By Steffen Gosenheimer
Dow Jones-the stock markets in East Asia tended inconsistently on Thursday. In Hong Kong, investors took profits after the latest surcharges, the HSI was 2.2 percent behind in late retail. The composite index lost 0.5 percent in Schanghai. The Chinese central bank could have caused a slight disappointment. She left her reference interest for bank loans to companies and households unchanged. The markets were still expecting new impulses because Beijing had promised to reduce the minimum reserve rate of the banks and the interest rates at a suitable time, it was said in stores.
In Seoul, the Kospi was slightly upwards by 0.3 percent. In Tokyo, the beginning of spring was not traded due to the holiday.
Sydney joined the positive requirement of Wall Street, with an index plus of 1.2 percent. The mood may have helped that the neighboring country of New Zealand had reported a better than expected GDP for the fourth quarter. In addition, interest -cut fantasy came after new labor market data in Australia were a little weaker than expected.
On Wall Street, the courses had positively responded to the outcome of the session of the US Federal Reserve, as expected, unchanged interest. However, it signaled two interest reductions for the further course of the year and spoke of increased uncertainties for economic development. Central Bank boss Jerome Powell also said: “Overall, the economy is strong and has made considerable progress in achieving our goals in the past two years.” The labor market conditions are solid, and inflation has approached the longer -term goal of 2 percent, even if it has still been increased.
Tencent very weak
In Hong Kong, the minus of 3.6 percent in the heavyweight Tencent also loaded the mood. Alibaba gave up 3.9 percent by 5.1 percent. The subindex of the technology stocks lost 3.3 percent. At Tencent, investors may also use good news for profit from. The internet company almost doubled its profit in the fourth quarter and clearly exceeded the forecasts of analysts. Tencent has been in plus almost 30 percent since the beginning of the year.
Geely attracted 1.2 percent. The carmaker almost tripled the net profit last year thanks to robust sales and exports at a record level. It rose to the equivalent of 2.1 billion euros. The turnover increased by a good third.
Brickworks won 1.2 percent in Sydney. The building material provider increases its dividend, despite weak US results. Cleanaway agreed to take over a local decontamination specialist for $ 377 million, the course reacted with an increase of 2.0 percent.
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Index (stock exchange) last +/- % % YTD end
S&P/ASX 200 (Sydney) 7.918.90 +1.2% -3.7% 06:00
Nikkei -225 (Tokyo) 37,751.88 -0.2% -5.1% 07:00
Kospi (SEOUL) 2,637.10 +0.3% +9.9% 08:00
Shanghai-Comp. 3,408.95 -0.5% +2.3% 08:00
Hang -Seng (Hongk.) 24,233.53 -2.2% +23.1% 09:00
Straits-Times (Sing.) 3,908.31 +0.1% +3.1% 10:00
Foreigners last +/- % end the day before Wed, 08:14 % YTD
EUR/USD 1.0890 -0.2 1.0894 1.0909 +5.7%
EUR/JPY 161.61 -0.3 159.98 163.20 +0.4%
EUR/GBP 0.8386 -0.0 0.8435 0.8409 +1.8%
GBP/USD 1.2987 -0.1 1.2915 1.2973 +3.8%
USD/JPY 148.39 -0.1 146.85 149.58 -5.1%
USD/KRW 1,460.35 -0.1 1,453.80 1,453.30 -1.7%
USD/CNY 7.1742 0.1 7.1581 7.1727 -0.6%
USD/CNH 7,2379 0.1 7.2325 7.2368 -1.4%
USD/HKD 7.7706 0.0 7.7692 7.7714 +0.0%
AUD/USD 0.6322 -0.6 0.6287 0.6346 +2.8%
NZD/USD 0.5773 -0.8 0.5703 0.5806 +4.0%
BTC/USD 85,941.65 -0.3 80,313.90 83,155.25 -11.6%
Row oil last VT-Settlem. +/- % +/- USD % YTD
WTI/Nymex 67.52 67.16 +0.5% +0.36 +0.5%
Brent/ICE 71.24 70.86 +0.5% +0.38 -5.7%
Metals last the last day +/- % +/- USD % YTD
Gold (spot) 3045.855 3050.1865 -0.1% -4.33 +15.6%
Silver (spot) 30.96 31.04 -0.3% -0.08 +11.6%
Platinum (spot) 912.42 918.29 -0.6% -5.87 +4.6%
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DJG/DJN/GOS/ROS
(End) Dow Jones Newswires
March 20, 2025 03:23 ET (07:23 GMT)