|

The stock markets of Asia Pacific change in different directions

Stock indexes in the Asia-Pacific region (APR) are trading mixed on Wednesday: the markets calmed down a bit after the recent shake-up, and at the forefront of local factors, writes MarketWatch.

Japanese index Nikkei 225 loses in the course of trading 0.4 percent, Hong Kong’s Hang Seng gaining 1.1%, the Chinese Shanghai Composite is 0.2%, South Korea’s KOSPI was 0.9%, Australia’s S&P/ASX 200 losing 0.3 percent.

Thursday exchanges China and South Korea close to the end of the week to celebrate the New year according to the Lunar calendar, on Friday, will be closed and the Hong Kong market. Chinese markets will not be run until February 22.

Pressure on the Japanese market in the environment has a strengthening of the yen against the U.S. dollar.

Cautious investors amid increased volatility in the financial markets supported the yen, which is considered the currency “quiet Harbor”, the analyst United Overseas Bank in Singapore Heng kun HOU .

Statistical data, published on Wednesday, pointed to slowing growth in Japan’s GDP in the fourth quarter of 2017.

However, the Japanese economy in October-December 2017 rose at the end of the eighth quarter in a row, which is the longest period of sustained growth of GDP since the late 80-ies.

According to preliminary data released by the Cabinet of Ministers of Japan on Wednesday, the GDP volume in the fourth quarter of last year has grown on 0,5% in annual terms and by 0.1% compared with the previous quarter. Third-quarter growth was respectively 2.2% and 0.6%.

Experts interviewed by The Wall Street Journal, predicted the increase in Japanese GDP in October-December by 0.9% in annual terms and by 0.2% the previous quarter.

Shares Of Panasonic Corp. Wednesday lose 1.5%, Canon – 0,6%, Toyota Motor is 1.7%.

The rise in the value of securities Samsung Electronics (+2,8%), supports the South Korean market.

Shares of the Internet company Tencent Holdings at auction in Hong Kong gained 1.7%.

Leave a comment

Confirm that you are not a bot - select a man with raised hand: