empty
 
 
11.10.2021 09:05 PM
Asian stock indicators show mixed trend

This image is no longer relevant

Asian stock indicators are mixed today. Hong Kong's Hang Seng gained 2.01%, while the Shanghai Composite rose 0.17%. Japan's benchmark Nikkei 225 was up 1.45% and Australia's S&P/ASX 200 inched down 0.4%. The markets in South Korea are closed today due to Hangul Day.

The growth on the Hong Kong stock exchange is primarily caused by the start of trade policy talks between the US presidential administration and the PRC.

Electricity supply problems in China and India lead to constant interruptions and blackouts. Against this backdrop, China is increasing its coal production to ensure an uninterrupted power supply.

In addition to the energy crisis, traders reacted to the news from Lenovo, which canceled plans to issue Chinese depositary receipts on the Shanghai exchange. It caused the company's securities to drop 14.6%.

On the Hong Kong stock exchange, technology companies are showing the biggest gains. According to experts, they will continue to strengthen their position both in China and globally.

Alibaba Group Holding Ltd. shares jumped as much as 9,4% and Meituan added 9.2%. Tencent Holdings climbed 3%. Shares of Chinese automakers BYD Co. Ltd. and Geely Automobile Holdings Ltd. add 4.7% and 2.5%, respectively. At the same time, the shares of China Merchants Bank Co. Ltd. grow in price by 5.5%, while China Life Insurance Co. Ltd. added and 2.4%.

In Hong Kong, shares of developer China Resources Land Ltd. are falling. (-2.4%), Country Garden Holdings Co. Ltd. (-1.9%) and Henderson Land Development Co. Ltd. (-1.6%).

The new Prime Minister of Japan said in his keynote speech that he had no plans to raise taxes on income from investments and dividends, which reassured many traders actively investing in Japanese companies.

In the Japanese market, shares of technological Panasonic Corp. are actively growing. (+ 6.2%) and Sony Group Corp. (+ 4.3%), automakers Nissan Motor Co. Ltd. (+ 5.8%) and Mitsubishi Motors Corp. (+ 5.6%), and investment group SoftBank Group Corp. (+ 4.9%).

Despite the drop in the Australian indicator, Fortescue Metals Group, Ltd., Rio Tinto, Ltd. and BHP Group, Ltd. gained 5.3%, 2% and 1%, respectively.

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 $9000 más!
    ¡En Mayo, sorteamos $9000 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