empty
02.09.2022 04:04 PM
Asia-Pacific indices trading mixed

This image is no longer relevant

Asia-Pacific stock indices show mixed trading. Some of the indicators are declining. Hong Kong's Hang Seng Index decreased by 0.65%, and Australia's S&P/ASX 200 slightly dropped by 0.01%. Other indicators are rising. The Shanghai Shanghai Composite index added 0.28%, almost as much as the KOSPI which added 0.22%, Shenzhen Composite rose by 0.65%, and Japan's Nikkei 225 gained 0.36%.

Investors are awaiting the release of the US labor market data, as this information may influence further decisions on the subsequent interest rate hike. According to preliminary estimates, unemployment in August remained unchanged at 3.5%, and the number of unemployed in the agricultural sector rose by 300,000. Moreover, if the increase in jobs really is such a number, analysts predict that the rate will be raised by 0.75% already this month.

Among Chinese companies, Country Garden Holdings, Co., Ltd. dropped by 4%, China Resources Land, Ltd. declined by 3.7%, Anta Sports Products, Ltd. lost 2.3%, and Lenovo Group, Ltd. decreased by 2.2%.

NIO, Inc. and XPeng, Inc. plummeted by 2% and 4.1% respectively. Electric car shipments rose in August. At the same time, the growth rate fell short of investors' forecasts.

Among the Japanese Nikkei 225 components, Isetan Mitsukoshi Holdings, Ltd. added 2.7%, Seven & I Holdings, Co., Ltd. jumped by 2.5%, and J. Front Retailing, Co., Ltd. gained 2.4%.

South Korea saw a 5.7% year-on-year increase in inflation in August, which was lower than analysts had expected, predicting a 6.1% hike. However, inflation was down from 6.3% in July, which was a two-year record for this indicator. On a monthly basis, the increase in consumer prices declined by 0.1% compared to July's increase of 0.5%. The decline in inflation was due to a decrease in the growth rate of food and energy prices.

The components of the Korean indicator were trading mixed. Kia, Corp. rose by 1.2%, while Samsung Electronics, Co. fell by 0.9%.

Among Australian companies, there was a 2% drop in the price of BHP securities. Rio Tinto declined by 2.6%.

Anastasia Kravtsova,
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

US Market News Digest for March 21

US stock market in limbo despite positive economic data such as unexpected growth in existing home sales On Thursday, US benchmark stock indices closed in the red: the Dow Jones

Natalia Andreeva 14:48 2025-03-21 UTC+2

Fed's actions to keep BTC from falling? BTC seeks stability

Some analysts believe that the Federal Reserve's current monetary policy—particularly its decision to hold interest rates steady and slow down quantitative tightening (QT)—could provide meaningful support for Bitcoin. According

Larisa Kolesnikova 13:11 2025-03-21 UTC+2

Nasdaq and S&P 500 Fall: Correction Begins or Temporary Panic?

Weekly Jobless Claims Rise to 223,000 Accenture Falls After Fed Contract Cancellation Report PBOC, BoE, Riksbank Hold Rates, Switzerland Cuts Darden Restaurants Rises After Earnings and Guidance Gold Falls From

Thomas Frank 10:11 2025-03-21 UTC+2

US Market News Digest for March 20

Although the S&P 500 shows optimism, its growth since March 14 has been viewed as more of a correction. A move toward the target range of 5,881–5,910 becomes more likely

Ekaterina Kiseleva 11:26 2025-03-20 UTC+2

Gold on Fire: Ounce Breaks $3,057, Indexes Also Up

Fed Leaves Rates Unchanged, As Expected Central Bank to Reduce Balance Shelf Life Powell Signals Impact of Tariffs Is Difficult to Determine Gold Hits Record High of $3,057.21 an Ounce

Thomas Frank 10:26 2025-03-20 UTC+2

US Market News Digest for March 19

Nvidia, which should have been celebrating the start of its annual developer conference, saw its shares fall instead. Tesla, still reeling from Elon Musk's latest adventures, took a hit from

Natalia Andreeva 10:52 2025-03-19 UTC+2

Markets in fear: Nasdaq plunges 1.71% while gold hits record highs

Tech stocks sink as gold surges to a new record Nvidia dropped as the conference annual of software developers kicked off. Tesla fell after RBC cut its price target

09:35 2025-03-19 UTC+2

Markets in fear: Nasdaq plunges 1.71%, gold hits record highs

Nvidia falls as annual software developers conference begins Tesla falls after RBC cuts price target Gold hits all-time high of $3,038.90 an ounce Alphabet falls after $32 billion deal

Thomas Frank 06:48 2025-03-19 UTC+2

US Market News Digest for March 18

February data revealed a 0.2% increase in US retail sales, signaling robust consumer activity. However, New York's manufacturing activity declined in March, pointing to localized economic weakness. Despite these mixed

Ekaterina Kiseleva 13:51 2025-03-18 UTC+2

EUR/USD Pauses as S&P 500 Forecasts Worsen – How to Find Balance?

The global market is currently struggling to find balance in key currency pairs and stock instruments. This is particularly challenging given the recent decline of the euro and the weakness

Larisa Kolesnikova 07:52 2025-03-18 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.