empty
 
 
16.11.2021 03:22 PM
Asian indicators show mixed results

This image is no longer relevant

Asian indicators are showing a mixed trend in Tuesday's trading. China's Shanghai Composite fell slightly by 0.12%, while Hong Kong's Hang Seng Index showed a solid gain of 1.16%. At the same time the South Korean KOSPI dropped 0.17%, the Australian S&P/ASX 200 was down 0.86% and the Japanese Nikkei 225 gained slightly by 0.08%.

This mixed direction of the region's indicators is due to a number of reasons. Firstly, traders are monitoring the talks between the US president and the Chinese leader. He said he intended to work with the US to achieve positive results for both countries.

Another factor is traders' wariness about the potential for economic recovery and growth in the PRC due to an increase in the number of coronavirus-infected people and a reduction in the country's capital funding.

Galaxy Entertainment Group, Ltd. (+7.1%), Sands China, Ltd. (+7%), Sino Biopharmaceutical, Ltd. (+4.1%) and automaker Geely Automobile Holdings, Ltd. (+3,8%) were the biggest gainers on the Chinese stock exchanges. Tencent Holdings, Alibaba Group, Xiaomi Corp. added 1.7%, 1.9% and 1.9% respectively.

According to experts, the Japanese stock market is set to grow more strongly than other markets in the Asia-Pacific region in the near future thanks to the economic stimulus measures of the country's new government and the depreciation of the national currency.

Shares of GS Yuasa Corp., Nexon Co. and Subaru have gained more than others on the Japanese stock exchange to date. They have risen by 6.6%, 6.3% and 5%, respectively. Shares of Advantest (+1.1%), Sony (+1.4%), SoftBank Group (+1.8%) and Fast Retailing (+0.2%) were also up.

On the South Korean stock exchange, Samsung Electronics Co. rose 0.1% while Hyundai Motor fell 1.7%.

Experts estimate that the rate of increase in consumer prices in Australia is expected to slow down over the next year and a half. Rates will only rise once the country's inflation situation has stabilized. Notably, the Australian central bank has left the interest rate at its lowest level of 0.1% and also announced its intention to continue buying government bonds for a total of A$4 billion (which is equivalent to US$3 billion).

According to the Central Bank, interest rates will increase when full employment is achieved and the inflation rate is 2-3%. These goals should be met by 2024. According to preliminary estimates, the inflation rate in the country will be 2.25% by the end of 2022 and 2.5% after another year. The country's GDP growth is forecast to be 3% in 2021, 5.25% the following year and 2.5% in 2023.

Following the decline in the Australian indicator, BHP was down 2.7% and Rio Tinto lost 2.2%. Nearmap, Ltd. fell in price by 4.1%. The share price of Australian banks also declined. Commonwealth Bank fell 0.1% and National Australia Bank dropped 0.7%.

Anastasia Kravtsova,
Experto analítico de InstaForex
© 2007-2024
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Abril, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback