Japanese and South Korean stocks rise due to mixed trading

A sign outside the Tokyo Stock Exchange (TSE) operated by the Tokyo Stock Exchange (JPX) on January 4, 2021 (Monday).

Noriko Hayashi | Bloomberg via Getty Images

Singapore — Thursday’s Asia-Pacific stock market is mixed as investors expect US employment reports coming later this week for clues as to how long the Fed will be put on hold. Was traded in.

The Japanese market returned to trade for the first time this week after it was closed due to a holiday.benchmark Nikkei 225 While the Topix index rose 1.66%, it rose 1.8%, trimming some of the previous rise.

Korean KOSPIIt ended last time, but it increased by 0.32%. In Hong Kong Hang Seng Index We scraped most of the profits above 1%, increased by 0.08% and traded slightly higher.

Mainland China stocks were first traded in May after being closed due to a holiday.benchmark Shanghai Composite I gave up profit and it decreased by 0.22%, but Shenzhen component It decreased by 1.82%.

Meanwhile, in Australia ASX 200 It fell 0.37% as most sectors were in the negative territory.

Thursday’s Asia-Pacific session follows an overnight mixed finish on Wall Street, where the Dow Jones Industrial Average ended with a record high.

US Job Report

The US Employment Report, one of the most influential economic reports in the global financial markets, will be on Friday April. Economists say salaries can easily reach one million After the addition of 916,000 jobs in March.

Federal Reserve Vice-Chair Richard Clarida The US employment situation continues to improve, so it’s comfortable enough to regain all the support the central bank has provided since Covid, he told CNBC’s Closing Bell on Wednesday. It requires considerable progress. The 19 pandemics shortened the longest expansion in US history.

This week, Treasury Secretary Janet Yellen said: Interest rates may need to be raised to curb the rapid growth of the U.S. economy Partially brought about by trillions of dollars in government stimulus spending. She later softened some comments about the need for higher rates.

“Despite the constant reassurance of Yellen and a series of Fed officials, future increases in inflation will prove to be” temporary, “” said Rodrigo Catril, senior forex strategist at the National Australia Bank. … the market is clearly a little more worried. ” In the morning memo.

“Option prices are likely to be more than one-third higher than the US consumer price index, and can average more than 3% over the next five years,” he said. He added that soaring prices also helped raise inflation expectations. ..

Currency and oil

The· U.S. dollar The dollar index remained relatively rangebound, rising slightly by 0.04% to 91.344 against the baskets of its peers.

Elsewhere Japanese yen It changed hands at 109.37 per dollar, weakening from previous levels around 109.14. Australian dollar It fell 0.4% to $ 0.7716.

China, Australia’s largest trading partner, All activities were reportedly suspended “indefinitely” Under the China-Australia Strategic Economic Dialogue in the midst of a tense relationship between Beijing and Canberra.

Crude oil prices rebounded from previous losses during Asian trading hours on Thursday. US Crude Oil Futures Global benchmark rose 0.14% to $ 65.72 Brent It traded 0.22% higher at $ 69.11 a barrel.

Overnight, Reuters reported that US crude oil inventories fell by 8 million barrels in the last week, more than expected to fall by 2.3 million barrels, according to the Energy Intelligence Agency.

In corporate news, Singapore Press HoldingsThe publisher of the city-state daily Straits Times, has been suspended.

The publisher that also runs the real estate business Spin off problematic media businesses To a non-profit organization.

Japanese and South Korean stocks rise due to mixed trading

Source link Japanese and South Korean stocks rise due to mixed trading

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