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.
The UK stock exchanges are closed due to the funeral of Queen Elizabeth II.
Investors this week will actively follow the meetings of the world’s largest central banks. The US Federal Reserve System (FRS) will announce the rate change decision on Wednesday, the Bank of Japan and the Bank of England – on Thursday. Most experts believe that the US and British regulators will again raise key rates to combat inflation that has been beating many years of records.
In addition, it is expected that meetings of the central banks of Switzerland, Sweden, Turkey and China will take place. The People’s Bank of China will announce the rate on loans to first class borrowers (LPR) for one year and five years on Tuesday.
The composite index of the largest enterprises in Europe Stoxx Europe 600 by 11:55 a.m. CST fell by 0.5%, to 406.34 points.
The French CAC 40 fell 0.9%, the German DAX – 0.4%. The Italian FTSE MIB fell 0.7%, while the Spanish IBEX 35 fell 0.2%.
Stock quotes of the automotive concern Volkswagen AG are growing by 1.2%. The company announced it could raise up to 9.39 billion euros in a listing of preferential shares in luxury sports car maker Porsche. In addition, VW signed an agreement with Porsche Automobil Holding SE to transfer 25% of the common (voting) shares. The capitalization of Porsche Automobil in the course of trading is growing by 3.1%.
Leading losses among Stoxx 600 components include Norwegian solar energy producer Scatec ASA (-7.6%), Sweden’s Orron Energy AB (-6.6%), operating in the field of renewable energy, and Norwegian gas station owner Aker BP ASA (-5.9%).
Among the leaders of the rise are the shares of the Polish video game developer CD Projekt S.A. (+4%) and the German manufacturer of military equipment Rheinmetall AG (+3.2%).
Stock indices of Japan and Australia rose at the auctions on Monday, following the US stock market, which confidently strengthened at the end of last week.
At the same time, the exchanges of China, Hong Kong and South Korea were closed. China celebrates the autumnal equinox, while Korea celebrates Chuseok.
American stock indexes closed trading on Friday with active growth, ending the first week of the last four in positive territory. Investors followed the statements of the world’s central banks and signals about global inflation.
This week, market participants are waiting for data from the US Department of Labor on the dynamics of consumer prices in August, which will be published on Tuesday, as well as data on industrial production, retail sales and capital investment in China in August, which will be released on Friday.
Meanwhile, outbreaks of coronavirus in China and the restrictive measures introduced in connection with them remain a cause for concern, writes MarketWatch.
The Japanese Nikkei 225 closed up 1.16%. The indicator reached its maximum value in two weeks.
The growth leaders among the components of the index are the shares of retailer Isetan Mitsukoshi Holdings Ltd (+4.7%), providing online medical services M3 Inc. (+3.9%) and rail and bus operator Keisei Electric Railway Co. (+3.6%).
Asia’s largest clothing retailer Fast Retailing rose 2.3%, while automaker Nissan Motor Co. – by 2.45%.
The Australian S&P/ASX 200 rose 1.02%.
The market value of the world’s largest mining companies BHP and Rio Tinto increased by 3.5% and 1.8%, respectively.
Commonwealth Bank of Australia rose 0.8%, Westpac Banking Corp. – by 1.04%, Australia & New Zealand Banking Group Ltd. – by 1.35%.
The stock indexes of the largest countries in the Asia-Pacific region (APR) are rising in trading on Friday, following the dynamics of the US stock market.
Investors, among other things, analyze statistical data from China and evaluate the statements of the head of the US Federal Reserve System (FRS) Jerome Powell.
The Fed is fully focused on bringing inflation down in the US, Powell said at an online event for the Cato Institute on Thursday.
Powell basically repeated statements he made at a recent symposium at Jackson Hole. He noted that he had decided to be as “short and precise” as possible during the symposium in order to emphasize the Fed’s absolute commitment to returning inflation to the 2% target, The Wall Street Journal writes.
Meanwhile, the European Central Bank (ECB) raised all three key interest rates by 75 bps. following Thursday’s meeting. The base interest rate on loans was raised to 1.25%, the rate on deposits – up to 0.75%, the rate on margin loans – up to 1.5%. The regulator announced its intention to continue raising rates at the next few meetings.
Exchanges in South Korea are closed (autumn holiday Chuseok – full moon day).
The Japanese Nikkei 225 rose by 0.6% by 08:14 Moscow time.
The growth leaders among the components of the index are the shares of the transport company Nippon Yusen K.K. (+3.6%), providing online medical services M3 Inc. (+3.3%) and non-ferrous metals producer Dowa Holdings Co. Ltd. (+2.8%).
Asia’s largest clothing retailer Fast Retailing is up 0.6%, while automotive Nissan Motor Co. – decrease by 0.9%.
China’s Shanghai Composite added 0.6% by 08:16 GMT, while Hong Kong’s Hang Seng edged up 2.4%.
Inflation in China unexpectedly slowed down in August, which indicates weakening domestic demand in the face of quarantine restrictions. Consumer prices (CPI) rose 2.5% year-on-year last month after rising 2.7% in July, the National Bureau of Statistics (GSO) of the People’s Republic of China said.
Analysts on average had expected growth to accelerate to 2.8%, according to Trading Economics.
Producer prices (PPI index) in China last month increased by 2.3% in annual terms – the lowest rate in 18 months. Analysts’ consensus forecast was for a slowdown in August to 3.1% from 4.2% in July.
The growth leaders in Hong Kong are shares of real estate developers Country Garden Holdings Co. Ltd. (+15%), Country Garden Services Holdings Co. Ltd. (+9.5%) and Longfor Group Holdings Ltd. (+6.1%).
The Australian indicator S&P/ASX 200 has gained 0.6% since the market opened.
The market value of the world’s largest mining companies BHP and Rio Tinto increased by 2.5% and 2.2%, respectively.
The stock indices of the largest countries of the Asia-Pacific region (APR) are mostly down on trading on Wednesday, with the exception of the Chinese Shanghai Composite, which is growing slightly.
The Japanese Nikkei 225 fell by 0.76% by 8:24 Moscow time.
The leaders of the fall among the components of the index are the shares of the transport company Nippon Yusen K.K. (-7.3%), electronics manufacturer Sharp Corp. (-6.5%) and transport Mitsui O.S.K. Lines Ltd. (-6.1%).
Quotations of shares of the largest clothing retailer in Asia, Fast Retailing, grow by 0.5%, Nissan Motor Co. – by 2.3%.
China’s Shanghai Composite added 0.04% by 8:31 Moscow time, while Hong Kong’s Hang Seng fell by 1.74%.
China’s foreign trade surplus unexpectedly fell to $79.39 billion in August, a three-month low, according to data from the General Administration of Customs of the People’s Republic of China. A month earlier, the indicator reached a record $101.26 billion.
At the same time, analysts expected an average reduction in August to $92.7 billion, reports Trading Economics.
Exports reached $314.92 billion, which is 7.1% higher than in August last year. For the first time since April, growth rates are expressed in a single-digit number in percentage terms. Imports in August increased by 0.3% in annual terms – up to $235.53 billion.
Experts on average assumed an increase of exports by 12.8% per hour, imports – by 1.1%.
The leaders of the decline in Hong Kong are the shares of the Internet giant Baidu Inc. (SPB: BIDU) (-4.15%), Budweiser Brewing Co. APAC Ltd. (-3.7%) and Alibaba Health Information Technology Ltd. , which provides services for the collection and use of medical data, (-3.5%).
Shares of Tencent Holdings Ltd. fall by 2% on the news that the company acquired a minority stake in the holding company that controls the publisher of the popular video game “Assassin’s Creed” Ubisoft Entertainment SA.
The South Korean Kospi index fell by 1.5% by 8:29 Moscow time.
Shares of one of the world’s largest manufacturers of chips and consumer electronics, Samsung Electronics Co. fell in price by 1.9%, while Hyundai Motor – by 0.5%.
The Australian indicator S&P/ASX 200 has decreased by 1.4% since the opening of the market.
Australia’s GDP in the second quarter of 2022 increased by 0.9% compared to the previous quarter, according to official statistics. Growth was recorded for the third quarter in a row. Australia’s economy grew by 0.7% in the first quarter. Analysts on average expected GDP growth in the second quarter by 1%, according to Trading Economics.
The market value of the world’s largest mining companies BHP and Rio Tinto decreased by 2.1% and 1.5%, respectively.
Hong Kong’s Hang Seng index fell 0.6% by 8:10 qoq, while China’s Shanghai Composite rose 0.3%.
Among the leaders in the fall of quotations on the Hong Kong Stock Exchange are shares of real estate developers Country Garden Holdings Co. Ltd. (-4%) and China Resources Land Ltd. (-3.7%), manufacturer of sports goods Anta Sports Products Ltd. (-2.3%) and PC maker Lenovo Group Ltd. (-2.2%).
Shares of Chinese electric vehicle manufacturers are also actively declining, including NIO Inc. become cheaper by 2% and XPeng Inc. – by 4.1%. Companies reported an increase in deliveries of electric cars in August, but the pace of increase fell short of investors’ expectations, analysts at Citi said.
The value of the Japanese index Nikkei 225 to 8:20 q decreased by 0.02%.
Among the components of the indicator, shares of NEXON Co., a mobile game developer, are depreciating most actively. Ltd. (-3.6%), machine-building Mitsubishi Heavy Industries Ltd. (-2.4%) and oil Idemitsu Kosan Co. Ltd. (-2%).
Meanwhile, Japanese retailers Isetan Mitsukoshi Holdings Ltd. are the leaders of growth. (+2.7%), Seven & I Holdings Co. Ltd. (+2.5%) and J. Front Retailing Co. Ltd. (+2.4%).
The South Korean index Kospi rose by 0.3% by 8:25 a.m.
Shares of automaker Kia Corp. rise in price by 1.2%, one of the world’s largest manufacturers of chips and consumer electronics Samsung Electronics Co. cheaper by 0.9%.
Consumer prices in South Korea in August rose by 5.7% in annual terms, showed data from the statistical office of the country. Inflation slowed down from a 24-year high of 6.3% in July and came in below analysts’ forecast of 6.1%, according to Trading Economics.
The slowdown in the growth of consumer prices in the country was ensured by a slowdown in the rise in prices for food and energy resources, according to the report of the statistical office.
On a monthly basis, consumer prices fell 0.1% last month after rising 0.5% in July.
The Australian S&P/ASX 200 fell 0.1%.
The market value of the world’s largest mining companies BHP and Rio Tinto falls by 2% and 2.6% respectively.
