Stock indices of the countries of the Asia-Pacific region (APR) are changing without a single dynamics during trading on Thursday.
China’s Shanghai Composite index fell 0.5% by 8:20 qoq, while Hong Kong’s Hang Seng rose 1.4%.
Shares of online retailer JD.com Inc. are the leaders in growth of quotations on the Hong Kong Stock Exchange. (+8.2%), Budweiser Brewing Co. APAC Ltd. (+6.3%) and Alibaba Group Holding Ltd. (+5%).
Paper Pharmaceutical WuXi AppTec Co. jumped 6% after the release of strong third-quarter earnings.
Shares of Tsingtao Brewery Co. in Shanghai they lose 7% in price. Although the company increased its profit in July-September, the figure fell short of analysts’ expectations.
The total profit of large Chinese industrial enterprises fell by 2.3% in January-September 2022 compared to the same period a year earlier and amounted to 62.44 trillion yuan ($8.7 trillion), according to the State Bureau of Statistics (GSO) of the country. At the same time, the rate of decline accelerated compared to January-August, the decline for which amounted to 2.1%.
The value of the Japanese Nikkei 225 fell by 0.2% by 8:30 qoq.
The stocks of camera manufacturer Canon Inc. (-6%), financial Concordia Financial Group Ltd. (-5.2%) and Chiba Bank Ltd. (-5%).
Capitalization of construction equipment manufacturer Hitachi Construction Machinery Co. rises by 4.9% after improving the forecast for the financial indicators for the year and strong results for the first financial half.
The South Korean index Kospi added 1.5% by 8:40 qoq.
Quotes of securities of one of the world’s largest manufacturers of chips and electronics Samsung Electronics Co. grow by 0.5%, despite the fact that the company reported a drop in net profit in the third quarter by 24% due to lower demand for chips.
Shares of automaker Kia Corp. grow by 0.6%, Hyundai Motor Co. – by 0.3%.
The South Korean economy in the third quarter of 2022 grew by 3.1% compared to the same period last year, according to preliminary data from the Bank of Korea. Analysts on average predicted an increase of 2.8%, according to Trading Economics.
The Australian S&P/ASX 200 gained 0.5%.
The capitalization of the world’s largest mining companies BHP and Rio Tinto increased by 2.4% and 0.8%, respectively.
