empty
27.04.2021 09:35 AM
Asian stocks mostly decline ahead of US Federal Reserve meeting

This image is no longer relevant

In addition, it is expected that tomorrow, US President Joe Biden, during his first address to both houses of Congress, will present details of the plan for infrastructure spending and tax reform.

The Japanese Nikkei 225 Index dropped 0.32% by 8:40 GMT + 2.

The Bank of Japan kept the short-term interest rate on deposits of commercial banks with the Central Bank at minus 0.1% per annum, the target yield on ten-year government bonds of Japan at about zero.

The Japanese central bank cut its inflation forecast for the current fiscal year to 0.1% from 0.5%, which was expected in January. The forecast for GDP growth was raised to 4% from 3.9%. The regulator warned of the risks to the country's economy as the pandemic continues to put pressure on consumption.

Among the leaders in the growth of quotations are shares of the paper manufacturer Nippon Paper Industries Co. Ltd. (+ 6.9%) and engineering company IHI Corp. (+ 6.4%). The market value of the transport company Kawasaki Kisen Kaisha Ltd. increases by 4.9%, food manufacturer Kikkoman Corp. increases by 4.7%.

Meanwhile, Daiichi Sankyo Pharmaceutical Paper Co. Ltd. fell 3.2%, chemical Asahi Kasei Corp. fell in price by 2.7%. Stock quotes of the financial company Matsui Securities Co. Ltd. fall by 3%.

China's Shanghai Composite Index dropped 0.11% by 8:45 GMT + 2, while Hong Kong's Hang Seng Index added 0.27%.

The most significant increase during trading on the Hong Kong Stock Exchange was shown by the quotations of securities of the Internet company Meituan (+ 3.2%) and HSBC Holdings Plc (+ 2.6%). Online retailer Alibaba Group Holding Ltd. rise in price by 1.1%.

Biologics manufacturer Wuxi Biologics dropped 5.4%, Internet giant Tencent Holdings Ltd. fell 1.3%, developer Wharf Real Estate Investment Co. Ltd. dropped by 1%.

The South Korean Kospi index by 9:00 GMT + 2 fell by 0.1%. On the eve, the indicator renewed its record high.

South Korea's economy grew 1.8% year-on-year in the first quarter of 2021, preliminary data from the Bank of Korea show. Analysts had expected the country's GDP to grow by 1.1%.

The market value of one of the world's largest chip manufacturers, Samsung Electronics Co. declined 1.1%; automaker Hyundai Motor fell 1.4%.

The Australian S & P / ASX 200 fell 0.19% by 08:59 GMT + 2.

Australian authorities plan to discuss the suspension of flights to India, where the incidence of COVID-19 continues to rise.

Evolution Mining Ltd. and Northern Star Resources Ltd. add 3.4% and 1.1%, respectively. Fintech company Afterpay Ltd. fell by 5.3%.

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

S&P, Nasdaq, and Dow climb in sync as markets digest jobs data and trade developments

The S&P 500 rose by 0.83%; the Nasdaq gained 1.02%; the Dow advanced by 0.77%. US job growth exceeded expectations in June. Tripadvisor rallied on Starboard Value's report. Synopsys

13:11 2025-07-04 UTC+2

US Market News Digest for July 4

The S&P 500 and Nasdaq stock indices rose by 0.83% and 1.02%, respectively, hitting new all-time highs. Index futures, however, retreated due to concerns over the potential introduction

Ekaterina Kiseleva 12:45 2025-07-04 UTC+2

S&P, Nasdaq, Dow rally as markets react to jobs, trade policy surprises

S&P 500 up 0.83%; Nasdaq up 1.02%; Dow up 0.77% U.S. job growth beats expectations in June Tripadvisor rises on Starboard Value report, gaining share Synopsys, Cadence rise as U.S

Thomas Frank 08:23 2025-07-04 UTC+2

What could tip USD: NFP, Fed moves, or Big Beautiful Bill?

Wall Street keeps churning out record after record. On Wednesday, the S&P 500 , driven by IT giants, once again set a fresh all-time high. The catalyst was not only

Svetlana Radchenko 13:17 2025-07-03 UTC+2

US Market News Digest for July 3

The S&P 500 index once again reached an all-time high thanks to sustained demand for technology stocks and a positive reaction to the US-Vietnam trade agreement on tariffs. Investors

Ekaterina Kiseleva 12:58 2025-07-03 UTC+2

Stocks Ride: Nasdaq Jumps, S&P Rises, Dow Falls — There's More Behind It

Nasdaq Closes 0.94%; S&P 500 Up 0.47%; Dow Down 0.02% Centene Falls After Cutting 2025 Outlook Tesla Rises, Rebounds From Early Week Losses Wall Street Futures Up 0.1%, Nikkei Flat

Thomas Frank 10:28 2025-07-03 UTC+2

US Market News Digest for July 2

The S&P 500 index declined by 0.11%, the Nasdaq 100 lost 0.82%, while the Dow Jones rose by 0.91%. Investors are awaiting the release of macroeconomic data that could influence

Ekaterina Kiseleva 12:32 2025-07-02 UTC+2

Tesla falls, European stocks rise

Tesla Shares Fall as Musk-Trump Feud Renews Powell Doesn't Rule Out July Rate Cut Mixed Signals in US Manufacturing Labor and Contracts European Stocks Rise on Wednesday, Led by Industrial

Thomas Frank 10:56 2025-07-02 UTC+2

Stock Market Rises Higher: What's Pushing Dow, Nasdaq, S&P Higher

Bank Stocks Rise After Fed Stress Test Tesla Shares Fall Gold Rises as Oil Prices Fall on OPEC+ Output Expectations Zealand Pharma Gains After BNP Opens Coverage with 'Outperformance' InPost

Thomas Frank 12:11 2025-07-01 UTC+2

US Market News Digest for July 1

Monday's trading ended in positive territory: the S&P 500 rose by 0.52%, while the Nasdaq 100 added 0.47%. The start of the second half of the year unfolded amid optimistic

Ekaterina Kiseleva 11:43 2025-07-01 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.