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FX.co ★ The main Asian indicators are showing a positive attitude

The main Asian indicators are showing a positive attitude

The main Asian indicators are showing a positive attitude

Stock Asia is showing an increase of 1.5%. The Japanese Nikkei 225 and Shanghai Composite rose less than others - 0.42% and 0.46% respectively. The Korean KOSPI grew a little more – by 0.55%. The Shenzhen Composite, the Australia's S&P/ASX 200 and the Hong Kong's Hang Seng indexes gained 1.16%, 1.27% and 1.36%, respectively.

Asian indicators follow in their dynamics the American ones, which showed a slight increase against the backdrop of correction. Since all investors are waiting for the results of the September meeting of the US Federal Reserve, as well as the central regulators of other countries, so far they have refrained from any active actions.

On Thursday the results of the meeting of the central bank of the United Kingdom will be published. Analysts expect the central regulator to decide to increase rates from 1.75% to 2.25%, that is, by 50 basis points.

In China, the central regulator has decided to leave interest rates unchanged at 3.65% on one-year loans and 4.3% on five-year loans. This decision coincided with the forecasts of experts. The explanation for this was the fact that earlier the Central Bank of China had already left the rate on medium-term loans unchanged at 2.75%. This rate is an important tool, as it has a direct impact on the calculation of the rate on one-year loans.

Among Chinese companies listed on the Hong Kong stock exchange, the share price was shown by Sands China, up 5.8%, Netease, up 4.6%, as well as Alibaba Group and JD.com, up 3.5% and up 3.4%, respectively.

The Japanese indicator did not show significant growth due to negative statistics on inflation in the country. Thus, over the previous month, an increase in consumer prices was registered from the July mark of 2.6% to 3%. This is a record level of this indicator for the last 8 years. Nevertheless, according to experts' forecasts, the country's central bank will not take tougher monetary policy measures.

Among the companies listed on the Tokyo Stock Exchange, growth in share prices was demonstrated by SoftBank Group, (+1%), Fast Retailing (+0.5%), Nintendo (+1.2%), and Toyota Motor (+0.9 %).

Among the companies included in the calculation of the Korean KOSPI, an unusually high jump in the value of securities was recorded at the company Hwacheon Machinery, Co. (by 30% at once), and SM Bexel Co. (by 21%).

At the same time, the value of shares of other large companies in the country, on the contrary, showed a decrease. Thus, the cost of securities of Samsung Electronics fell by 0.9%, and Hyundai Motor - by 1.5%.

Among the companies included in the Australian S&P/ASX 200 index, the biggest gainers were BHP, up 3.2%, Rio Tinto, up 1.9%, and refiners Woodside Energy and Santos, up 1.5% and 1.8% respectively.

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