11.08.2022
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Asian indices are trading without a single dynamics

MOSCOW, June 30 – PRIME. Stock indices of the Asia-Pacific region (APR) on Thursday are traded in different directions on various factors, according to trading data.

PMI rises in China

As of 7.52 Moscow time, the Shanghai Composite index is growing by 1.31%, to 3405.64 points, the Shenzhen Composite stock exchange – by 1.76%, to 2233.15 points, the Hong Kong Hang Seng Index – by 0.01 %, up to 21999 points. The Japanese Nikkei 225 is down 1.41% to 26426.5 points, the Australian S&P/ASX 200 is down 0.77% to 6648.2 points, the South Korean KOSPI is down 1.12% to 2351.43 points.

On Thursday, Asian stock exchanges do not have a single dynamics, investors are evaluating a number of factors. So, for example, Chinese indices are rising in light of the fact that various enterprises were allowed to resume work amid the easing of coronavirus restrictions in the country.

On the other hand, markets are reacting to statistics from the US. On Wednesday, the Ministry of Commerce said that, according to the final estimate, the country’s GDP fell by 1.6% on an annualized basis (if GDP grew at the same pace for four consecutive quarters), although analysts expected a contraction of only 1.5%, as shown by the second grade. The first estimate assumed a 1.4% decline in US GDP.

Source: 1prime

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