ASIA MARKET / Slightly Lighter – Poor Real Estate Values ​​in China | News

SHANGHAI / HONG KONG (Dow Jones) – Most East Asian equity markets suffered moderate losses on Tuesday. Participants point to negative signals from Wall Street, where soaring oil prices have fueled fears of inflation and thus speculation about interest rate hikes. Crude oil prices now largely maintain their gains from the day before.

Countering the trend, Tokyo’s Nikkei 225 gained 0.8 percent. After the summer break, on Monday, the positive trend from the beginning of the week will be regained. But it also supports hope for a recovery in corporate profits from the Covid 19 pandemic.

In turn, the stock exchanges in Shanghai and Hong Kong fell by 0.3 and 1.2 percent, respectively. This was confirmed yesterday by comments about the real estate sector. The Chinese banking regulator is taking action to address the mounting financial risks of the real estate slump and liquidity slumps in some small banks. Currently, there is concern that it may take some time to extend loans to eligible developers to complete unfinished projects.

With the real estate sector accounting for at least 20 percent of China’s gross domestic product, its stabilization will also be an important factor in China’s economic health in the second half of the year, according to Commerzbank.

Country Garden fell 2.0 percent, China Vanke fell 1.6 percent, China Merchants Bank fell 0.2 percent and Postal Savings Bank fell 0.6 percent. Stocks of cars are being sold more and more. There are concerns that China’s new krone eruptions will have a negative impact on demand. BYD fell 1.9 percent and SAIC Motor fell 0.8 percent.

Seoul’s Kospi is down 0.4 percent. In this case, taxes on the two largest indices of Samsung Electronics (-1.8%) and SK Hynix (-1.3%) are a burden. After the last two days with the price increase, participants talk about profit taking. However, the fact that Apple is looking to slow down new hires in certain areas in the face of a possible economic slowdown in the coming year could weigh in on this as well. The iPhone manufacturer wants to act more cautiously in uncertain times, reports the Bloomberg agency, citing well-informed people.

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

S & P / ASX 200 (Sydney) 6,646.10 -0.6% -10.7% 08:00

Nikkei-225 (Tokyo) 26,991.26 + 0.8% -7.0% 08:00

Kospi (Seoul) 2,366.05 -0.4% -20.5% 08:00

Shanghai Comp. 3,268.52 -0.3% -10.2% 09:00

Hang Seng (Hong Kong) 20,605.64 -1.2% -13.2% 10:00

Strait times (Sing.) 3 121.25 -0.0% -0.9% 11:00

KLCI (Malaysia) 1,426.75 -0.2% -9.5% 11:00

FOREX last + / -% 00:00 Mon, 9:36% YTD

EUR / USD 1.0136 -0.1% 1.0146 1.0145 -10.9%

EUR / JPY 139.90 -0.2% 140.15 140.15 + 6.9%

EUR / GBP 0.8488 + 0.0% 0.8488 0.8498 + 1.0%

GBP / USD 1.1940 -0.1% 1.1953 1.1938 -11.8%

USD / JPY 138.01 -0.1% 138.14 138.15 + 19.9%

USD / KRW 1,313.50 -0.4% 1,319.16 1,313.91 + 10.5%

USD / CNY 6.7476 + 0.1% 6.7433 6.7402 + 6.2%

USD / CNH 6.7551 -0.1% 6.7598 6.7465 + 6.3%

USD / HKD 7.8500 + 0.0% 7.8499 7.8500 + 0.7%

AUD / USD 0.6840 + 0.4% 0.6813 0.6832 -5.8%

NZD / USD 0.6173 + 0.3% 0.6154 0.6178 -9.6%

Bitcoin

BTC / USD 21 862.54 + 1.0% 21 652.17 22 175.96 -52.7%

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

WTI / Nymex 102.36 102.60 -0.2% -0.24 + 41.8%

Brent / ICE 105.86 106.27 -0.4% -0.41 + 41.3%

GAS VT close +/- EUR

Dutch TTF 0.00 162.00 0% 0.00 + 32.2%

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

Gold (spot) 1,708.99 1,709.37 -0.0% -0.39 -6.6%

Silver (Spot) 18.69 18.70 -0.1% -0.01 -19.8%

Platinum (Spot) 861.50 866.43 -0.6% -4.93 -11.2%

The future of copper 3.29 3.35 -1.9% -0.06 -26.0%

YTD at the end of the day

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Contact the author: maerkte.de@dowjones.com

DJG / DJN / ros / gos

(END) Dow Jones Newswires

July 19, 2022 00:49 ET (04:49 GMT)

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