empty
09.08.2022 11:37 PM
Asian stock market mostly up to 1%

This image is no longer relevant

The Asian stock market posted mostly up to 1%. The only index that showed a decline was the Japanese Nikkei 225, which fell by 0.98%. The Hong Kong Hang Seng Index, on the other hand, increased by the same amount - by 0.99%. The rest of the indexes fell somewhere between these two, with China's Shanghai Composite and Shenzhen Composite adding 0.31% and 0.19%, respectively. The Australian S&P/ASX 200 gained 0.1% and the Korean KOSPI gained 0.39%.

The growth of Asian indices, as usual, contributes to the increase in US indicators. In turn, US stock indicators are growing due to the receipt of preliminary information about the expected reduction in the rate of inflation. Thus, according to analysts' expectations, in the previous month, price growth slowed down to 8.7% from the June level of 9.1%.

At the same time, the aggravation of the geopolitical situation associated with the situation around the visit of the representative of the US Parliament to Taiwan may at any moment affect the behavior of bidders. According to the latest information, China intends to continue military exercises near Taiwan, as well as to conduct them on a regular basis.

Among the representatives of the Japanese Nikkei 225, the decrease in the share price was demonstrated by SoftBank Group Corp. (-7.5%) due to the company's key fund receiving a net loss totaling $21.68 billion due to a decrease in quotes of securities of technology sector enterprises.

As a result of the decrease in net profit of Tokyo Electron, Ltd. by 12% due to an increase in production costs, the company's stock quotes fell by 9%.

Among Chinese companies, Country Garden Services Holdings, Co., Ltd. showed the largest increase in the value of securities. (+6%), China Unicom (Hong Kong), Ltd (+3.5%), and Xinyi Solar Holdings, Ltd. (+2.5%).

Shares of Cathay Pacific Airways edged down slightly by 0.4%, although they posted record gains during trading on the back of news that the Hong Kong government intends to phase out restrictive measures.

South Korean CheilJedang, Corp. showed a 9% increase in share price in connection with the provision of strong corporate reporting for the past quarter. The company managed to get a net profit that exceeded market expectations.

At the same time, the value of the securities of Samsung Electronics, Co. fell by 1.2%, while Kia, Corp. and LG Electronics, Inc., on the contrary, increased by 0.12% and 0.3%, respectively.

Australia recorded an increase in business confidence in July by 5 points compared to the June level. Its final increase for the previous month was 7 points. At the same time, there is a decrease in the consumer confidence indicator in August to 81.2 points from the July level of 83.8 points.

Stock quotes of Megasport, Ltd. increased by 9% due to the fact that the company managed to reach a profitable level in the fourth quarter of the financial year.

Quotes of National Australia Bank, Ltd. decreased by 3%, although the company was able to increase the value of net profit in the third quarter of the fiscal year to 1.85 billion Australian dollars (equivalent to 1.29 billion US dollars) from last year's mark of 1.65 billion.

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

Earnings parade: From Adidas sneakers to Boeing jets, quarterly reports push the market

Indices up: Dow 1.07%, S&P 500 1.67%, Nasdaq 2.50% Bessent calls US-China tariffs unsustainable, Trump open to talks Tesla, Boeing rise after quarterly results European stocks fall as investors weigh

Thomas Frank 13:15 2025-04-24 UTC+2

US Market News Digest for April 24

US stock indices, including the S&P 500 and Nasdaq 100, posted solid gains on optimism about progress in trade negotiations. Despite the lack of a clear position from the White

Ekaterina Kiseleva 11:05 2025-04-24 UTC+2

Trump acts, markets react: Nikkei up 2%, USD rallies

The Nikkei surged more than 2%, S&P 500 futures extended their rally, and the dollar jumped after US President Donald Trump said he has no plans to fire Fed Chairman

12:35 2025-04-23 UTC+2

US Market News Digest for April 23

The US market is showing renewed signs of instability. Positive signals about a potential de-escalation in the trade conflict with China are fueling hope, but experts warn against excessive optimism

Ekaterina Kiseleva 12:17 2025-04-23 UTC+2

Trump says markets react: Nikkei up 2%, dollar strengthens, China awaits outcome

Nikkei jumps more than 2%, S&P 500 futures continue rally Dollar jumps as Trump says he has no plans to fire Powell Hopes for China tariff easing, but no deal

Thomas Frank 10:52 2025-04-23 UTC+2

US Market News Digest for April 22

The S&P 500 and Nasdaq 100 continue to slide as mounting concerns over slowing economic growth and the impact of trade tariffs weigh on sentiment. The market remains volatile, with

Ekaterina Kiseleva 11:13 2025-04-22 UTC+2

Trump, Fed, and gold at $3,000? Markets respond to alarming signals

Investors are worried about the Fed's independence under Trump. US assets are falling, and the dollar is at a three-year low against the euro. Safe-haven currencies like

11:46 2025-04-21 UTC+2

US Market News Digest for April 21

The S&P 500 and Nasdaq slipped once again after Donald Trump lashed out at the Federal Reserve. His comments called the independence of the central bank into question, amplifying inflation

Ekaterina Kiseleva 11:41 2025-04-21 UTC+2

Trump, Fed, $3,000 Gold? Markets React to Red Flags

Investors Worried About Trump Fed Independence US Assets Fall, Dollar Hits Three-Year Low Against Euro Safe-Haven Yen, Swiss Franc Rise Gold Hits New Record High South Korea Stock Market

Thomas Frank 10:18 2025-04-21 UTC+2

US Market News Digest for April 18

Donald Trump ratcheted up his criticism against Federal Reserve Chairman Jerome Powell, once again calling for an immediate interest rate cut. This renewed political pressure adds to the tensions surrounding

Ekaterina Kiseleva 12:09 2025-04-18 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.