14%.
Shares of automaker Geely Automobile Holdings Ltd. rise in price by 1.8%. The company plans to spin off its electric vehicle division into a separate business and list its shares on the stock exchange.
The Purchasing Managers’ Index (PMI) in China’s manufacturing industry fell in October to the lowest since July 49.2 points from 50.1 points a month earlier, according to the State Bureau of Statistics of China (GSO). On average, experts expected it to drop to 50 points, Trading Economics notes.
An index value below 50 points indicates a decline in activity in the sector. PMI is a leading indicator of business activity as managers make purchases based on expected demand.
The Japanese Nikkei 225 rose by 1.6% by 8:30 am KSK.
The shares of electronics manufacturer Alps Alpine Co. have risen most significantly. (+16%), which produces spare parts for industrial equipment JTEKT Corp. (+10%) and equipment manufacturer Keyence Corp. (+8.4%).
Among the leaders of growth in the composition of the Japanese indicator, securities of Toyota Tsusho Corp. are also traded. (+8.3%) after the publication of financial statements. The company increased its net profit by 19% in the third quarter and improved its forecast for the year.
Retail sales in Japan in September increased by the most since May 2021 – by 4.5% compared to the same month last year, data from the country’s Ministry of Economy, Trade and Industry showed. Analysts, on average, expected a less significant increase of 4.1%, according to Trading Economics.
Industrial production in Japan in September fell by 1.6% compared to the previous month, according to preliminary data. The index recorded a decline for the first time since May. In August, it rose by 3.4%. The consensus forecast assumed a decline in the indicator by 1%.
The South Korean Kospi index rose 1% by 8:40 am KSK.
Quotes of securities of one of the world’s largest manufacturers of chips and electronics Samsung Electronics Co. grow by 4.2%. Shares of automakers Kia Corp. decrease by 0.5%, Hyundai Motor Co. – by 0.3%.
The Australian S&P/ASX 200 rose 1.2%.
The growth leaders were the shares of agro-industrial GrainCorp Ltd. (+7.9%), auto retailer ARB Corp. Ltd. (+7.5%) and medical Nanosonics Ltd. (+7%).
Retail sales in Australia rose 0.6% in September from the same month last year, according to the Australian Bureau of Statistics. The pace of recovery was higher than the consensus forecast of analysts in The Wall Street Journal at 0.4%. The index rose for the ninth month in a row.
