FX.co ★ Stocks in Asia are declining, only Hong Kong is growing

Stocks in Asia are declining, only Hong Kong is growing

Stocks in Asia are declining, only Hong Kong is growing

Japan's Nikkei 225 Index dropped 0.3% by 8:30 GMT + 2, despite positive news about the start of vaccination against COVID-19 in the country with Pfizer / BionTech.

Exports of Japan in January increased by 6.4% compared to the same month last year - up to 5.78 trillion yen. The rise was noted for the second month in a row after 24 months of continuous decline (the longest such period since 1979). Experts predicted an average growth of 6.6%.

The rise was primarily due to an increase in demand for Japanese products from China. Exports from Japan to the PRC jumped 37.5% last month.

Among the leaders in the decline are shares of Japan Steel Works Ltd. (-6%), CyberAgent Inc. (-4.8%) and M3 Inc. (-four%).

Meanwhile, shares of investment and technology SoftBank Group rose in price by 0.4%, Asia's largest apparel retailer Fast Retailing - by 0.4%, semiconductor manufacturer Advantest Corp. - by 0.5%.

The Hong Kong Hang Seng Index increased by 0.9% by 08:54 GMT + 2.

The most significant increase in the value of the chip manufacturer AAC Technologies Holdings Inc. in the course of trading on the Hong Kong Stock Exchange. (+ 5.2%), oil producers China Petroleum & Chemical Corp. (+ 4.9%) and CNOOC (+ 4.7%), telecommunications companies China Mobile Ltd. (+ 2.8%) and China Unicom (+ 2.4%).

Internet giant Tencent Holdings added 1.4%, online retailer Alibaba Group Holding Ltd. - 1.1%.

Meanwhile, the stock price of electronics maker Xiaomi Corp. drops by 0.9%.

The South Korean Kospi Index dropped 0.8% by 08:52 GMT + 2.

At the same time, the market value of one of the world's largest chip manufacturers, Samsung Electronics Co. decreased by 1.7%, car manufacturer Hyundai Motor - by 1.6%.

The Australian S & P / ASX 200 lost 0.5% by the end of the day.

A significant decrease in quotations was shown by the shares of the gold mining companies Evolution Mining Ltd. (-10%) and Northern Star Resources Ltd. (-7.6%).

At the same time, the capitalization of the world's largest mining companies BHP and Rio Tinto grew by 3.4% and 3.6%, respectively.

BHP announced a day earlier that in the first financial half, which ended December 31, 2020, EBITDA increased by 21% compared to the same period a year earlier and reached $ 14.68 billion. The company's net profit decreased by 20% - to $ 3. 88 billion (includes $ 2.2 billion in emergency losses).

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account