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

Boeing climbs, Best Buy falls as investors rebalance across sectors

Best Buy shares fell after the company cut its full-year sales and earnings forecasts. Boeing, on the other hand, gained ground as its CEO announced plans to ramp up production

13:49 2025-05-30 UTC+2

US Market News Digest for May 30

The S&P 500 opened the session on a positive note but soon reversed course after officials clarified that previously overturned tariffs would remain in place pending the outcome

Ekaterina Kiseleva 12:20 2025-05-30 UTC+2

Boeing Gains, Best Buy Falls: Why Investors Are Betting on Different Assets

Best Buy Falls After Full-Year Sales, Profit Outlook Shrink Boeing Gains as CEO Looks to Boost 737 MAX Production Japan's Nikkei Lagging as Yen Strengthens on Safe Haven Demand Indices

Thomas Frank 10:10 2025-05-30 UTC+2

US Market News Digest for May 29

Markets reacted to a US Court of International Trade ruling that found the Trump administration's tariff actions exceeded its authority. The decision has introduced fresh uncertainty for the S&P

Ekaterina Kiseleva 11:15 2025-05-29 UTC+2

Stock storm: Nvidia soars, Dow falls, court knocks down Trump tariffs

Nvidia shares up 5% after close; co reports quarterly results Dick's Sporting Goods rises after Q1 results beat expectations US trade court blocks Trump tariffs European stocks rise

Thomas Frank 10:49 2025-05-29 UTC+2

From Nvidia to Xiaomi: What's Driving Stock Market Growth and Decline Today

Indices Rising: Dow 1.78%, S&P 500 2.05%, Nasdaq 2.47% Consumer Confidence Recovers in May Temu Parent PDD Holdings Falls on Quarterly Revenue Slip Chinese Xiaomi Shares Set to Rise 2.3%

Thomas Frank 12:06 2025-05-28 UTC+2

Whoever doesn't risk a recession doesn't reduce the national debt? Trader's calendar on May 29–31

To be at the center of global attention and to "shape the planet's destiny" — that's what Donald Trump enjoys most. For him, it's essential to constantly generate headlines

Svetlana Radchenko 11:47 2025-05-28 UTC+2

US Market News Digest for May 28

The S&P 500 index has broken through the key 5,908 level, signaling the end of its recent correction and opening the door to further upside. A break above the resistance

Ekaterina Kiseleva 11:25 2025-05-28 UTC+2

US Market News Digest for May 27

US President Donald Trump announced a 50% tariff on imports from the EU, yet financial markets responded with restraint. Investors are increasingly adopting a "threat and retreat" strategy, buying stocks

Ekaterina Kiseleva 11:54 2025-05-27 UTC+2

Nvidia on the agenda: markets await quarterly report, dollar nears fifth straight monthly decline

Stock markets showed mixed dynamics on Tuesday after Donald Trump unexpectedly postponed the introduction of the promised 50% tariffs on goods from the European Union. The move only increased uncertainty

Thomas Frank 11:31 2025-05-27 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.