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01.08.2022 11:33 PM
Major Asian indices show mainly an increase to 1%

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The main Asian indicators show mainly growth up to 1%. The only exception is the Hong Kong Hang Seng Index, which showed a decrease of 0.18%. All other indexes show an increase: the Shanghai Shanghai Composite and the Shenzhen Composite rise by 0.16% and 0.8%, respectively. The Australian S&P/ASX 200 is up 0.54% and the Japanese Nikkei 225 is up 0.64%. The Korean KOSPI shows the smallest growth – only 0.01%.

Traditionally, ATP indicators follow the trend of the US indices, which closed higher on Friday due to the positive results of corporate reports of companies and positive statistical data.

In turn, the corporate reporting of the largest enterprises in the Asia-Pacific region is not yet so positive. For example, Alibaba is facing delisting from the New York Stock Exchange along with other companies, as a result of which the value of the company's securities has decreased by 3%.

Sony's FY 2010 net profit forecast was downgraded to 800bn yen from 830bn in May, and its share price also tumbled 3.8%.

In the processing sector of China, last month there was a decrease in the index of purchasing managers to 49 points compared to the June figure of 50.2 points. If this indicator falls below 50 points, this indicates a slowdown in business activity in the sector. The downgrade of this indicator is due to companies' concerns about new cases of COVID-19 in major Chinese cities, as well as a general potential worsening of the economic situation. At the same time, the indicator turned out to be significantly lower than the forecasts of experts who expected it to increase to 50.3-50.4 points.

Of the Chinese companies, Country Garden Services Holdings Co. Ltd. down 10.8%, Country Garden Holdings Co. Ltd. down 7.6%, and Hang Lung Properties Ltd. down 4.6%.

At the same time, the price of Meituan shares is growing by 2.5%, and Xiaomi Corp. drops by 1.5%.

Of the components of the Nikkei 225, Sumitomo Pharma Co. Ltd. up 8.1%, Toto Ltd. up 6.7%, and Hino Motors up 6%.

In South Korea, last month there was a trade deficit of $4.67 billion, the lowest level of this indicator over the past six months. It also surpassed the forecasts of experts who had expected a deficit of 4.06 billion. For comparison, over the same period last year, the trade balance had a surplus of 1.79 billion.

Securities of Samsung Electronics Co. fell by 0.2%, while Kia Corp. - by 1.1%, while the quotes of LG Electronics Inc., on the contrary, rose by 0.3%.

Among the companies on the basis of which the S&P/ASX 200 is calculated, there is an increase in the price of shares: BHP Group Ltd. added 1.3%, while Rio Tinto Ltd. – by 0.9%.

Anastasia Kravtsova,
Experto analítico de InstaForex
© 2007-2025
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