empty
08.04.2021 09:08 AM
Asian stock markets show conflicting sentiment

This image is no longer relevant

The document also confirmed that the Fed does not plan to abandon the asset buyback program in the near future. The meeting participants said it will take some time to make progress towards the goals of full employment and price stability. Until this progress is made, the volume of asset repurchases should remain at least at the current level.

The Japanese Nikkei 225 Index dropped 0.23% by 8:18 GMT + 2.

Japan's current account surplus narrowed to 2.917 trillion yen in February from 3.061 trillion yen in the same month last year. Analysts had forecast an average of 1.966 trillion yen. Exports fell 4% while imports jumped 11.8%.

Meanwhile, the consumer confidence index in the country in March rose to 36.1 points compared to 33.8 points a month earlier. This is the highest level in the last thirteen months.

Among the leaders in the fall in quotations are shares of Oki Electric Industry Co. (-4%), as well as representatives of the financial industry Chiba Bank (-3.9%), Shinsei Bank (-3.2%) and Mitsubishi UFJ Financial Group (-3.1%).

Consumer electronics maker Sony dropped 2.2%, investment technology SoftBank Group sank 0.1%, and chip maker Advantest fell 3.2%.

Meanwhile, the capitalization of Asia's largest apparel retailer Fast Retailing rose 1.4%, Japan Exchange Group Inc. increased by 1.8%.

The Chinese Shanghai Composite Index by 8:23 GMT + 2 increased by 0.25%, the Hang Seng in Hong Kong rose by 0.8%.

The most significant increase in the price of Techtronic Industries Co. shares during trading on the Hong Kong Stock Exchange. (+ 5.5%), insurer AIA Group (+ 4.7%), semiconductor manufacturer AAC Technologies Holdings Inc. (+ 3.9%), China Mengniu Dairy Co., the largest dairy producer in the country. (+ 3.3%), brewery Budweiser Brewing Co. APAC Ltd. (+ 2.9%) and online retailer Alibaba Group Holding Ltd. (+ 2%).

In addition, shares of the automaker Geely Automobile Holdings (+ 2%), chip maker Sunny Optical Technology Group Co. (+ 2%), consumer electronics manufacturer Xiaomi Corp. (+ 0.2%).

At the same time, the quotations of shares of the oil producer CNOOC fell 3%, the Internet giant Tencent Holdings fell 0.6%.

South Korean Kospi index added 0.15% by 8:39 GMT.

Market value of one of the world's largest chipmakers Samsung (KS: 005930) Electronics Co. fell 1.4%, auto maker Hyundai Motor rose 0.7%.

Australian S & P / ASX 200 added 0.9% by 8:39 GMT + 2 and approached the maximum level in 14 months.

Capitalization of the world's largest mining companies BHP and Rio Tinto increased by 1.8% and 1.3%, respectively, on the back of higher iron ore prices.

Thomas Frank,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Bitcoin bulls and bears engaged in tug-of-war. BTC barely reacts to US inflation

Currently, the flagship cryptocurrency is aiming for new highs, but it is still facing obstacles along the way. The latest challenge comes from the ongoing battle between bulls and bears

Larisa Kolesnikova 16:51 2025-06-16 UTC+2

US Market News Digest for June 16

US equity indices ended Friday's session in the red as escalating tensions between Israel and Iran drove oil prices higher and fueled market uncertainty. The S&P 500 fell by 1.13%

Ekaterina Kiseleva 13:50 2025-06-16 UTC+2

US Market News Digest for June 13

Despite the ongoing S&P 500 rally, investors remain interested in stocks, largely ignoring the mounting risks and instability in the global economy. This confidence is fueled by expectations of further

Ekaterina Kiseleva 12:29 2025-06-13 UTC+2

US Market News Digest for June 12: US stock market closes lower in light of US-China trade deal

US stock markets ended the session lower after the US and China had nailed down the highly anticipated trade deal. Despite the positive news backdrop, investors began to lock

Ekaterina Kiseleva 16:31 2025-06-12 UTC+2

Robinhood drops from the S&P 500 — domino effect hits global markets

Robinhood shares fell after the trading platform was excluded from the S&P 500. Warner Bros. stock declined following the company's announcement of plans to restructure its business. European stocks slid

14:54 2025-06-11 UTC+2

Daily contrasts: Nikkei rises, EUR slips, global markets hold breath ahead of US-China talks

J.M. Smucker declines. The World Bank cuts its 2025 global growth forecast. Nikkei advances, while Wall Street futures and the euro weaken. The dollar shows little movement, and bond markets

14:31 2025-06-11 UTC+2

US Market News Digest for June 11

The US stock market has reached projected levels and now enters a "quiet scouting phase" as investors await the release of key inflation figures. The upcoming data

Ekaterina Kiseleva 13:57 2025-06-11 UTC+2

Contrasts of the day: Nikkei up, euro down, world holds breath ahead of US-China talks

J.M. Smucker falls after pessimistic forecast World Bank cuts global growth forecast for 2025 Nikkei up, Wall Street futures and euro fall Dollar little changed, bonds await CPI and auction

Thomas Frank 07:48 2025-06-11 UTC+2

Rates rise: markets Await CPI, Trump clashes with Musk, Qualcomm acquires Alphawave

The May CPI report is set for release on Wednesday. A budget bill takes center stage amid a public disagreement between Trump and Musk. Alphawave surged following news

14:05 2025-06-10 UTC+2

US Market News Digest for June 10

The S&P 500 and Nasdaq 100 indices posted notable gains, driven by upbeat expectations ahead of the upcoming US-China trade negotiations. Investors are betting on a potential easing of tariffs

Ekaterina Kiseleva 12:52 2025-06-10 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.