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.
