Asian equity markets demonstrate multiple directions

Asian equity markets demonstrate multiple directions

On Thursday, stock indexes of the Asia-Pacific region are changing without a common dynamics in the course of trading. It’s because investors are evaluating the statistics from South Korea as well as the reporting of large companies, including such giants as Samsung Electronics.

In addition, the market reacts to the ongoing surge in yields of US government bonds. On Tuesday, the revenue of 10-year US Treasuries surpassed 3% for the first time since 2014, and on Wednesday it reached the level of about 3,026%.

The Japanese Nikkei 225 index rallied 0.52% during the trading session, while the wider Topix managed to acquire 0.29%.

A positive factor for the Japanese stock market was the dive of the Japanese yen against the evergreen buck on Wednesday by about 0.6% to 109.43 yen. The weakening of the national currency turns to be beneficial for the country's exporters.

In Hong Kong the Hang Seng dived 0.84%, the Chinese Shanghai Composite sank 0.94%. As for the Australian S&P/ASX 200, it went down 0.16%.

South Korean KOSPI tacked on by 1.2%.

As reported, South Korea's GDP in the first quarter rallied by 1.1% compared to the previous three months and also by 2.8% in annual terms. Experts on average expected the growth of the South Korean economy by 1.1% in quarterly terms and also by 2.9% in annual terms. Positive impact on this Asian country’s economy was exerted by the growth of exports, which accounts for nearly half of the country's GDP. Deliveries abroad in January-March managed to surge by 4.4% quarter-on-quarter having gone down by about 5.3% in the previous three months.

Capitalization of Samsung Electronics jumped by about 3.1%. The company updated the record of operating revenues for the fourth quarter in a row, so the outcome accounted for 15.64 trillion won.

 

Similar

Apple event surprised traders
Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

Latest news

The Yen Sets New Lows
The Yen Sets New Lows

The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!

BlackRock CEO Supports The USD
BlackRock CEO Supports The USD

BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera