Precise Investors

Saturday, December 10, 2022
Stocks & Shares

Asia-Pacific markets mixed


The Shanghai composite dropped nearly 0.3%, the Shenzhen component gained 0.183%, the Nikkei 225 was up 0.11%, the Topix index added 0.19%, Kospi fell 0.33%, the S&P/ASX 200 rose nearly 1.27%

Trading in Hong Kong was suspended on Tuesday due to Typhoon Nangka, while other Asia-Pacific markets were mixed.

Hong Kong Exchanges and Clearing announced Tuesday that trading in the securities and derivatives markets, including after-hours futures trading, have been cancelled for the full day due to the typhoon.

Mainland Chinese stocks were mixed by the afternoon, as the Shanghai composite shed about 0.3% while the Shenzhen component added 0.183%.

China’s exports and imports of goods hit a record in yuan-denominated terms in September, according to a Tuesday Reuters report citing a spokesperson for the national customs agency.

In U.S. dollar terms, China’s exports rose 9.9% in September as compared to a year ago. That was close to expectations of a 10% year-on-year increase by analysts in a Reuters poll.

In Japan, the Nikkei 225 rose 0.11% while the Topix index traded 0.19% higher. South Korea’s Kospi declined 0.33%.

Shares in Australia led gains among the region’s major markets, as the S&P/ASX 200 gained about 1.27%.

MSCI’s broadest index of Asia-Pacific shares outside Japan was below the flatline.

In Japan, shares of Murata Manufacturing gained 3.66% while Taiyo Yuden added 3.55%. Elsewhere, South Korea’s LG Display slipped 0.31%. Over in Taiwan, Largan Precision dropped 3.88%.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.19 following its decline last week from levels above 93.6.

The Japanese yen traded 105.41 per dollar after strengthening from levels around 105.6 against the greenback yesterday. The Australian dollar was at $0.7174, still above levels below $0.715 seen last week.


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