Asian stock markets, which are traded on Monday, demonstrate multidirectional dynamics.
Exchanges in mainland China are closed due to the holidays on the occasion of the Day of the founding of the PRC, South Korea – on the occasion of the Day of the founding of the state.
The Japanese Nikkei 225 rose 0.5% by 8:26 a.m. despite weak statistics.
The Tankan Index, which assesses the level of confidence in the Japanese economy among large companies in the processing industry, fell to its lowest level in six quarters in July-September (since January-March 2021).
The value of the indicator fell to 8 points compared to 9 points in the second quarter of this year, the Bank of Japan said. A positive index value means that the percentage of respondents who consider the business environment favorable is higher than the share of those who do not.
Analysts on average predicted an increase in the indicator in the past quarter to 11 points, according to the results of surveys by Quick and Trading Economics.
The index declined for the third quarter in a row. This reflects, among other things, the growing costs of enterprises, the depreciation of the yen, as well as the restrictions imposed by China due to COVID-19.
The top three in terms of the rate of rise in quotes on Monday consists of shares of transport companies: Kawasaki Kisen Kaisha Ltd. (+4.8%), Nippon Yusen K.K. (+4.6%) and Mitsui O.S.K. Lines Ltd (-4.2%).
In addition, the price of securities of investment and technology SoftBank Group (+1.6%), consumer electronics manufacturer Sony (+1.5%), automotive Nissan Motor (+1.3%) and Toyota Motor (+3.2%) is rising. ).
The most significant decline in value shows papers of electricity producers, including Kansai Electric Power Co. (-6.5%), Chubu Electric Power Co. (-4.1%) and Tokyo Electric Power Co. (-3.9%), as well as retailer Seven & I Holdings Co. (-4.5%).
The value of the manufacturer of consoles and video games Nintendo fell by 1.1%. The company did a 10-for-1 stock split over the weekend.
The Hong Kong Hang Seng index lost 1.8% by 8:31 am KSK. It is at its lowest level in the last eleven years.
The stock prices of New World Development Co., a developer, are declining most significantly on the Hong Kong Stock Exchange. (-7.4%) and Ping An Insurance (-5.2%).
The papers of online retailer JD.com (-3.7%), HSBC bank (-3.3%), automotive BYD (-2.5%) are also getting cheaper.
The Australian S&P/ASX 200 index has decreased by 0.3% since the market opened.
In particular, the price of shares of technology companies Xero Ltd (-2.7%), Computershare (-0.9%) and Wisetech Global (-1.2%) decreased.
