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Asia-Pacific Stock Exchanges Rise Following Wall Street

MOSCOW, June 24 – PRIME. Stock indices of the Asia-Pacific region (APR) on Friday are growing after the US stock markets, according to trading data.

Japan concerned about Chinese gas development

As of 7.57 Moscow time, the Shanghai Composite Index of the Shanghai Stock Exchange increased by 0.44%, to 3334.67 points, the Shenzhen Composite Exchange – by 0.92%, to 2184 points, the Hong Kong Hang Seng Index – by 1.64%, up to 21620.9 points. The Japanese Nikkei 225 is up 1.1% to 26459.5 points, the Australian S&P/ASX 200 is up 0.32% to 6549.6 points, the South Korean KOSPI is up 1.85% to 2357.37 points.

On Friday, investors in Asia took over the mood of American traders, on Thursday the main indices in the US rose in anticipation of a new speech by the head of the Fed and on macro statistics. Thus, the number of initial applications for unemployment benefits in the country for the week of June 18 decreased by 2 thousand, to 229 thousand.

In addition, markets are reacting to statistics from Japan. Consumer prices in the country rose by 2.5% in annual terms in May, maintaining growth rates compared to the situation a month earlier, the country’s Ministry of Internal Affairs and Communications Ministry of Communications said in a statement.

Japan’s central bank is “not convinced this will be sustainable because wage growth remains weak and higher energy costs are putting pressure on corporate profits and consumer sentiment,” said Marcel Thieliant, an analyst at Capital Economics, whose The opinion is given by the Associated Press.

Source: 1prime

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