empty
 
 
14.10.2021 03:11 PM
Asian stock indicators rise on Thursday trading

This image is no longer relevant

Asian indicators on Thursday mainly show growth, following the US indices. The largest growth is shown by the Japanese Nikkei 225 indicator and the South Korean KOSPI, which added 1.44% and 1.27%, respectively. Less noticeable growth was shown by the Shanghai Composite indicator, which increased by only 0.31%, and the Australian S&P/ASX 200, which rose by 0.94%. Trading on the Hong Kong Stock Exchange is not held today due to the weekend.

Several factors contribute to the growth of Asian indices. First, investors are encouraged by the results of the September meeting of the US Federal Reserve, which shows that the government may begin to curtail some measures to stimulate the country's economy as early as next month of this year. It indicates an optimistic mood regarding the pace of economic recovery, although concerns remain about the high level of inflation.

Analysts attribute the rise of the Japanese and Korean indices to the rise in the value of securities of high-tech companies following the rise of American companies in this area. Thus, the securities of Sony and Panasonic companies added 1.1% each, the value of SK Hynix shares increased by 1.6%, Samsung Electronics - by 0.4%.

According to statistics, production volumes in Japan decreased by 3.6% in the last month of summer compared to the July figure. At the same time, according to analysts' forecasts, the indicator should have decreased by 3.2%. The decline in production is associated with the consequences of a new wave of coronavirus. The automotive and electrical equipment industries were also affected. Shares of Toyota Motor and Honda Motor rose 0.3%, while Nissan fell 0.2%.

The S&P/ASX 200 indicator also rose against the background of the share price of the largest Australian companies. Thus, BHP Group shares rose 0.6%, Rio Tinto - by 1.2%. South32 securities added 4.9% due to the acquisition of copper assets worth $ 2.05 billion.

Also, traders' attention is drawn to statistical data from China. The main indicator of inflation (consumer price index) increased by 0.7% last month, contrary to experts' forecasts who expected an increase in this indicator by 0.8%.

At the same time, producer prices in China increased significantly by 10.7% due to an increase in prices for raw materials, namely energy resources. This growth was recorded in the country for the first time in the last 25 years.

Anastasia Kravtsova,
Analytical expert of InstaForex
© 2007-2024
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
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback