Stock indices of the largest Asia-Pacific countries do not show the same dynamics during the trading on Monday.
The positive factor for the Chinese stock market is the news about the gradual lifting of anti-hygienic restrictions in the country, writes Trading Economics.
Meanwhile, China’s service sector business activity index fell to 46.7 points in November from 48.4 points a month earlier, the purchasing managers index (PMI) calculated by Caixin Media and S&P Global showed. Thus, it declined for the third month in a row.
The PMI value above the 50-point mark indicates growth of activity in the sector, while below it indicates its weakening. Analysts on average expected a less significant drop in the index to 47 points, according to Trading Economics.
China’s Shanghai Composite index was up 1.5 percent by 7:27 a.m. and had surpassed the 3,200-point mark for the first time in more than two months. Hong Kong Hang Seng indicator jumped 3.2%.
The shares of Alibaba Health Information Technology Ltd., which provides IT services in medical sphere, showed the most significant increase of 18.3% on the Hong Kong Stock Exchange.
In addition, developer Sands China (SPB: 1928) and Longfor Group gained 14% and 8.8%, respectively, while restaurant chain owner Haidilao International Holding Ltd. – by 10.9%, consumer electronics maker Xiaomi (SPB: 1810) by 8.1% and Internet company Baidu by 7.9%.
Retailers Alibaba (SPB: BABA) and JD.com Inc. (SPB: JD) were up 5.2% and 7.5%, respectively, telecoms China Unicom and China Telecom (SPB: 728) up 6.4% and 4.5%.
In Shanghai, airlines including Air China (+1.9%), China Eastern Airlines (SPB: 670) (+4%) and China Southern Airlines (SPB: 1055) (+3.2%), alcohol producer Kweichow Moutai (+1.9%) and China Tourism Group Duty Free Corp. (+2.2%) are rising their share prices.
The value of Japan’s Nikkei 225 is around the level of Friday’s closing trading.
The top gainers among the index components are shares of pharmaceutical Eisai (+4.7%), cosmetics company Shiseido (+2.9%) and clothing retailer Fast Retailing (+2.8%).
Meanwhile, car makers Nissan Motor (-2.8%) and Isuzu Motors (-2.5%), optics makers Olympus Corp. (-3.4%) and Nikon Corp. (-2.7%) were falling in price.
South Korea’s Kospi Index was down 0.8% by 8:15 a.m. Moscow timeframe.
The stock quotes of one of the world’s largest chip and electronics maker Samsung Electronics Co. plunged 0.3%, automaker Hyundai Motor – 2.7%.
Australian S&P/ASX 200 index added 0.5%.
Share prices of the world’s largest mining companies BHP and Rio Tinto jumped by 2.7% and 3.9%, respectively.
At the same time the price of securities of Elders Ltd. providing services in the agricultural industry fell by 4.2% after UBS analysts worsened recommendations for them to “neutral level” from “buy”.
