By Steffen Gosenheimer
TOKYO/HONG KONG (Dow Jones)–On the East Asian stock markets and also on the Sydney Stock Exchange, the movements of the indices were small during trading on Wednesday. Overall, the trend is inconsistent. The most is happening in Tokyo, where the Nikkei-225 is picking up some momentum after starting in the red. It is 0.5 percent higher at 33,516 points in late business. Some tailwind comes from the weakening yen. There will be no trading in Japan on Thursday due to a public holiday. In Shanghai and Hong Kong the market barometers are falling slightly, Sydney has already closed, where the trend was maintained.
Trading is lacking fresh impetus after there was little action on Wall Street the day before. The minutes of the most recent US Federal Reserve policy meeting did not provide any new information about further interest rate policy. “All participants agreed that the committee was in a position to proceed cautiously,” the recording said. The US Federal Reserve wants to continue to act primarily in a data-dependent manner.
Among the individual stocks, Baidu (+5.2%) is following the upward movement that the share had already shown on the Nasdaq. The internet giant presented positive quarterly figures despite the weakening economy and general consumer restraint. Profit reached $996 million, 23 percent higher than in the previous year and at the same time higher than expected.
Index (stock market) last +/- % % YTD end
S&P/ASX 200 (Sydney) 7,073.40 -0.1% +0.5% 06:00
Nikkei-225 (Tokyo) 33,516.00 +0.5% +28.0% 07:00
Kospi (Seoul) 2,514.10 +0.1% +12.4% 07:00
Shanghai Comp. 3,061.02 -0.2% -0.9% 08:00
Hang-Seng (Hongk.) 17,729.12 -0.0% -10.4% 09:00
Straits-Times (Sing.) 3,113.63 +0.6% -3.9% 10:00
KLCI (Malaysia) 1,454.96 -0.6% -2.6% 10:00
FOREX last +/- % 00:00 Tue, 9:05 am % YTD
EUR/USD 1.0908 -0.0% 1.0911 1.0961 +1.9%
EUR/JPY 162.12 +0.2% 161.77 161.60 +15.5%
EUR/GBP 0.8707 +0.0% 0.8704 0.8747 -1.6%
GBP/USD 1.2528 -0.1% 1.2536 1.2531 +3.6%
USD/JPY 148.62 +0.2% 148.27 147.46 +13.4%
USD/KRW 1,296.63 +0.0% 1,296.18 1,286.76 +2.8%
USD/CNY 7.0945 -0.0% 7.0969 7.0959 +2.8%
USD/CNH 7.1391 -0.1% 7.1469 7.1331 +3.1%
USD/HKD 7.7986 +0.0% 7.7957 7.7930 -0.1%
AUD/USD 0.6548 -0.1% 0.6553 0.6577 -3.9%
NZD/USD 0.6039 -0.2% 0.6048 0.6073 -4.9%
Bitcoin
BTC/USD 36,399.79 +0.0% 36,397.05 37,315.09 +119.3%
ROHOEL most recently VT-Settlem. +/-% +/- USD% YTD
Brent/ICE 82.42 82.45 -0.0% -0.03 +1.0%
METALS last day previous +/- % +/- USD % YTD
Gold (spot) 1,998.63 1,998.43 +0.0% +0.21 +9.6%
Silver (spot) 23.81 23.78 +0.2% +0.04 -0.7%
Platinum (spot) 936.30 937.50 -0.1% -1.20 -12.3%
Copper future 3.79 3.81 -0.6% -0.02 -0.6%
YTD based on the closing price of the previous day
Contact the author: [email protected]
DJG/DJN/gos/cbr
(END) Dow Jones Newswires
November 22, 2023 00:42 ET (05:42 GMT)