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On Thursday, the stock indices of the Asia-Pacific region demonstrated positive dynamics after the active soar on Wall Street, while a minor dive was seen only in mainland China.
The MSCI Asia Pacific index went up by 0.5%.
The Japanese indicators Nikkei 225 as well as Topix jumped by respectively 0.9% and 0.6%. The leaders of surge were represented by chemical companies – their index rallied by 1.8%, while Shiseido Co managed to gain 5.6%.
In addition to this, equities of car makers, including Toyota Motor Corp managed to ascend by 0.9%, Mazda Motor Corp gained 1.2%.
The Australian S&P/ASX 200 soared by 0.5%.In April, Australia cut exports by approximately 2% compared with the previous month following a 1.7% jump in March. The dive occurred because of the decreased supply of iron ore as well as coal abroad. Simultaneously, the value of imports didn’t change, while in March, there was a 0.7% leap. In April, trade surplus of Australia was a bit less than anticipated.
The market value of the world's number one mining companies BHP Billiton as well as Rio Tinto edged up by respectively 2.1% and 3.3%.
As a matter of fact, the Chinese index of the Shanghai Composite went down by 0.01%. As for the Shenzhen Composite, it lost 0.3%, while the Hong Kong Hang Seng ascended by 0.6%.
In Shanghai, steel went up by 2.5% on Thursday, hitting a peak of 3 months - 3,869 Yuan. It became possible due to reports that China’s actually tightening environmental inspections in industrial enterprises. Besides this, inventories of steel in this Asian country keep diving.
As for the value of the South Korean index Kospi, it dived by 0.7%.
Moreover, the capitalization of one of the world's leading semiconductor producers Samsung Electronics Co. tumbled by 1.2%.
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…
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