empty
 
 

25.10.202115:22 Forex Analysis & Reviews: Asian indices show mostly positive performance

Exchange Rates 25.10.2021 analysis

Asian indicators started the week showing mainly positive performance. The Shanghai Composite index and the Shenzhen Composite index rose by 0.38% and 0.51%, respectively. Hong Kong's Hang Seng index gained 0.14%, the S&P/ASX 200 index gained 0.43% and the KOSPI index jumped by 0.44%. Meanwhile, the Nikkei 225 index declined by 0.71%.

Companies released strong financial reports that supported the upward trend. Reports from Hyundai, Sony, and LG Electronics are expected this week. At the same time, investors are concerned about the growing number of new COVID-19 cases in China and the upcoming control and restrictive measures imposed by the government.

Notably, BYD Co. (+2.2), Geely Automobile Holdings, Ltd. (+1%), and Techtronic Industries Co. (+1,9%) stocks rose in price. Quotations of PetroChina Co., Ltd. rose by 1.8% due to an increase in oil prices, and HSBC Holdings PLC (HK Reg) increased by 1% due to its strong report.

The Evergrande Group, which was on the verge of bankruptcy not long ago, reported that it continued to build more than 10 facilities, resulting in a 4% increase in the company's stock. The Evergrande Group was about to agree to sell a controlling interest in its subsidiary, but the deal was not reached. Instead, it sold off some property, particularly real estate, for $570 million.

Following the Nikkei 225 index decline, Japan's companies' stocks also fell. The Lasertec Corp. stock dropped by 4.3%, Tokyo Electron, Ltd. declined by 1.6%, Advantest Corp. fell by 0.8%. Stocks of Fast Retailing Co., Ltd., and SoftBank Group Corp. fell even more by 4.2% and 4.3%, respectively. Toyota Motor Corp, Mitsubishi Motors Corp., Nissan Motor Co., Ltd., and Mazda Motor Corp. also fell by 1.6%, 1.5%, 1.2%, and 2.1%, respectively.

At the same time, Chugai Pharmaceutical Co., Ltd. surged by 10.54%, Panasonic Corp. grew by 4.86%, and Sumitomo Heavy Industries, Ltd. increased by 4,1%. Tokyo Steel gained sharply by 16% on an improved outlook for the company's annual earnings and higher dividend estimates.

Following the KOSPI rise, stocks of SK Hynix Inc. rose by 2.5%, Hyundai Motor Co. Ltd. gained 1.7%, and Kia Corp. increased by 1.1%, while the Samsung Electronics stock slightly declined by 0.1%.

On the Australian stock exchange, shares of mining companies are growing more than others. The Mineral Resources Limited stock gained 9.3%. Origin Energy, Ltd. grew by 3.9% due to a considerable deal; the company sold 10% in the gas extraction project to EIG Global Energy Partners. Telstra Corp., Ltd. shares were up by 2.1% due to information about the company's purchase of Digicel Group's division using government support.

Anastasia Kravtsova,
Experto analítico de InstaForex
© 2007-2022
Benefíciese de las recomendaciones de los analistas ahora mismo
Recargue su cuenta de operaciones
Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.




  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • Ferrari de InstaForex
    Recargue su cuenta con al menos $1000
    únase al concurso y gane un Ferrari
    F8 Tributo
    UNIRSE AL CONCURSO
  • Depósito al azar
    Deposite su cuenta con $3000 y gane $1000
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.