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FX.co ★ Asian stocks are rising today excluding Hong Kong

Asian stocks are rising today excluding Hong Kong

Asian stocks are rising today excluding Hong Kong

Among the leaders in the growth of quotations are shares of Casio Computer Co. (+ 4.9%), Mitsui Chemicals Inc. (+ 4.9%), chip manufacturer Advantest Corp. (+ 4.2%), brewery Kirin Holdings (+ 3.9%).

The shares of investment and technology SoftBank Group (T: 9984) (+ 1.2%), automobile Toyota Motor (+ 1.7%) and Nissan Motor (+ 1.6%), consumer electronics manufacturer Sony (+0, 3%).

Meanwhile, the market value of Asia's largest apparel retailer Fast Retailing (-4%) is declining.

China's Shanghai Composite Index rose 0.27% by 08:57 GMT + 2, while Hong Kong's Hang Seng lost 0.58%.

China's Purchasing Managers' Index (PMI) by Caixin Media Co. and Markit, in May fell to 55.1 points from 56.3 points a month earlier. Experts on average expected it to fall to 55.9 points.

A PMI reading above 50 points indicates an increase in activity in the sector, a reading below indicates a weakening. The index has surpassed this mark for 13 consecutive months.

The consolidated PMI fell to 53.8 points from 54.7 points in April. Analysts had forecast 54.3 points.

The most significant decline during trading on the Hong Kong Stock Exchange is shown by the quotations of securities of construction companies Hang Lung Properties Ltd. (-2.1%), CK Infrastructure Holdings Ltd. (-2%) and China Resources Land Ltd. (-1.8%), as well as China Mengniu Dairy Co., the largest dairy producer in the country. (-1.6%).

In addition, shares of the Internet giant Tencent Holdings (-1%), online retailer Alibaba Group Holding Ltd., are falling. (-one%).

South Korean Kospi index by 9:12 GMT + 2 increased by 0.88%. At the same time, the rise continues for the fifth session in a row.

The market value of one of the world's largest chip manufacturers, Samsung Electronics Co. jumped 2.6%, auto maker Hyundai Motor jumped 1.1%.

The Australian S & P / ASX 200 was up 0.59% by this time.

Capitalization of the world's largest mining companies BHP and Rio Tinto grew by 0.4% and 0.1%, respectively.

Retail sales in Australia in April increased for the second month in a row by 1.1% versus March.

The country's foreign trade surplus in April increased to its maximum since January - 8.03 billion Australian dollars. At the same time, exports grew by 3% and reached a record in the last thirteen months of $ 39.77 billion.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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