empty
25.08.2022 05:04 PM
Stock Asia is now seeing mostly an increase of up to 1.5%

This image is no longer relevant

Stock Asia is now seeing mostly an increase of up to 1.5%. Only the Shenzhen Composite index, which lost 0.39%, is declining. All other indicators show an increase: the Shanghai Composite index – by 0.41%, the Australian S&P/ASX 200 index – by 0.64%. The Japanese Nikkei 225 index rose by almost the same amount - by 0.63%. The Korean KOSPI grew more than others – by 1.01%. Trading on the Hong Kong stock exchange began later than usual due to a natural disaster, but the Hang Seng Index has already gained 1.5%.

Although bidders are still waiting for any information from the head of the US Federal Reserve at his next speech, experts believe that he will not give any clear signals.

Among the components of the Hang Seng Index, the increase in the price of securities was demonstrated by China Mengniu Dairy Co., Ltd. (+5.3%), JD.com, Inc. (+5.1%), Alibaba Group Holding, Ltd. (+4.4%), and Meituan (+3.8%).

Share price of China Resources Pharmaceutical Group, Ltd. grew by 2% due to a 24% increase in net profit in January-June 2022. This was facilitated by the growth in revenues of the company's drug manufacturing department.

Share price of China Tourism Group Duty Free, Corp. fell by 24% during its first trading on the exchange.

The attention of bidders was also attracted by the decision of the Korean Central Bank to raise the interest rate by 25 points, to 2.5%. This is the fourth increase in a row. However, investors were ready for such a decision. It is worth recalling that during the previous meeting in South Korea, the rate was increased by 50 points. Also, the central regulator worsened the forecast for the country's GDP growth for 2022 to 2.6% from the May forecast of 2.7%. Expectations regarding inflation growth also changed for the worse: from 4.5% to 5.2%.

Share price of Samsung Electronics, Co. increased by 1%, while Hyundai Motor, Co. – by 1.9%.

The Central Bank of Japan announced the continuation of the easing of monetary policy. The bank's management is convinced that the growth of inflation against the backdrop of rising energy costs will not become sustainable.

Among the components of Japan's Nikkei 225 index, the growth in share price was demonstrated by Unitika, Ltd. (+5.9%), Japan Steel Works, Ltd. (+5.5%), and Daiichi Sankyo, Co., Ltd. (+ 4.7%).

Among Australian companies, Paladin Energy, Ltd. has seen a rise in share prices by 11.5%, thanks to information that Japan plans to build a nuclear power plant, for which the country will need uranium.

Securities price of EML Payments, Ltd. increased by 2.5% after the announcement of the launch of a securities buyback program for a total of 20 million Australian dollars (equivalent to 13.8 million US dollars).

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

Gold shines in crisis: best quarter since 1986 amid global turmoil

The Nikkei drops 4% and Nasdaq futures fall 1.4%. Trump signals US tariffs will target all countries. Gold posts its best quarter since 1986, while the dollar heads

12:51 2025-03-31 UTC+2

US Market News Digest for March 31

The US market kicked off the week with a broad-based sell-off, driven by rising talk of retaliatory trade tariffs and deteriorating consumer confidence. Investors are bailing out of stocks

Irina Maksimova 12:16 2025-03-31 UTC+2

Gold: The New Crisis King? Best Quarter Since 1986 Amid Global Turmoil

Nikkei Falls 4%, Nasdaq Futures Fall 1.4% Trump Says U.S. Tariffs Will Apply to Every Country Gold Has Best Quarter Since 1986 Dollar Heading for Worst First Quarter Since Global

Thomas Frank 09:35 2025-03-31 UTC+2

Trump pulls strings — stock market sinks in response

Auto stocks tumble after Trump's tariff strike. Advanced Micro Devices slips. Jobless claims rise to 224,000. Dollar strengthens against Canadian dollar, Mexican peso. S&P 500 -0.33%, Nasdaq -0.53%, Dow -0.37%

11:46 2025-03-28 UTC+2

US Market News Digest for March 28

The White House imposed 25% tariffs on automobiles and parts, triggering a sell-off in the auto manufacturing sector and broad declines in major stock indices. The Dow Jones, S&P

Irina Maksimova 11:24 2025-03-28 UTC+2

Trump Pulls Strings, Stock Market Reacts With Crash

Auto Stocks Fall After Trump's Latest Tariff Blow Advanced Micro Devices Falls After Brokerage Downgrade Weekly Jobless Claims Total 224,000 Dollar Rises Against Canadian Dollar, Mexican Peso S&P 500 -0.33%

Thomas Frank 07:36 2025-03-28 UTC+2

New Tariffs on Cars: How They Will Hit the Stock Market and Automakers

The U.S. stock market faced pressure after 25% tariffs on imported cars were announced. President Donald Trump signed an executive order introducing new duties on foreign-manufactured automobiles starting this April

Ekaterina Kiseleva 23:44 2025-03-27 UTC+2

Stakes rise: GameStop bets on crypto, Trump on tariffs

President Donald Trump is reportedly preparing to announce new auto tariffs in the near future. Dollar Tree shares rose following the sale of its Family Dollar business. GameStop stock surged

11:15 2025-03-27 UTC+2

US Market News Digest for March 27

US President Donald Trump imposed 25% tariffs on auto imports, triggering a sharp sell-off in equity markets. The S&P 500 and Nasdaq indices fell as investors grew concerned about escalating

Ekaterina Kiseleva 11:02 2025-03-27 UTC+2

Stakes Rise: GameStop Plays Crypto, Trump Plays Tariffs

Trump Set to Announce Auto Tariffs Soon, Report Says Dollar Tree Rises on Family Dollar Business Sale GameStop Rises on Bitcoin Bet, Higher Q4 Profit Nikkei Falls 1%, South Korean

Thomas Frank 08:04 2025-03-27 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.