empty
16.02.2021 12:35 PM
Asia-Pacific stocks' desire to significantly increase positions is still justified

This image is no longer relevant

A positive trend is observed on the trading platforms of the Asia-Pacific region on Tuesday morning. Major stock indexes are steadily moving up. However, not all indexes are back in the game: Chinese exchanges are still closed for the Lunar New Year celebration. But Hong Kong shares are again available for purchase.

Market participants are still encouraged by the fact that mass vaccination against coronavirus infection continues to skyrocket around the world. This can only mean that countries will very soon be able to begin a more active recovery of their economies from the consequences of the crisis caused by the coronavirus pandemic.

The new portion of financial incentives in the United States of America also causes a wave of positive emotions among investors, who believe that this measure will be the most effective tool that can support the growth of the country's economy and ensure the achievement of all the necessary indicators by sector.

Japan's Nikkei 225 index rose 1.1% in the morning. Its solid rise continues for the second trading session in a row, which, of course, cannot but rejoice investors, who are now waiting for even greater progress. Meanwhile, the Japanese indicator has already crossed the strategically important mark of 30,000 points, which happened for the first time in thirty years.

The Hong Kong Hang Seng Index rose 1.48% immediately after the opening.

South Korea's KOSPI was able to gain 0.42%.

Australia's S&P/ASX 200 Index climbed 0.7%. The news from the main regulator, the Reserve Bank of Australia, had a significant impact on the mood of investors. According to the conclusions of the representatives of the financial regulatory organization, very soon, the country's economy will need a fairly substantial financial injection, which will be necessary to support the main sectors. Thus, it is to be expected that Australian monetary policy may soon be revised. At the very least, the authorities intend to start an active struggle to achieve targets for inflation and the labor market. This may lead to the fact that incentive measures in the country will not only not be curtailed, but will also become more widespread. It has already been announced that the securities repurchase program will be continued indefinitely. It was the main measure to support the economic recovery process until the last moment.

Thus, the stock markets of the Asia-Pacific region continue to maintain a positive attitude, due to the hope that economic activity in the coming year will return at least to the pre-crisis level, and in the best case, even slightly higher.

Maria Shablon,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

US Market News Digest for March 20

Although the S&P 500 shows optimism, its growth since March 14 has been viewed as more of a correction. A move toward the target range of 5,881–5,910 becomes more likely

Ekaterina Kiseleva 11:26 2025-03-20 UTC+2

Gold on Fire: Ounce Breaks $3,057, Indexes Also Up

Fed Leaves Rates Unchanged, As Expected Central Bank to Reduce Balance Shelf Life Powell Signals Impact of Tariffs Is Difficult to Determine Gold Hits Record High of $3,057.21 an Ounce

Thomas Frank 10:26 2025-03-20 UTC+2

US Market News Digest for March 19

Nvidia, which should have been celebrating the start of its annual developer conference, saw its shares fall instead. Tesla, still reeling from Elon Musk's latest adventures, took a hit from

Natalia Andreeva 10:52 2025-03-19 UTC+2

Markets in fear: Nasdaq plunges 1.71% while gold hits record highs

Tech stocks sink as gold surges to a new record Nvidia dropped as the conference annual of software developers kicked off. Tesla fell after RBC cut its price target

09:35 2025-03-19 UTC+2

Markets in fear: Nasdaq plunges 1.71%, gold hits record highs

Nvidia falls as annual software developers conference begins Tesla falls after RBC cuts price target Gold hits all-time high of $3,038.90 an ounce Alphabet falls after $32 billion deal

Thomas Frank 06:48 2025-03-19 UTC+2

US Market News Digest for March 18

February data revealed a 0.2% increase in US retail sales, signaling robust consumer activity. However, New York's manufacturing activity declined in March, pointing to localized economic weakness. Despite these mixed

Ekaterina Kiseleva 13:51 2025-03-18 UTC+2

EUR/USD Pauses as S&P 500 Forecasts Worsen – How to Find Balance?

The global market is currently struggling to find balance in key currency pairs and stock instruments. This is particularly challenging given the recent decline of the euro and the weakness

Larisa Kolesnikova 07:52 2025-03-18 UTC+2

Global Market Dynamics: China, the US and AI Are Driving New Trends

Intel rises after a report that the new CEO plans to reorganize manufacturing and artificial intelligence operations. February retail sales rise 0.2%. New York manufacturing activity fell in March. Hong

05:16 2025-03-18 UTC+2

Global Markets in Action: China, US, and AI Set New Trends

Intel Gains After New CEO Plans AI Manufacturing and Operations Overhaul February Retail Sales Up 0.2% New York Manufacturing Activity Falls in March Hong Kong Stocks, Kiwis Gain on China

Thomas Frank 04:59 2025-03-18 UTC+2

US Market News Digest for March 17

US markets rally on Friday: S&P 500 gains 2.1%, Nasdaq Composite rises 2.6% The US stock market ended the week on a high note, as if the recent turbulence never

Natalia Andreeva 14:04 2025-03-17 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.