empty
10.11.2022 04:10 PM
Major Asian indicators show declines up to 1.7%

This image is no longer relevant

The major Asian indicators dropped up to 1.7%. The Shanghai Composite and Australian S&P/ASX 200 indices dropped by 0.39% and 0.5% respectively. Korea's KOSPI fell by 0.91%, as well as Shenzhen Composite and Japan's Nikkei 225 were both down by 0.98% each. The Hong Kong Hang Seng index showed the biggest drop, shedding by 1.7%.

Investors' pessimism was due to a decline in major US and European indicators yesterday. Investors avoid risks during today's trading session, as they are waiting for the latest statistical data on US inflation for October. According to forecasts, consumer price growth in the country declined to 8% from September's reading of 8.2%.

China reported another COVID-19 outbreak. One of the major cities recorded the highest number of cases over the past year.

Among the companies traded on the Hong Kong stock exchange, the biggest losers were Geely Automobile Holdings, Ltd. which fell by 6.5%, BYD, Co. Ltd., down 4.6%, and Shenzhou International Group Holdings, Ltd., declining by 4.7%. Alibaba Group lost 4% and Tencent Holdings, Ltd. slumped by 2.2%.

Among Japanese companies in the industrial sector, the strongest decrease was demonstrated by Kubota, Corp., down 6.7%, and Kobe Steel, Ltd. Ltd., declining by 6.1%.

Despite the fact that according to the results of the quarterly report of Honda Motor, Co. managed to increase its net profit by 14%, the figure did come in line with experts' forecasts, due to which the stock fell by 4.2%.

Due to a 3-fold reduction in net profits in the second quarter of this fiscal year, Japan's Nissan Motor, Co. fell by 0.1%.

Shares of the companies included in the Korean KOSPI show mixed results. Samsung Electronics fell by 2.1%, while Hyundai Motor gained 0.6%.

According to the latest statistical data, inflation expectations in Australia have increased to 6% this month compared to the previous month's reading of 5.4%. The increase in this indicator was recorded for the first time in the last five months.

In Australia, BHP decreased by 1.5%, and its competitor Rio Tinto dropped by 0.3%.

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

STOXX 600 storms the peaks: where is the growth heading and what awaits investors

Cisco rises after raising its forecasts for the financial year UnitedHealth falls on the news that it faces a criminal investigation European STOXX 600 index is set for a fifth

Thomas Frank 11:22 2025-05-16 UTC+2

USD: Weak on the Surface – Strong at the Core. The Game Isn't Over, the Dollar Prepares an Unexpected Move

A new phase is beginning in the currency market, where economic fundamentals and geopolitical strategy shape the U.S. dollar's exchange rate. The U.S. administration is subtly considering the idea

Anna Zotova 00:39 2025-05-16 UTC+2

Stock market rollercoaster: AMD soars, American Eagle falls, investors are confused

Indices mixed: Dow down 0.21%, S&P 500 up 0.10%, Nasdaq up 0.72% European stocks fall after four sessions of gains American Eagle Outfitters falls after withdrawing fiscal year guidance

Thomas Frank 12:59 2025-05-15 UTC+2

US Market News Digest for May 15

Shares of JPMorgan Chase continue to climb steadily towards the 295.25 level, supported by strong investor demand and solid financial results from the bank. This positive momentum stems from broader

Ekaterina Kiseleva 12:35 2025-05-15 UTC+2

US Market News Digest for May 14

IBM stock continues to climb, supported by technical chart signals pointing to a potential move towards the $265.90 level. Investors are showing interest in the company's stock, backed by strong

Ekaterina Kiseleva 12:40 2025-05-14 UTC+2

Europe in the green, Fed under pressure: traders believe in rate cuts

Pause in US-China tariffs lifts sentiment, but concerns remain European stocks rose for the fourth straight session, and global stocks also rose Traders are betting on a Fed rate

Thomas Frank 11:07 2025-05-14 UTC+2

US Market News Digest for May 13

Citigroup shares are posting steady gains after breaking above key technical levels, signaling potential for continued upside. Market participants view the bank's stock as promising amid signs of stabilization

Ekaterina Kiseleva 12:38 2025-05-13 UTC+2

NRG Energy soars after $12 billion deal — new players in energy?

Indices rise: Dow 2.81%, S&P 500 3.26%, Nasdaq 4.35% Stocks outperform safe havens on trade easing Apple rises on report of considering iPhone price hike Wall Street fear gauge dips

Thomas Frank 12:11 2025-05-13 UTC+2

US Market News Digest for May 12

US stock indices are advancing on a wave of optimism surrounding potential progress in trade negotiations between Washington and Beijing. Investors are hopeful that an eventual agreement could ease geopolitical

Ekaterina Kiseleva 15:25 2025-05-12 UTC+2

Hope for Trade Peace: How US-China Talks Have Rocked European Stock Exchanges

Markets rise: US and China are getting closer in trade talks. UniCredit in the green: profit above expectations, forecast raised. Pharmaceuticals weaken: shares of large companies fell by 1-5%. Futures

Thomas Frank 11:02 2025-05-12 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.