ASIA MARKET / Market prices except Mainland China | News

TOKYO / SHANGHAI (Dow Jones) – In a negative stock market environment, only mainland stock exchanges withstood the weak trend on Thursday – supported by favorable economic data. On the other hand, the particularly weak data from Japan was seen as evidence that central banks could hold down the economy by tightening monetary policy in the fight against inflation. In Japan, industrial production fell by 7.2 percent in May. per month, only a moderate drop of 0.3% was expected.

While the Japanese central bank is not one of the central bank hawks, the data has been taken as a sign of a weakening global economy as many industrial products are exported. Concerns about recession were also fueled by weaker US growth data. This was all the more true as US Federal Reserve Governor Jerome Powell once again stressed that the Fed would stick to the rate of rate hikes. These comments strengthened the US dollar, which largely maintained gains from the previous day. “Concerns about recession seem to have increased and are fueling demand for an allegedly safe haven,” commented CMC market analyst Tina Teng, looking at the strength of the dollar.

Sanrio dollar trend in Tokyo

In Tokyo, the Nikkei 225 was down 1.5 percent to 26,393 points. Economist Marcel Thieliant of Capital Economics described the weak industrial production as another disappointment with the economic recovery in Japan. Quarterly, however, losses in the stock market were limited – traders indicated that they were sticking to a loose stock exchange Monetary policy in Japan. Electronics and automotive stocks have been out of favor with rising operating costs and bleak economic outlook. Tokyo Electron lost 4.1 percent and Nissan Motor 3.8 percent. Sanrio rose 13.8 percent after the headlines that the owner of the Hello Kitty brand plans to enter into a Chinese licensing deal with Alibaba Pictures Group.

While Hong Kong equities (-1.0%) followed the negative trend in the region’s stock markets, the Shanghai index rose 1.3%. In June, the mood in Chinese industry improved. The manufacturing PMI index has returned to expansion territory, although there are only no forecasts. The same was true of the service sector, where growth was actually very significant. The rebound of the data was good for equities and the renminbi, TD Securities’ market strategist Mitul Kotecha said. On the other hand, auto stocks continued to be weak. Chongqing Changan Automobile fell 4.8 percent and Guangzhou Automobile fell 0.4 percent.

In South Korea, Kospi has extended its rebates to 1.9% by the end. On a monthly basis, South Korea’s leading index fell by 13 percent. In line with the daily trend, investors in Seoul were looking more at Powell’s statements and less at China. NCsoft fell 10 percent after a Samsung Securities analyst commented negative. Analysts assumed poor business results for the gaming company. Shares of competitor Krafton lost 7.8 percent. Overall, the gaming, internet and technology sectors were on the loser list.

The leading Australian S & P / ASX-200 index lost 2 percent. and recorded its third consecutive monthly loss. With a downside of 8.9 percent. June was the weakest month since March 2020. Quarterly decline by 12%. it was also the highest since March 2020. All eleven sectors closed in negative territory on Thursday. Utilities, commodities and real estate stocks were particularly weak.

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Index (stock market) last +/-%% YTD end

S & P / ASX 200 (Sydney) 6,568.10 -2.0% -11.8% 08:00

Nikkei-225 (Tokyo) 26,393.04 -1.5% -6.9% 08:00

Kospi (Seoul) 2,332.64 -1.9% -21.7% 08:00

Shanghai Comp. 3 395.30 + 1.0% -6.7% 09:00

Hang Seng (Hong Kong) 21,781.10 -1.0% -6.1% 10:00

Taiex (Taiwan) 14,825.73 -2.7% -18.6% 07:30

Strait times (Sing.) 3 114.16 -0.7% + 0.3% 11:00

KLCI (Malaysia) 1 455.20 + 0.3% -7.4% 11:00

BSE (Bombay) 53,041.48 + 0.0% -9.0% 12:00

FOREX last + / -% 00:00 Wed, 9:07% YTD

EUR / USD 1.0440 -0.0% 1.0442 1.0517 -8.2%

EUR / JPY 142.35 -0.2% 142.60 143.11 + 8.8%

EUR / GBP 0.8593 -0.2% 0.8614 0.8620 + 2.3%

GBP / USD 1.2151 + 0.2% 1.2122 1.2200 -10.2%

USD / JPY 136.33 -0.2% 136.56 136.11 + 18.4%

USD / KRW 1,297.72 -0.4% 1,302.51 1,298.74 + 9.2%

USD / CNY 6.6973 -0.0% 6.7000 6.7032 + 5.4%

USD / CNH 6.6988 -0.1% 6.7059 6.7085 + 5.4%

USD / HKD 7.8460 -0.0% 7.8467 7.8468 + 0.6%

AUD / USD 0.6883 + 0.1% 0.6879 0.6891 -5.2%

NZD / USD 0.6216 -0.1% 0.6221 0.6245 -9.0%

Bitcoin

BTC / USD 19 400.74 -4.3% 20 273.58 19 956.98 -58.0%

ROHL last VT-Settl. +/-% +/- USD% YTD

WTI / Nymex 109.52 109.78 -0.2% -0.26 + 51.8%

Brent / ICE 115.62 116.26 -0.6% -0.64 + 53.3%

METALS last day before +/-% +/- USD% YTD

Gold (spot) 1,816.86 1,817.70 -0.0% -0.85 -0.7%

Silver (Spot) 20.80 20.73 + 0.3% +0.07 -10.8%

Platinum (Spot) 920.02 920.28 -0.0% -0.26 -5.2%

The future of copper 3.77 3.78 -0.2% -0.01 -15.1%

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Contact the author: maerkte.de@dowjones.com

DJG / DJN / flf / cln

(END) Dow Jones Newswires

June 30, 2022 03:21 ET (7:21 GMT)

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