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Mainland China’s market surges more than 2% as Asian stocks rise

Singapore — Shares in the Asia Pacific region rose on Tuesday. Investors were looking at tech stocks after rising overnight on the state side of the sector.

Mainland China stocks drove regional rise, Shanghai Composite On that day, it increased by 2.4% to 3,581.34, Shenzhen component It went up 2.343% to 14,846.45. In Hong Kong Hang Seng Index As of the last hour of trading, it surged about 1.8%.

Taiwan’s Taiex It also rose 1.58% to finish at 16,595.67, showing solid growth.

in Japan, Nikkei 225 It rose 0.67% to close at 28,553.98, and the Tokyo Stock Price Index also rose 0.34% to close the trading day at 1,919.52.Korean KOSPI It rose 0.86% and ended at 3,171.32.

The· S & P / ASX 200 Australia closed at 7,115.20, up 0.98%.

In Southeast Asia, Singapore’s economy expanded 1.3% year-on-year in the first quarter, according to data from the Ministry of International Trade and Industry released Tuesday. The ministry also announced that it will maintain Singapore’s GDP growth forecast for 2021 at “4.0 to 6.0 percent.” On Tuesday afternoon trading Straits Times Index In Singapore it increased by 0.57%.

MSCI’s widest non-Japanese Asia Pacific stock index surged 1.52%.

Tech stock watch

On Tuesday, attention was focused on technology stocks in the Asia-Pacific region.

It included Chinese ones Kuaishou TechnologyDespite announcing on Monday that first-quarter earnings were up 36.6% compared to the same period in 2020, Hong Kong-listed stocks plunged more than 11% in Tuesday afternoon trading.

Meanwhile, Chinese smartphone makers Xiaomi Hong Kong-listed stocks surged 3.94% after FTSE Russell announced on Monday that it would be re-indicated in the index. At the beginning of May The United States has agreed to remove Xiaomi from the blacklist It would have prohibited Americans from investing in the company.

Hong Kong-listed stocks of other Chinese tech companies Tencent While rising 4.44% Alibaba It is 0.78% higher.

Elsewhere, Japanese conglomerate stocks Softbank Group The stock price of South Korean chip maker SK Hynix rose 2.93%, while it rose 0.54%.

These moves followed the rebound of tech stocks in the state. Overnight on Wall Street Alphabet — Google’s parent, Facebook And Microsoft Everything went up by more than 2%.

Overnight on Wall Street, the Dow Jones Industrial Average rose 186.14 points to 34,993.98 and the S & P 500 rose 0.99% to 4,197.05. The Nasdaq Composite surged 1.41% to 13,661.17.

Currency and oil

The· USD indexTracking greenbacks against baskets from other companies in the same industry was 89.559, lower than the recently seen level of over 90.

The· Japanese yen It traded at 108.63 per dollar, stronger than the level of about 108.9 against the greenback seen yesterday.The· Australian dollar Following the bounce from about $ 0.772 yesterday, I changed my hand for $ 0.7769.

Crude oil prices were low in the afternoon of Asian trading hours on international benchmarks Brent Crude Futures It fell 0.32% at $ 68.24 per barrel. US Crude Oil Futures Shed 0.38% to $ 65.80 per barrel.

Mainland China’s market surges more than 2% as Asian stocks rise

Source link Mainland China’s market surges more than 2% as Asian stocks rise

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