Categories: Stocks & Shares

Stock in Asia-Pacific mixed

The Shanghai composite dropped 0.23%, Hang Seng index added 0.88%, the S&P/ASX 200 shed 0.86%, and MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.23%

Stock in Asia-Pacific were mixed, with South Korean stocks rising again on the back of big gains last week.

South Korea’s Kospi, which had a stellar start to 2021 as it jumped nearly 10% in the first trading week of the year, shed earlier gains as it declined about 1%.

Shares of automaker Hyundai Motor rose again on Monday following a local media report that the firm and Apple are set to sign a partnership deal on autonomous electric cars, according to Reuters.

Hyundai Motor shares soared 6.71% while Kia Motors also jumped more than 1%. Hyundai Mobis and Hyundai Glovis, however, fell more than 2% each. Shares of Hyundai Motor popped more than 19% on Friday following an initial report surrounding the Apple deal.

Mainland Chinese stocks dipped, with the Shanghai composite declining 0.23% while the Shenzhen component shed 0.431%.

China’s producer price index fell 0.4% in December as compared to a year earlier, according to the country’s Bureau of Statistics. That was a smaller decline than the 0.8% fall expected in a median forecast of a Reuters poll. Meanwhile, China’s consumer price index rose 0.2% year-on-year in December, against expectations of a 0.1% increase in a Reuters poll.

Hong Kong’s Hang Seng index advanced 0.88%. Elsewhere, the S&P/ASX 200 in Australia declined 0.86%.

MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.23%.

Markets in Japan are closed on Monday for a holiday.

In currency markets, the U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.425 after a recent rise from levels below 89.4.

The Japanese yen traded at 104.19 per dollar after weakening last week from levels below 103 against the greenback. The Australian dollar was at $0.7698 following levels above $0.78 seen last week.




Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Share
Richard Stanley

Recent Posts

World stock markets hit record highs

Asian stocks touched new peaks, Wall Street reached new highs, and MSCI’s global index added 0.28% World stock markets racked… Read More

4 hours ago

London stocks to open marginally lower

The FTSE 100 finished 0.4% lower at 6,715.42 on Thursday, down 0.3% since the week began Stocks in London are… Read More

4 hours ago

Indonesia stock market flat

The Jakarta Composite Index ended slightly lower, dropping 0.25 percent at 6,413.89 The Indonesia stock market has alternated between positive… Read More

4 hours ago

Netflix share price soars to double-digit gains on 200 million subscribers milestone is passed

The Netflix share price has soared by almost 13.5% in early trading on Wall Street this morning after the television… Read More

1 day ago

Stock market surges as Biden becomes president

The S&P 500 added 13 per cent on Wednesday, the best increase seen for any president since 1952 The stock… Read More

1 day ago

China stock market bounces higher again

The index added 0.47 percent to close at 3,583.09, while the Shenzhen Composite Index climbed 1.43 percent to finish at… Read More

1 day ago

This website uses cookies.

Read More