Most of the stock indices of the largest countries in the Asia-Pacific region are growing on Tuesday following the rise of the US market a day earlier against the background of good quarterly reports of companies.
The only exception is the Chinese Shanghai Composite index, which fell 0.06% by 8:35 a.m. CET.
The Hong Kong Hang Seng added 1.2% by this time.
BYD Co. stock quotes. on the Hong Kong Stock Exchange jumped 6.4%. The leading manufacturer of vehicles powered by new energy sources in China expects net profit growth in the third quarter by almost 5 times (by 365%) – up to 5.5-5.9 billion yuan ($764-820 million), according to preliminary calculations.
Auto parts subsidiary BYD Electronic rose 7.5%.
Top gainers in Hong Kong on Tuesday also included solar panel maker Xinyi Solar Holdings (+5.7%), jewelry chain Chow Tai Fook Jewelery Group (+4.9%), chip maker Sunny Optical Technology Group Co. (+4.8%) and automaker Geely (+4%).
In addition, Internet retailers Alibaba Group and JD.com rose 3.8% and 2.7%, respectively, while Internet giant Tencent Holdings Ltd. – by 2.9%.
The value of the Japanese index Nikkei 225 increased by 1.5% by 8:31 am KSK.
The most significant increase in quotations is demonstrated by shares of medical services provider M3 Inc. (+5.5%), electronics manufacturer Sharp Corp. (+5%) and musical instrument manufacturer Yamaha Corp. (+4.9%).
The value of Recruit Holdings Co. jumped by 4.8%. The recruiting company announced the repurchase of its own shares in the amount of 150 billion yen ($1.01 billion), which is 2.5% of the capital. The program will run until March 14, 2023.
Also rising stock quotes financial group Mitsubishi UFJ (+1%), clothing retailer Fast Retailing (+1.3%) and consumer electronics manufacturer Sony Group (+1.2%).
The South Korean index Kospi rose by almost 1% by 8:26 am KSK.
Quotes of securities of one of the world’s largest manufacturers of chips and electronics Samsung Electronics Co. decline by 0.5%, while the cost of automaker Hyundai Motor rose by 0.3%.
The Australian S&P/ASX 200 gained 1.7%.
The capitalization of the world’s largest mining companies BHP and Rio Tinto increased by 1.4% and 0.1%, respectively.
Shares of technology companies are also going up: Block Inc (+7.2%), Xero (+3.4%), Life360 Inc (+3%), Seek (+3.6%) and Wisetech Global (+3.4%) ).
