The stock markets of the largest states of the Asia-Pacific region are steadily growing on Thursday after falling the day before.
Asian indexes mainly follow the dynamics of the US stock market, which closed Wednesday’s trading higher amid attempts by the Bank of England to limit significant volatility in the bond markets. The Bank of England has decided to suspend the start of the previously announced government bond sale program and instead start buying government bonds amid a sharp increase in their yields.
The Japanese Nikkei 225 rose 1% by 8:15 a.m.
The growth leader is the shares of the pharmaceutical Eisai Co. Ltd. (+17.5%), musical instrument manufacturer Yamaha Corp. (+6.7%) and medical Shionogi & Co. Ltd. (+6.2%).
Meanwhile, retailer Nishimatsuya Chain Co. are down 8.2% after the company downgraded its full-year forecast, citing a declining yen and high costs.
The Chinese Shanghai Composite index rose by 0.36% by 08:20 Moscow time, the Hong Kong Hang Seng – by 1.1%.
Alibaba Group Holding (SPB: BABA) Ltd. is among the top performers on the Hong Kong Stock Exchange. (+4.3%), energy China Shenhua Energy Co. Ltd. (+3.3%) and Budweiser Brewing Co. APAC Ltd. (+2.6%).
At the same time, the share price of developer CIFI Holdings (Group) Co. (-22.1%) fell to its lowest level since the listing after reports that the company was having trouble financing its many projects in the city of Tianjin.
Electric vehicle manufacturer Zhejiang Leapmotor Technology Co. and divisions of China Vanke – Onewo Inc. started their debut trading in Hong Kong with a drop of 30% and 8%, respectively.
The South Korean Kospi index increased by 1.2% by 08:30 Moscow time.
Quotes of securities of one of the world’s largest manufacturers of chips and consumer electronics Samsung Electronics Co. grow by 1.4%, automaker Hyundai Motor – by 2%.
The Australian indicator S&P/ASX 200 has gained 2% since the market opened.
Shares of the world’s largest mining company BHP rose 3.1%, while the price of securities of another representative of the industry Rio Tinto increased by 1.6%.
Consumer prices in Australia rose by 6.8% in annual terms in August after rising by 7% in July, data from the country’s statistical office showed.
The slowdown in inflation is primarily due to the lower growth in fuel prices – by 15% in August compared to 43.3% in July. Food and beverage prices rose 9.3%.
The Australian Bureau of Statistics publishes monthly inflation data for the first time. The department previously released this report for the quarter. Experts explain this by the fact that inflation in the country has greatly accelerated over the past year and the rare publication of data complicates forecasting and decision-making by politicians and bankers. Third quarter inflation data is expected to be released on 26 October.
On October 1, a charity family festival “Sports for Peace” will be held in Kyiv at Kyoto 25 from 11:00 a.m. to 2:00 p.m. As part of the event, guests can expect:
– Sports quest (climbing, badminton, padel tennis, ping-pong, getting to know horses)
– Workshops for the little ones
– Prize fund for participants
– Demonstration performance of Deryugina’s school
– Musical performances by Sofia Yehorova, the band SESTRA, KISHE and ROXOLANA
Hosts of the event: Roman Mishcheryakov and Vova Shumko (New Channel).
You can buy tickets here – https://sport-zaradu-mury.ticketforevent.com
All proceeds from ticket sales will go to UNITED24 for medical aid.
For the convenience of guests, it is advisable to be in sports clothes, we also recommend having sports shoes with you.
Information partners Interfax-Ukraine, Open4Business, Club of Experts and others.
During a round table in Brussels on September 27, the companies signed a statement at the initiative of the European Commission in which they pledged to help reduce the cost of transfers to Ukraine by up to 3%, the press service of the National Bank of Ukraine (NBU) reported on Wednesday.
According to the report, the heads of Visa, Mastercard, Wise, Extrabanca, Ria Money Transfer, Small World, TransferGo, PrivatBank, Oschadbank, Ukrgasbank, Raiffeisen Bank, PUMB, A-Bank, NovaPay, Ukrposhta, UFG PJSC signed a joint statement.
They committed to provide competitive transfer services to the Ukrainian diaspora, internally displaced persons from Ukraine and anyone who wants to support Ukrainians and transfer funds to Ukraine.
Deputy head of the NBU Oleksiy Shaban pointed out that it is possible to receive transfers in Ukraine using all available methods that were in peacetime (through international systems for transferring funds from card to card via SWIFT using the IBAN number).
He added that at the beginning of the war, most international funds transfer systems completely abolished fees for transfers to Ukraine.
In general, according to preliminary estimates of the National Bank, in January-July 2022, $7.6 billion was transferred to Ukraine, which is 5.7% less than in the same period of the previous pre-war year.
The war in Ukraine led to a decrease in transfers through official channels by about 12%. At the same time, the flow through informal channels increased by almost 3%.
According to NBU statistics, of all funds transferred to Ukraine from abroad in January-July 2022, about a quarter (24%) came through international transfer systems.
The final of Europe’s largest IT competition, DEV Challenge XIX, will be held online and offline in Ukraine and Poland on October 28 and 29, the organizers told Interfax-Ukraine.
The organizers cooperate with the Ministry of Digital Transformation, the Ministry of Foreign Affairs and the Ministry of Defense. This year, competition tasks from UNICEF, the Ministry of Digital Development, the Ministry of Defense and the Army of Drones will be presented.
“Modern warfare is won by modern technologies, so the effective implementation of the best solutions is a strategically important step for victory. High-quality and creative digital solutions for the Ukrainian army are no less important than traditional methods of warfare,” the press service of the director for digitalization of the DC “Ukroboronprom” quotes Timur Korytny.
The DEV Challenge XIX championship started in early September 2022 and will last for two months. Competitions are held in three stages: qualification, online round, final. The judges of the Championship are top professionals of the international IT community from Europe, the USA and Australia.
Already registered more than 1800 participants. The DEV Challenge takes place online, with the exception of the hybrid final. The final was traditionally held in Kyiv, both offline and online. This year it was decided to hold it simultaneously in two countries, Ukraine and Poland. In particular, they already name one of the offline locations of the DEV Challenge XIX final, the Polish city of Lodz, the Ukrainian city is still being chosen.
According to the organizer of the championship Evgenia Bespalova, every year the competition becomes an increasingly powerful tool for inventing technological solutions for the critical tasks of society.
“DEV Challenge participants receive tasks from our partners. Since 2019, we have been actively cooperating with ministries, involving top IT specialists in solving urgent issues of the state. Thanks to the championship, the country is accelerating digitalization processes in various areas. This year we are working on the development of technologies for recovery Ukraine, assistance to the Armed Forces of Ukraine,” Bespalova said.
Among the tasks set are solutions for the protection of children and other humanitarian issues. Participants receive real cases of DEV Challenge partners in the commercial sector, as well as non-profit organizations.
Bespalova gave several examples of online round tasks. In the Frontend and UI Design nomination, a task from the Come Back Alive Foundation is presented: participants will develop an interactive map of crimes during the war based on the collected database.
Participants in the Manual QA nomination will test a mobile application for the development of preschoolers – “Numo” from UNICEF.
In order to increase the number of donations for children and hospitals, the Svichado Charitable Foundation needs to update the site, which will be done by participants in the Product Design nomination.
“As for the final, we are actively continuing to collect tasks from our stakeholders – UNICEF, Ukroboronprom, the Army of Drones and the Ministry of Digital Development,” Bespalova said.
DEV Challenge has been taking place in Ukraine since 2012, founded by Ukrainians Igor and Evgeniya Bespalov. For 10 years, 18 Championships have been held, in which more than 22,000 specialists from different countries took part.
The investment company BGV Group Management has launched a new plant for the production of crushed stone products in the Zhytomyr region, investments in construction amounted to $22 million.
“Our company BGV Group Management has officially launched a state-of-the-art crushed stone plant. Fully automated, with the latest technological Swedish SANDVIK equipment, mining equipment and infrastructure built from scratch. We did all this literally in the forest, greenfield and during a full-scale war in the country,” said member of the board of directors of the investment company Sergei Voitsekhovsky.
According to him, the production capacity of the plant is 1.5 million tons of rock mass per year. Granite Quarry LLC operates on the basis of the Zherevsky deposit with an area of 63.2 hectares, the reserves of which amount to 46 million cubic meters of rock.
The opening of the plant will create 200 new jobs in the region, Voitsekhovsky emphasized.
BGV Group Management is an investment company of Gennady Butkevich, developing businesses and projects in the mining, processing, energy efficiency, retail and development sectors.
German authorities believe that the Nord Stream and Nord Stream 2 gas pipelines will permanently fail if they are not quickly repaired, Tagesspiegel reported on Wednesday, citing sources in the German government.
“If the gas pipelines are not quickly repaired, a lot of sea water will get into them, and the pipelines will corrode,” the newspaper notes.
After the incident with gas pipelines, the German authorities intend to strengthen control over the movement of ships in their territorial waters. Berlin also intends to pay more attention to the protection of critical infrastructure, coastal areas of the country, terminals under construction for receiving liquefied natural gas and telecommunications cables passing under water.
As reported, on the night of September 26, a leak occurred on one of the lines of the Nord Stream 2 pipeline. It happened in the Danish exclusive economic zone southeast of Bornholm. Also, gas leaks were recorded from both lines of the first Nord Stream northeast of Bornholm.
According to the Tagesspiegel, the German Federal Intelligence Service and state security agencies suspect that sabotage was the cause of the incident.
