MARKET ASIA / Broad Recovery – Samsung and LG in numbers | News

TOKIO / SHANGHAI (Dow Jones) – East Asian and Australian stock markets recorded mainly gains on Thursday. Market participants referred to the slightly tougher specifications of the US stock exchanges. The minutes of the last meeting of the US central bank published on Wednesday did not reveal anything new, but also no negative surprises. On the contrary, he confirmed the interest rate hikes announced by the Fed and the acceptance of a temporary weakening of the economy. Other rate hike by 75bp at the next Fed meeting this month is considered market-valued.

Investors’ attention was focused on the US labor market report for June. The May job vacancy data released on Wednesday showed that the US economy still struggled to find jobs: Despite a slight decline, in May there were still almost twice as many job vacancies as there were jobseekers.

In Tokyo, the Nikkei 225 index closed 1.5 percent. higher. Following the recent fall in oil prices, fears of rising fuel costs have eased somewhat, despite the uncertain economic outlook. We were looking for shares in retail chains and car manufacturers. Toyota Motor grew by 2.3 percent, Honda Motor by 1.5 percent and Nissan Motor by 1.8 percent. Supermarket chain Aeon grew almost 11 percent after the company more than tripled its profit in the first fiscal quarter.

Kospi (+ 1.8%) in Seoul also showed strong growth. Dealers reported bargain purchases in the electronics sector. Samsung’s heavyweight index increased by 3.2 percent. According to preliminary data for the second quarter, the group increased its operating profit by 11.4 percent. compared to the previous year, thus exceeding the consensus of analysts determined by Factset. LG Electronics’ preliminary results (+ 3.0%) were also well received in a positive environment, although the company is expected to post lower operating profit in the second quarter than expected by analysts surveyed by Factset. But it was priced already, he said.

New locks slow down Chinese stock exchanges

The Shanghai Stock Exchange jumped upwards after initial losses, but rising coronavirus cases and re-locks prevented a more pronounced recovery. The Composite index in Shanghai increased by 0.3 percent. In Hong Kong, the Hang Seng index changed slightly in late trading. Here too, dealers said new Chinese measures on the krone have slowed down. They also pointed to the strong US dollar, which is causing many investors to withdraw funds from Hong Kong. Countering this trend, Cosco Shipping Holdings jumped 4.8 percent. According to preliminary business data, the company increased its profit by 74 percent in the first half of the year.

In Sydney, the S & P / ASX-200 index (+ 0.8%) was supported by renewed gains in the banking sector and a recovery in commodity exchanges. The sector grew by 2.5 percent. after a decrease of 5 percent. on Wednesday.

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

S & P / ASX 200 (Sydney) 6,648.00 + 0.8% -10.7% 08:00

Nikkei-225 (Tokyo) 26,490.53 + 1.5% -9.3% 08:00

Kospi (Seoul) 2 334.27 + 1.8% -21.6% 08:00

Shanghai Comp. 3 364.40 + 0.3% -7.6% 09:00

Hang Seng (Hong Kong) 21,582.89 -0.0% -8.0% 10:00

Taiex (Taiwan) 14 336.27 + 2.3% -21.3% 07:30

Strait times (Sing.) 3 112.17 + 0.3% -0.7% 11:00

KLCI (Malaysia) 1,423.11 + 0.2% -9.4% 11:00

BSE (Bombay) 54,079.38 + 0.6% -7.2% 12:00

FOREX Last + / -% 00:00 Wed 9:15% YTD

EUR / USD 1.0197 + 0.1% 1.0183 1.0259 -10.3%

EUR / JPY 138.55 + 0.1% 138.43 138.85 + 5.9%

EUR / GBP 0.8526 -0.2% 0.8544 0.8581 + 1.5%

GBP / USD 1.1960 + 0.3% 1.1919 1.1958 -11.6%

USD / JPY 135.88 -0.0% 135.93 135.33 + 18.0%

USD / KRW 1,301.33 -0.3% 1,304.85 1,303.56 + 9.5%

USD / CNY 6.7056 -0.0% 6.7080 6.7062 + 5.5%

USD / CNH 6.7086 -0.1% 6.7147 6.7101 + 5.6%

USD / HKD 7.8482 + 0.0% 7.8470 7.8471 + 0.7%

AUD / USD 0.6809 + 0.4% 0.6783 0.6803 -6.2%

NZD / USD 0.6172 + 0.4% 0.6149 0.6170 -9.6%

Bitcoin

BTC / USD 20 347.17 + 0.0% 20 338.47 20 119.69 -56.0%

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

WTI / Nymex 98.12 98.53 -0.4% -0.41 + 36.0%

Brent / ICE 100.28 100.69 -0.4% -0.41 + 33.9%

GAS VT close +/- EUR

Dutch TTF 178.00 174.50 + 4.1% 7.00 + 36.0%

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

Gold (spot) 1,743.24 1,738.77 + 0.3% +4.47 -4.7%

Silver (Spot) 19.32 19.21 + 0.6% +0.11 -17.1%

Platinum (Spot) 862.05 860.15 + 0.2% +1.90 -11.2%

Future Miedź 3.49 3.42 + 2.0% +0.07 -21.5%

YTD at the end of the day

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Contact the author: maerkte.de@dowjones.com

DJG / DJN / cln / flf

(END) Dow Jones Newswires

July 7, 2022 3:30 AM ET (7:30 GMT)

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