The stock indices of the largest countries of the Asia-Pacific region (APR) are mostly down on trading on Wednesday, with the exception of the Chinese Shanghai Composite, which is growing slightly.
The Japanese Nikkei 225 fell by 0.76% by 8:24 Moscow time.
The leaders of the fall among the components of the index are the shares of the transport company Nippon Yusen K.K. (-7.3%), electronics manufacturer Sharp Corp. (-6.5%) and transport Mitsui O.S.K. Lines Ltd. (-6.1%).
Quotations of shares of the largest clothing retailer in Asia, Fast Retailing, grow by 0.5%, Nissan Motor Co. – by 2.3%.
China’s Shanghai Composite added 0.04% by 8:31 Moscow time, while Hong Kong’s Hang Seng fell by 1.74%.
China’s foreign trade surplus unexpectedly fell to $79.39 billion in August, a three-month low, according to data from the General Administration of Customs of the People’s Republic of China. A month earlier, the indicator reached a record $101.26 billion.
At the same time, analysts expected an average reduction in August to $92.7 billion, reports Trading Economics.
Exports reached $314.92 billion, which is 7.1% higher than in August last year. For the first time since April, growth rates are expressed in a single-digit number in percentage terms. Imports in August increased by 0.3% in annual terms – up to $235.53 billion.
Experts on average assumed an increase of exports by 12.8% per hour, imports – by 1.1%.
The leaders of the decline in Hong Kong are the shares of the Internet giant Baidu Inc. (SPB: BIDU) (-4.15%), Budweiser Brewing Co. APAC Ltd. (-3.7%) and Alibaba Health Information Technology Ltd. , which provides services for the collection and use of medical data, (-3.5%).
Shares of Tencent Holdings Ltd. fall by 2% on the news that the company acquired a minority stake in the holding company that controls the publisher of the popular video game “Assassin’s Creed” Ubisoft Entertainment SA.
The South Korean Kospi index fell by 1.5% by 8:29 Moscow time.
Shares of one of the world’s largest manufacturers of chips and consumer electronics, Samsung Electronics Co. fell in price by 1.9%, while Hyundai Motor – by 0.5%.
The Australian indicator S&P/ASX 200 has decreased by 1.4% since the opening of the market.
Australia’s GDP in the second quarter of 2022 increased by 0.9% compared to the previous quarter, according to official statistics. Growth was recorded for the third quarter in a row. Australia’s economy grew by 0.7% in the first quarter. Analysts on average expected GDP growth in the second quarter by 1%, according to Trading Economics.
The market value of the world’s largest mining companies BHP and Rio Tinto decreased by 2.1% and 1.5%, respectively.
The stock indices of most of the leading economies in Western Europe ended with moderate growth trading on Tuesday.
The composite index of the largest companies in the region Stoxx Europe 600 increased by 0.24% and amounted to 414.38 points.
The German DAX indicator increased by 0.87%, the French CAC 40 – by 0.19%, the British FTSE 100 – by 0.18%. The Italian FTSE MIB added less than 0.01%, while the Spanish IBEX 35 lost 0.26%.
This week, the most important event for traders will be the meeting of the European Central Bank (ECB), which will be held on Thursday. At a meeting in July, the European Central Bank raised rates for the first time in 11 years, by 50 bp at once. The market as a whole expects that at the forthcoming meeting the rise could be 75 bp at once.
Meanwhile, on Tuesday it became known that the volume of orders of industrial enterprises in Germany in July fell by 1.1% compared with the previous month. Analysts on average expected a decline of 0.5%, according to data from Trading Economics. In June, according to revised data, the indicator fell by 0.3%, and not by 0.4%, as previously reported.
Shares of Volkswagen AG rose 3.7%. The German carmaker has confirmed its intention to list the shares of luxury sports car manufacturer Porsche AG. The IPO could be the largest in German history and the largest in Europe since 1999, according to Refinitiv data.
Deutsche Lufthansa AG added 1.5%. The German airline will continue negotiations with the pilots’ union to avoid a strike that would lead to the cancellation of numerous flights.
Finnair Oyj’s share price rose 1.1%, although the Finnish carrier reduced the number of passengers carried in August by 12% compared to the previous month.
Among the gainers among the components of the Stoxx Europe 600 index were shares of the German food delivery service Delivery Hero SE, which added 7.7%.
Energy companies led the decline, including Equinor (-6.7%), Orron Energy (-6.3%) and Uniper SE (-5.7%).
Experts representing private and public clinics and related businesses have teamed up to develop and launch a program to develop preventive medicine and support the health of Ukrainians in wartime.
As the head of the Health Support Program and GAMA CONSULTING, Adviser of the Russian National Institute for Preventive Medicine Yevhen Shagov said at a press conference in Kyiv, the need to develop the program is caused, in particular, by the needs of wartime medicine. The press conference was attended by experts from Kundiiev Institute of Occupational Health of the National Academy of Medical Sciences of Ukraine, the Oxford Medical clinic (Kyiv), Biotus.ua and the medical online hub DOC.UA, which are members of the initiative working group, which activities are aimed at the development of preventive medicine in Ukraine.
“Education and medicine are under the pressure of martial law and Russian aggression, and this cannot but have consequences. The education system has managed to transform during the pandemic, in healthcare we need to take this experience into account. We already see that war and chronic stress have an extremely negative impact on various aspects of health. All this is happening amid declining wealth of Ukrainians and the fact that a significant part of Ukrainians are abroad, where they often have a language barrier and lack high-quality health insurance to effectively take care of their health,” he said.
According to Shahov, chronic acute stress that a person faces in a war leads to an imbalance in the endocrine system, which causes emotional and physical burnout, decreased performance, and sleep disturbance. Moreover, stress is the cause of immune suppression, exacerbation of chronic diseases, the development of a number of new pathologies, up to oncological diseases. According to Shahov, this can be prevented by an effective and accessible system of preventive medicine: “There is no way to cancel stress, but it is possible to increase the stress resistance of Ukrainians.”
He noted that the goal of the program was to develop an effective “health basket,” which will include, among other things, personally selected vitamins and microelements. Monitoring the health status of patients, taking medications, adjusting all components of the prevention program can be carried out using online tools and distance medicine.
According to Shahov, the development of the program and the “health basket” began even before the war, its creation was announced in 2020 by President Volodymyr Zelensky. At present, its authors have already accumulated a sufficient amount of information about its positive impact on health.
The world’s leading experts in Anti-Age Medicine, Age Management, specialists from private and public medical institutions of our country took part in the work on the program.
According to Deputy Director of Kundiiev Institute of Occupational Health of the National Academy of Medical Sciences of Ukraine Iryna Sysoyenko, the issue of including preventive medicine in the general healthcare system is currently very relevant.
“In the conditions of martial law and the emergency load on the healthcare system, it is especially important to prevent the occurrence of diseases in time. Timely diagnosis allows us to detect the accumulation of heavy metals and harmful substances in the body, and preventive measures will prevent serious diseases in the future,” she said.
Sysoyenko noted that the institute, in particular, has toxicological laboratories and can clearly determine the presence of harmful substances in the human body.
In turn, General Director of the Oxford Medical clinic (Kyiv) Tetiana Shvyriova emphasized that with the start of military aggression, people began to seek medical help not only in urgent and emergency conditions, but also in a state of stress, psychological instability and “misunderstanding what they have to do with their chronic diseases.”
“Some people were cut off from doctors, from pharmacies, but they had to continue to be observed and receive consultations about their health. We see what months of lack of opportunity for people to receive qualified help amid acute stress lead to,” she said.
According to Director of Biotus.ua Dmytro Hrekulov, his company plans to expand the already existing production of Ukrainian vitamin drugs based on the recommendations developed by the project experts.
According to Olena Hrytsai, head of medical booking at DOC.UA, it will be possible to get recommendations and become a member of the program using the DOC.UA medical online hub platform.
“Now DOC.UA receives about 5 million requests from patients per month, and 40% of them are related to stress management, so the initiative is very relevant,” Hrytsai said.
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The agreement between the National Bank of Poland and the National Bank of Ukraine, under which Ukrainian refugees could exchange cash hryvnia for zlotys from the end of March, is terminated on September 10.
According to the press service of the NBU on Tuesday, over more than five months of the program, Ukrainians in Poland exchanged about UAH 680 million for zlotys, including UAH 383 million in April and UAH 30 million in August.
Stock indices of the largest countries in Western Europe show weak and multidirectional changes during trading on Tuesday.
The composite index of the largest enterprises in the Stoxx Europe 600 region by 11:27 Moscow time increased by 0.15% and amounted to 413.99 points.
The German DAX indicator rose by 0.07%, the British FTSE 100 – by 0.2%, the Spanish IBEX 35 – by 0.03%. The French CAC 40 fell 0.07%, while the Italian FTSE MIB shed 0.33%.
Traders this week are looking forward to the meeting of the European Central Bank (ECB), which will be held on Thursday. At a meeting in July, the European Central Bank raised rates for the first time in 11 years, by 50 bp at once. The base interest rate on loans was raised to 0.5%, the rate on deposits – to zero, the rate on margin loans – to 0.75%.
The volume of orders of industrial enterprises in Germany in July fell by 1.1% compared to the previous month, the German Ministry of Economics reported.
Analysts on average expected a decline of 0.5%, according to data from Trading Economics. In June, according to revised data, the indicator fell by 0.3%, and not by 0.4%, as previously reported.
Shares of Volkswagen AG rise in price by 2.7%. The German carmaker has confirmed its intention to list the shares of luxury sports car manufacturer Porsche AG. The IPO could be the largest in German history and the largest in Europe since 1999, according to Refinitiv data.
Deutsche Lufthansa AG added 0.3% in price. The German airline will continue negotiations with the pilots’ union to avoid a strike that would lead to the cancellation of numerous flights.
Finnair Oyj’s shares are up 0.5%, although the Finnish carrier cut passenger numbers by 12% in August compared to the previous month.
Among the growth leaders among the components of the Stoxx Europe 600 index are shares of the German food delivery service Delivery Hero SE, which added 7.5%.
In addition, shares of Polymetal International PLC (+7.4%) and British bakery chain Greggs PLC (+6.7%) are steadily rising in price.
Demand for rental housing in the capital in August increased by 30-40% compared to the previous month, for the purchase of residential real estate by 45%, the press service of the Park Lane real estate agency reported.
“We are seeing a significant increase in demand, as pent-up demand has formed over the past six months, which is now being realized. Autumn has always been an active season, and this year, despite the circumstances, we see activity in the market,” explains Victoria Barabash, CEO of Park Lane Academy of Sciences, the words of which are given in the press release.
According to her, demand is affected by the return to the capital of those who previously temporarily left Kyiv due to Russia’s military invasion of Ukraine.
“The number of calls and transactions in the rental market has reached pre-war levels,” Barabash said.
Demand in the rental market is observed mainly for apartments in different districts of the capital costing 10-20 thousand UAH. The most popular are 1-3-room apartments with an area of 45-70 sq. m.
“Requests of tenants have not changed significantly compared to the pre-war period. The greatest interest is still in apartments in new buildings, most often with their own territory, parking. Also, a certain percentage of tenants are interested in apartments in early construction houses. However, the main selection criterion is high-quality repairs and comfort of living,” Barabash clarifies.
If we talk about buying a home, the most active demand is for 1-3-room renovated apartments. About 70%, as at the end of 2021, falls on housing in new buildings. Most buyers are interested in Pechersky, Solomensky, Shevchenkovsky, Goloseevsky, Darnitsky districts, according to a press release.
“We are seeing an increase in demand, an increase in the number of applications, starting from the beginning of August. Regarding the level of discounts, they are exclusively individual and depend on the situation of the owner and his willingness to discount,” Barabash states.
In her opinion, the dynamics of demand makes it possible to talk about optimistic forecasts for the market and the activity of the autumn season.
The Park Lane real estate agency was registered in Ukraine in 2006 and is part of the First Realty Group corporation.
