By Steffen Gosenheimer
TOKYO/HONG KONG (Dow Jones) — East Asian stock markets turned lower Thursday on the back of more significant Wall Street losses. However, after the recent good mood, the levies are mostly limited. In the USA, the still open final result of the midterm elections weighed on the mood, with a victory for the Republicans becoming apparent overall, albeit less clearly than expected. This would make governing for US President Joe Biden more difficult.
In Tokyo, the Nikkei 225 lost around 1 percent to 27.444 points, in Seoul the Kospi fell back by 0.6 percent. While Shanghai is also down by around half a percent, the HSI in Hong Kong clearly lost the most with 1.9 percent. Sydney closed down 0.5 percent.
According to traders, the fact that new inflation data from the USA will be reported later in the day, which could have a decisive influence on whether the US Federal Reserve can shift down a gear on its rate hike course or not, is also causing reluctance on the stock exchanges, according to traders.
Increasing cases of Covid-19 infections are cited as a negative factor on the Chinese stock markets, alongside the weak US guideline. In the Guangzhou region in particular, where there are many production facilities, the number of infections increased.
Among the individual values, Sunny Optical increased by almost 1 percent, although deliveries of camera modules fell in October. Galaxy Entertainment give way by 1.4 percent. The casino operator’s sales fell by 52 percent in the third quarter due to the Covid 19 restrictions.
In the real estate sector, which was solid the day before thanks to newly announced government support measures, Country Garden Services are up 1 percent. The company plans to acquire Hopefluent Group for HK$233 million.
In Seoul, Samsung Fire & Marine Insurance lost 0.5 percent after the quarterly figures were presented.
Also according to business figures, Honda Motor in Tokyo fell by 4.2 percent. The carmaker failed to meet market expectations, as did its competitor Nissan (-0.2%). Kubota down 6.7 percent, weighed down by a lowered outlook. Kawasaki Heavy also presented figures, with the stock gaining 5 percent.
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Index (stock market) last +/- % % YTD end
S&P/ASX 200 (Sydney) 6,962.60 -0.5% -6.5% 06:00
Nikkei-225 (Tokyo) 27,461.45 -0.9% -3.2% 07:00
Kospi (Seoul) 2,410.73 -0.6% -19.0% 07:00
Shanghai Comp. 3,032.08 -0.5% -16.7% 08:00
Hang Seng (Hongk.) 16,077.45 -1.7% -29.3% 09:00
Straits-Times (Sing.) 3,175.13 +0.3% +0.5% 10:00
KLCI (Malaysia) 1,450.91 +0.3% -8.0% 10:00
FOREX last +/- % 00:00 Wed, 8:49% YTD
EUR/USD 1.0036 +0.2% 1.0011 1.0063 -11.7%
EUR/JPY 146.63 +0.0% 146.62 146.63 +12.0%
EUR/GBP 0.8797 -0.2% 0.8814 0.8728 +4.7%
GBP/USD 1.1409 +0.4% 1.1359 1.1529 -15.7%
USD/JPY 146.11 -0.2% 146.45 145.71 +26.9%
USD/KRW 1,371.70 +0.0% 1,371.36 1,362.20 +15.4%
USD/CNY 7.2490 +0.1% 7.2419 7.2497 +14.1%
USD/CNH 7.2499 -0.3% 7.2752 7.2546 +14.1%
USD/HKD 7.8498 +0.0% 7.8496 7.8494 +0.7%
AUD/USD 0.6426 -0.0% 0.6428 0.6495 -11.5%
NZD/USD 0.5878 -0.1% 0.5882 0.5935 -13.9%
Bitcoin
BTC/USD 16,590.34 +4.8% 15,835.01 18,201.24 -64.1%
CRUDE OIL last VT settlem. +/- % +/- USD % YTD
WTI/Nymex 85.77 85.83 -0.1% -0.06 +22.8%
Brent/ICE 92.61 92.65 -0.0% -0.04 +26.2%
METALS last day before +/- % +/- USD % YTD
Gold (Spot) 1,711.06 1,706.68 +0.3% +4.39 -6.5%
Silver (Spot) 21.19 21.13 +0.3% +0.07 -9.1%
Platinum (Spot) 996.35 990.18 +0.6% +6.18 +2.7%
Copper Future 3.70 3.70 -0.1% -0.00 -16.2%
YTD based on the closing price of the previous day
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DJG/DJN/gos/flf
(END) Dow Jones Newswires
November 10, 2022 00:40 ET (05:40 GMT)
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