empty
17.02.2021 09:31 AM
Stocks in Asia are declining, only Hong Kong is growing

This image is no longer relevant

Japan's Nikkei 225 Index dropped 0.3% by 8:30 GMT + 2, despite positive news about the start of vaccination against COVID-19 in the country with Pfizer / BionTech.

Exports of Japan in January increased by 6.4% compared to the same month last year - up to 5.78 trillion yen. The rise was noted for the second month in a row after 24 months of continuous decline (the longest such period since 1979). Experts predicted an average growth of 6.6%.

The rise was primarily due to an increase in demand for Japanese products from China. Exports from Japan to the PRC jumped 37.5% last month.

Among the leaders in the decline are shares of Japan Steel Works Ltd. (-6%), CyberAgent Inc. (-4.8%) and M3 Inc. (-four%).

Meanwhile, shares of investment and technology SoftBank Group rose in price by 0.4%, Asia's largest apparel retailer Fast Retailing - by 0.4%, semiconductor manufacturer Advantest Corp. - by 0.5%.

The Hong Kong Hang Seng Index increased by 0.9% by 08:54 GMT + 2.

The most significant increase in the value of the chip manufacturer AAC Technologies Holdings Inc. in the course of trading on the Hong Kong Stock Exchange. (+ 5.2%), oil producers China Petroleum & Chemical Corp. (+ 4.9%) and CNOOC (+ 4.7%), telecommunications companies China Mobile Ltd. (+ 2.8%) and China Unicom (+ 2.4%).

Internet giant Tencent Holdings added 1.4%, online retailer Alibaba Group Holding Ltd. - 1.1%.

Meanwhile, the stock price of electronics maker Xiaomi Corp. drops by 0.9%.

The South Korean Kospi Index dropped 0.8% by 08:52 GMT + 2.

At the same time, the market value of one of the world's largest chip manufacturers, Samsung Electronics Co. decreased by 1.7%, car manufacturer Hyundai Motor - by 1.6%.

The Australian S & P / ASX 200 lost 0.5% by the end of the day.

A significant decrease in quotations was shown by the shares of the gold mining companies Evolution Mining Ltd. (-10%) and Northern Star Resources Ltd. (-7.6%).

At the same time, the capitalization of the world's largest mining companies BHP and Rio Tinto grew by 3.4% and 3.6%, respectively.

BHP announced a day earlier that in the first financial half, which ended December 31, 2020, EBITDA increased by 21% compared to the same period a year earlier and reached $ 14.68 billion. The company's net profit decreased by 20% - to $ 3. 88 billion (includes $ 2.2 billion in emergency losses).

Thomas Frank,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Markets on edge as Trump imposes 10% tariff on imports, gold and euro soar

Trump announces 10% basic tariff on all imports in keynote speech Gold at record high, yen jumps, bonds rise Indices rise ahead of speech: Dow 0.56%, S&P 500 0.67%, Nasdaq

Thomas Frank 10:55 2025-04-03 UTC+2

$10 billion: cost of mistake. J&J again under spotlight

Balance sheet indicators are in turmoil. Airline stocks are falling. J&J is also sliding. Big gains for recent IPO names CoreWeave and Newsmax. Indices: Dow down 0.03%, S&P

14:26 2025-04-02 UTC+2

US Market News Digest for April 02

Johnson & Johnson faced a serious setback when a judge rejected a $10 billion settlement over talc claims, causing the company's stock to plummet by 7.6%. Market participants have

Natalia Andreeva 12:44 2025-04-02 UTC+2

$10 Billion: The Price of Mistakes? J&J Back in Legal Storm

Balance Sheets Survive Day Ahead of Trump Tariff Event Airlines Slip After Jefferies Downgrades Forward J&J Slips After Judge Rejects $10 Billion Baby Powder Settlement Big Gains for Recent

Thomas Frank 08:02 2025-04-02 UTC+2

Q1 2025: Markets witness biggest rate drop since 2022

S&P, Nasdaq post worst month since December 2022 Biggest quarterly interest rate drop: S&P since Q3 2022, Nasdaq Q2 2022 Trump tariff uncertainty weighs on markets in Q1 Trump

Thomas Frank 12:03 2025-04-01 UTC+2

US Market News Digest for April 1

US stock indices closed the trading session with mixed results: the S&P 500 rose by 0.55%, while the Nasdaq 100 lost 0.14%. The reason for this uncertainty is the potential

Ekaterina Kiseleva 11:37 2025-04-01 UTC+2

Gold shines in crisis: best quarter since 1986 amid global turmoil

The Nikkei drops 4% and Nasdaq futures fall 1.4%. Trump signals US tariffs will target all countries. Gold posts its best quarter since 1986, while the dollar heads

12:51 2025-03-31 UTC+2

US Market News Digest for March 31

The US market kicked off the week with a broad-based sell-off, driven by rising talk of retaliatory trade tariffs and deteriorating consumer confidence. Investors are bailing out of stocks

Irina Maksimova 12:16 2025-03-31 UTC+2

Gold: The New Crisis King? Best Quarter Since 1986 Amid Global Turmoil

Nikkei Falls 4%, Nasdaq Futures Fall 1.4% Trump Says U.S. Tariffs Will Apply to Every Country Gold Has Best Quarter Since 1986 Dollar Heading for Worst First Quarter Since Global

Thomas Frank 09:35 2025-03-31 UTC+2

Trump pulls strings — stock market sinks in response

Auto stocks tumble after Trump's tariff strike. Advanced Micro Devices slips. Jobless claims rise to 224,000. Dollar strengthens against Canadian dollar, Mexican peso. S&P 500 -0.33%, Nasdaq -0.53%, Dow -0.37%

11:46 2025-03-28 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.