empty
20.01.2021 10:47 AM
Stock markets in Asia are trading in positive territory, the Japanese Nikkei is declining.

This image is no longer relevant

Candidate for Secretary of the Treasury Janet Yellen has announced her intention to work on a second bailout package. Speaking at a Senate Finance Committee hearing, she called on lawmakers to take massive action to stave off a protracted economic downturn.

Japanese index Nikkei 225 to 8:27 Moscow time fell by 0.4%. Investors are taking profits after the market rallied to a 30-year high, analysts said.

Market participants are also concerned about the increase in cases of coronavirus infection in the country.

ANA Holdings lost 3.3% on forecasts that financial performance for the first nine months of the fiscal year (April-December) will be the worst in the airline's history. In addition, the shares of the transport company Mitsui O.S.K. Lines Ltd. (-3.3%), Keio Corp. (-3.8%), Daiichi Sankyo Co. Ltd. (-3.7%) are among the leaders in the decline in quotations.. The market value of investment and technology SoftBank Group (-0.8%), automaker Toyota Motor (-0.3%), and Asia's largest apparel retailer Fast Retailing (-1.7%) also declined.

At the same time, the papers of the semiconductor manufacturer Advantest Corp. rise in price by 0.7%. The Chinese Shanghai Composite index by 8:53 GMT+2 increased by 0.2%, while the Hang Seng in Hong Kong rose by 0.9%. The most significant growth in the course of trading on the Hong Kong Stock Exchange is the shares of the online retailer Alibaba Group Holding Ltd. (+ 7.3%) after its owner billionaire Jack Ma made his first public appearance in almost three months. In addition, shares of one of the key players in the country's Internet services sector, Meituan (+ 6.3%), pharmaceutical Sino Biopharmaceutical Ltd. (+ 5.6%), automaker Geely Automobile Holdings Ltd. (+ 5.2%), Internet giant Tencent Holdings (+ 2.7%). Meanwhile, the most significant decline in quotations was demonstrated by the shares of the telecommunications company China Unicom (-4.3%) and the insurer AIA Group Ltd. (-3.7%).

The South Korean Kospi index by 8:38 GMT+2 increased by 0.4%. At the same time, the market value of one of the world's largest chip manufacturers, Samsung Electronics Co. increased by 0.1%, carmaker Hyundai Motor - decreased by 0.6%. The Australian S & P / ASX 200 added 0.4% on the trading results, approaching the maximum in the last ten months. At the same time, the capitalization of the world's largest mining companies BHP and Rio Tinto grew by 0.9% and 0.1%, respectively. Meanwhile, according to the calculations of the Institute of Melbourne and Westpac Bank, the consumer sentiment index in Australia fell to 107 points in January, compared with 112 points in December.

Thomas Frank,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Gold slips, stocks sink: what India, Germany and the Fed have in common

Equities are falling on stalled tariff agreements ahead of the Fed decision. Gold is sliding on renewed US-China talks. UK and India have clinched a major trade pact. Friedrich Merz

12:36 2025-05-07 UTC+2

US Market News Digest for May 7

The major US stock indices closed in negative territory, with the S&P 500 down 0.8% amid growing uncertainty about trade policy and anticipation of new comments from the Federal Reserve

Ekaterina Kiseleva 12:20 2025-05-07 UTC+2

Gold falls, stocks plunge: What India, Germany and the Fed have in common

Stocks fall on lack of tariff deals ahead of Fed policy decision Gold falls on hopes for US-China trade talks; UK, India reach trade deal after 3-year talks Germany's Merz

Thomas Frank 07:05 2025-05-07 UTC+2

US Market News Digest for May 6, 2025

The US stock market opened the week in turmoil. Berkshire Hathaway shares were trading under pressure after Warren Buffett had Stepped down as CEO. Investors are concerned about the company's

Ekaterina Kiseleva 13:52 2025-05-06 UTC+2

$9 Billion for Skechers, falling indices, and surge in Asian stocks

Berkshire Hathaway slips after Warren Buffett steps down as CEO. The US services sector shows growth in April. Skechers surges following a $9 billion privatization deal. Investors await trade agreements

13:26 2025-05-06 UTC+2

Skechers' $9B, Indexes Sink, Asia Surges: A Day of Change

Berkshire Hathaway Slips After Buffett Steps Down as CEO U.S. Services Sector Rising in April Skechers Jumps After $9B Privatization Deal Investors Await U.S.-Partner Trade Deals Asian Currencies in Focus

Thomas Frank 07:41 2025-05-06 UTC+2

US Market News Digest for March 17

US stock indexes, including the S&P 500 and Nasdaq, ended the week confidently in positive territory. This was largely due to encouraging developments in trade talks with China and resilient

Ekaterina Kiseleva 13:32 2025-05-05 UTC+2

Europe on pause: What's behind the stock market plunge and Trump's unexpected activity

European stocks fell slightly; STOXX 600 - minus 0.1%, France - minus 0.3% Investors await data on US-China talks, earnings and Fed decision Trump: 100% tariffs on foreign films, Alcatraz

Thomas Frank 11:34 2025-05-05 UTC+2

US Market News Digest for May 2

US equity indices continue to climb despite lingering economic uncertainty. Investor optimism is being driven by expectations of progress in trade talks between the US and China. Nevertheless, ongoing economic

Ekaterina Kiseleva 13:14 2025-05-02 UTC+2

US Market News Digest for May 1

The US stock market weathered notable volatility in April, but a successful rally helped major indices recoup losses. Despite data showing a 0.3% contraction in US GDP for the first

Ekaterina Kiseleva 11:54 2025-05-01 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.