TOKYO/HONG KONG (Dow Jones)–East Asian and Australian stock markets were higher on Friday. The heavy price losses on the US stock exchanges from the previous day rolled off the markets in the region. This was also helped by the strong business figures presented by Amazon after the market in the USA, whereupon the Amazon share shot up by 14 percent. With the exception of stock exchanges in mainland China and Taiwan, all trading venues were back from the Lunar New Year holiday break.
The courses in Hong Kong went up steeply. There was pent-up potential here during the holiday break. The Hang Seng index was up more than 3 percent in late trade. The price gains were widely spread. In the Internet sector, Alibaba improved by 4.8 percent. The share should also have received positive impulses from Amazon. Meituan rose 2.8 percent and Tencent rose 1.2 percent.
Stocks from the banking and insurance sector were among the favorites in the entire region against the background of further rising market interest rates after the latest rate hike in England and now also hawkish statements from the ECB. Bank HSBC, also traded in Hong Kong, rose about 5 percent. The shares of Chinese manufacturers of electric cars, which had reported strong sales figures, were also sought. Li Auto jumped nearly 12 percent and Xpeng jumped 11 percent. BYD was 7.3 percent ahead.
Yen provides tailwind in Japan
A slightly weaker yen gave the Japanese stock market a tailwind. The Nikkei 225 index rose 0.7 percent. The shares of the insurer Dai-ichi Life climbed 1.6 percent. Resona gained 1.1 percent.
Video game industry stocks were up sharply, with Konami Holdings up 12 percent, Koei Tecmo Holdings up 5 percent and Nintendo up 3.6 percent. Equities in the transport sector were also very popular. Kawasaki Kisen Kaisha rallied 9.6 percent after weak numbers and a disappointing outlook from the shipping company pushed shares down 14 percent on Thursday. Nippon Yusen KK improved 6.2 percent and Japan Airport Terminal rose 7.4 percent.
On the South Korean stock market, the Kospi closed 1.6 percent up. Again, post-hours gains from Amazon and other US tech stocks were supportive in response to solid quarterly earnings. Samsung Electronics and SK Hynix were up around 1 percent and 0.4 percent, respectively. Meanwhile, the market was led by stocks in the travel and energy sectors. The course of the battery manufacturer LG Energy Solution climbed by 5.7 percent. Hanatour Service jumped 10 percent and Asiana Airlines jumped 11 percent.
The stock market in Sydney, Australia ended a volatile session 0.6 percent higher. In the last hour of trading, the heavily weighted banks there turned positive; the sector ultimately gained 0.8 percent. Technology stocks gained an average of 1.1 percent, recovering from the previous day’s losses.
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Index (stock market) last +/- % % YTD end
S&P/ASX 200 (Sydney) 7,120.20 +0.6% -4.4% 06:00
Nikkei-225 (Tokyo) 27,439.99 +0.7% -5.4% 07:00
Kospi (Seoul) 2,750.26 +1.6% -7.6% 07:00
Shanghai Comp. Holiday 08:00
Hang Seng (Hongk.) 24,603.93 +3.4% +1.7% 09:00
Taiex (Taiwan) Holiday 06:30
Straits-Times (Sing.) 3,327.87 +0.4% +6.1% 10:00
KLCI (Malaysia) 1,521.91 -0.3% -2.7% 10:00
BSE (Mumbai) 58,617.97 -0.3% +0.6% 11:00
FOREX last +/- % 00:00 Thu, 8:35 % YTD
EUR/USD 1.1454 +0.1% 1.1440 1.1292 +0.7%
EUR/JPY 131.72 +0.1% 131.52 129.36 +0.6%
EUR/GBP 0.8430 +0.2% 0.8411 0.8333 +0.3%
GBP/USD 1.3588 -0.1% 1.3601 1.3549 +0.4%
USD/JPY 114.99 +0.0% 114.97 114.59 -0.1%
USD/KRW 1,196.96 -0.3% 1,200.67 1,205.95 +0.7%
USD/CNH 6.3555 +0.0% 6.3527 6.3702 +0.0%
USD/HKD 7.7911 -0.0% 7.7941 7.7958 -0.1%
AUD/USD 0.7123 -0.2% 0.7141 0.7121 -1.9%
NZD/USD 0.6664 -0.0% 0.6667 0.6623 -2.4%
Bitcoin
BTC/USD 37,938.21 +2.8% 36,920.09 37,009.80 -17.9%
ROHOEL last VT-Settl. +/- % +/- USD % YTD
WTI/Nymex 90.73 90.27 +0.5% 0.46 +21.2%
Brent/ICE 91.42 91.11 +0.3% 0.31 +17.7%
METALS last day before +/- % +/- USD % YTD
Gold (Spot) 1,808.00 1,805.36 +0.1% +2.64 -1.2%
Silver (Spot) 22.53 22.44 +0.4% +0.09 -3.3%
Platinum (Spot) 1,039.03 1,036.31 +0.3% +2.72 +7.1%
Copper Future 4.48 4.47 +0.1% +0.01 +0.3%
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(END) Dow Jones Newswires
February 04, 2022 02:37 ET (07:37 GMT)
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