Stock indices of the largest Asia-Pacific countries are declining after the similar dynamics on the US stock market a day earlier.
The important events this week will be the publication of data on changes in consumer prices in the U.S. and China in April. They will be released on Wednesday and Thursday respectively.
China’s Shanghai Composite Index was down 1.4% by 8:36 a.m. and Hong Kong’s Hang Seng was down 0.7%. Both indicators are down for the second consecutive session.
Significant declines in Mainland China were posted by financial sector stocks including China Galaxy Securities (-10%), Bank of China (-5.7%), Agricultural Bank of China (-5.5%), Citic Securities (-3.1%) and ICBC (-4.7%).
On the Hong Kong Stock Exchange, the most significant drop in price was posted by real estate developer Longfor Group Holdings Ltd. – by 3.9% and China Life Insurance Co. (SPB: 2628) by 2.8%.
In addition, computer maker Lenovo went down by 2% as well as Anta Sports Products Ltd. and Li Ning Co. – by 1.9% and 1.8%, respectively.
At the same time, the share price of Internet giant Tencent (SPB: 700) is up 0.5%, retailer Alibaba (SPB: BABA) by 0.9%, carmakers BYD and Geely by 3.7% and 3.6% respectively and chipmakers Sunny Optical Technology Group Co. and Semiconductor Manufacturing International Corp. – by 3.7% and 1.6%, respectively.
The value of Japanese Nikkei 225 index by 8:31 a.m. Moscow timeframe decreased by 0.4 percent.
Among the leaders of falling quotes are shares of metal producers Pacific Metals Co. (-11.2%), Nippon Steel Corp. (-8.2%) and Kobe Steel Ltd. (-3.7%) as well as automobile producer Mitsubishi Motors Corp. (-9.5%).
Moreover, console producer Nintendo (-0.5%) and Sony Group, producing consumer electronics (-0.9%) are also shedding their prices.
South Korea’s Kospi index was down 0.5% by 8:32 MSK.
Shares of the world’s biggest chip and electronics maker Samsung Electronics Co. fell 0.9%, steelmaker Posco – 0.5%.
Meanwhile, stock quotes of Hyundai Motor rose by 2.9%.
Value of Australian S&P/ASX 200 index fell by 0.2%.
Capitalization of the world’s largest mining companies BHP and Rio Tinto declined by 0.2% and 0.8% respectively.
Papers of Australia’s leading wine producer Treasury Wine Estates Ltd. lost 2.1% in price.
Also, following the decline in oil prices, shares of representatives of this industry Woodside Energy and Santos became cheaper – by 0.7% and 1.1% respectively.
Asia-Pacific, Stock indices, U.S. stock market
