empty
15.09.2022 04:15 PM
Asian indicators show mixed trading

This image is no longer relevant

Major Asia-Pacific indicators showed mixed trading. Some of them slightly increased. The Australian S&P/ASX 200 index gained 0.27%, the Hang Seng Index increased by 0.25%, the Japanese Nikkei 225 index jumped by 0.19%. Other indicators declined. The Korean KOSPI lost 0.2%, while the Chinese Shanghai Composite and Shenzhen Composite decreased by 1.01% and 2.15% respectively.

The Asian indicators showed such results due to several reasons. Thus, the Japanese indicator was boosted by the release of fresh statistical data that the country saw a 49.9% year-on-year increase in the volume of imports in August. In addition, growth of exports by 22.1% relative to the same period of 2021 was noted. This indicator has been increasing for a year and a half. Thus, Japan's trade deficit was at an all-time high of 2.817 trillion yen.

Among the components of the Nikkei 225, shares of Shiseido gained 2.1%, East Japan Railway soared by 2%, Suzuki Motor jumped by 1.8%, and Nintendo and Nissan Motor added 1.7% each.

At the same time, Toho Zinc lost 2.8%, Nippon Steel declined by 2.2%, and Kobe Steel dropped by 1.7%.

China's GDP worsened investors' sentiment as the country's GDP is expected to decrease to 2.8% this year. This is due to the introduction of COVID-19 restrictions, as well as the prolonged recession in construction and real estate.

At the same time, China's central bank allocated £400 billion ($57.9 billion) for the implementation of a program of medium-term lending. Also, the regulator left the key rate at the same level of 2.75%, which was expected by analysts.

Among the Hong Kong Stock index companies, Country Garden Holdings, Co. gained 9.1%, Longfor Group Holdings, Ltd. added 6.2%, and China Resources Land, Ltd. soared by 5.9%.

Ping An rose slightly less, gaining 1.9%, CNOOC added 1.6%, and Budweiser Brewing, Co. APAC, Ltd. jumped by 1.4%.

At the same time, Geely fell by 2.8%, and BYD decreased by 1.7%.

Among the components of the Korean KOSPI, Samsung Electronics decreased by 1.1%, while Hyundai Motor increased by 0.25%.

In Australia, there was an increase in unemployment for August to 3.5% from July's level of 3.4%. This figure exceeded analysts' expectations who predicted it would remain unchanged, as it has not been increased for almost a year.

Despite this, the Australian indicator grew, which was due to the rise in the price of shares of the largest companies in the country. Thus, Woodside Energy rose by 4.4%, and Santos increased by 3.5%.

Other major companies also showed growth. BHP rose by 0.5%, and Rio Tinto added by 0.2%.

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.