Tokio/Hong Kong/Shanghai/Sydney (dpa -AfX) – The larger Asian stock markets recovered on Friday. The Chinese stock exchanges continued their above -average development of the past few weeks. In the meantime, the markets of the Asia-Pacific region were in the minus.
News caused a sigh of relief in the Far East that the United States could still reach an agreement in the budget dispute. The democratic minority leader in the Senate, Chuck Schumer, who recently announced his party’s resistance to a draft budget by the Republican, steered. However, he emphasized that he respected when other senators voted against the draft budget of the Republicans.
The Chinese stock exchanges continued their above -average development of the past few weeks. The market participants of Deutsche Bank referred to the news that there should be a press conference of several ministries on the subject of consumption on Monday. Consumer goods values were therefore required. The CSI-300 index (CSI 300) with the most important Chinese mainland shares attracted 2.43 percent to 4,006.56 points in late retail. For the Hang Seng index (Hang Seng) of the Hong Kong special administration zone, it went up by 2.35 percent to 24,014.14 points.
Japanese stocks were not quite as strong. The leading index Nikkei 225 Castle 0.7 percent higher with 37,053.10 points. The development was braked somewhat by the bond market. Government bonds at 30 years of term had reached the highest return since 2008.
In this context, investment strategist Ulrich Stephan from Deutsche Bank also referred to currency development. “With an upgrading by around six percent to the US dollar since the beginning of the year, the Japanese Yen 2025 remains one of the strongest currencies,” said Stefan. “The yen benefits from the falling return differences between US state bonds and their Japanese counterparts.” However, a strong domestic currency can put a strain on the export -oriented Japanese economy.
In Australia, too, it went up slightly. The leading index S&P/ASX 200 (S&P ASX 200) rose by 0.52 percent to 7,789.7 points.