empty
02.09.2022 04:04 PM
Asia-Pacific indices trading mixed

This image is no longer relevant

Asia-Pacific stock indices show mixed trading. Some of the indicators are declining. Hong Kong's Hang Seng Index decreased by 0.65%, and Australia's S&P/ASX 200 slightly dropped by 0.01%. Other indicators are rising. The Shanghai Shanghai Composite index added 0.28%, almost as much as the KOSPI which added 0.22%, Shenzhen Composite rose by 0.65%, and Japan's Nikkei 225 gained 0.36%.

Investors are awaiting the release of the US labor market data, as this information may influence further decisions on the subsequent interest rate hike. According to preliminary estimates, unemployment in August remained unchanged at 3.5%, and the number of unemployed in the agricultural sector rose by 300,000. Moreover, if the increase in jobs really is such a number, analysts predict that the rate will be raised by 0.75% already this month.

Among Chinese companies, Country Garden Holdings, Co., Ltd. dropped by 4%, China Resources Land, Ltd. declined by 3.7%, Anta Sports Products, Ltd. lost 2.3%, and Lenovo Group, Ltd. decreased by 2.2%.

NIO, Inc. and XPeng, Inc. plummeted by 2% and 4.1% respectively. Electric car shipments rose in August. At the same time, the growth rate fell short of investors' forecasts.

Among the Japanese Nikkei 225 components, Isetan Mitsukoshi Holdings, Ltd. added 2.7%, Seven & I Holdings, Co., Ltd. jumped by 2.5%, and J. Front Retailing, Co., Ltd. gained 2.4%.

South Korea saw a 5.7% year-on-year increase in inflation in August, which was lower than analysts had expected, predicting a 6.1% hike. However, inflation was down from 6.3% in July, which was a two-year record for this indicator. On a monthly basis, the increase in consumer prices declined by 0.1% compared to July's increase of 0.5%. The decline in inflation was due to a decrease in the growth rate of food and energy prices.

The components of the Korean indicator were trading mixed. Kia, Corp. rose by 1.2%, while Samsung Electronics, Co. fell by 0.9%.

Among Australian companies, there was a 2% drop in the price of BHP securities. Rio Tinto declined by 2.6%.

Anastasia Kravtsova,
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 May 2

US equity indices continue to climb despite lingering economic uncertainty. Investor optimism is being driven by expectations of progress in trade talks between the US and China. Nevertheless, ongoing economic

Ekaterina Kiseleva 13:14 2025-05-02 UTC+2

US Market News Digest for May 1

The US stock market weathered notable volatility in April, but a successful rally helped major indices recoup losses. Despite data showing a 0.3% contraction in US GDP for the first

Ekaterina Kiseleva 11:54 2025-05-01 UTC+2

Feast in the Storm: S&P 500 Celebrates Gains as Dollar Drowns and China Weakens

S&P 500 Posts Sixth Straight Day of Gains Oil Falls More Than 1% China Manufacturing Activity Plummets as Trump Tariffs Continue to Squeeze Dollar Set for Worst Month

Thomas Frank 12:09 2025-04-30 UTC+2

US Market News Digest for April 30

US stock indices remain on a positive trajectory, but market pressure has intensified due to a sharp drop in Super Micro shares and the upcoming earnings reports from tech heavyweights

Ekaterina Kiseleva 11:13 2025-04-30 UTC+2

Stock markets regaining optimism. Where to find new entry points

European stocks rose amid hopes of easing trade tensions between the US and China. WTI oil fell by 1.54% to $62.05, while Brent declined by 1.51% to $65.86

12:42 2025-04-29 UTC+2

US Market News Digest for April 29

The S&P 500 and Nasdaq continue to climb, maintaining their upward momentum despite mixed performances across other sectors. Softer rhetoric from the Trump administration and expectations of further tariff relief

Ekaterina Kiseleva 11:59 2025-04-29 UTC+2

Optimism returns to the markets: where to look for new growth points

European stocks rose amid hopes for a reduction in trade tensions between the US and China. WTI oil fell by 1.54% to $62.05, Brent by 1.51% to $65.86

Thomas Frank 10:42 2025-04-29 UTC+2

US Market News Digest for April 28

The S&P 500 and Nasdaq ended the previous trading session higher, defying choppy performance across Asian and European exchanges. Investors are now focused on the upcoming economic data and earnings

Ekaterina Kiseleva 11:31 2025-04-28 UTC+2

Trump's first 100 days behind us: Markets await tariffs, earnings from giants

Trump policy summaries European stocks rose on Monday after a second straight weekly gain Investors are eyeing tariff changes, as well as a busy week of earnings and economic data

Thomas Frank 11:22 2025-04-28 UTC+2

Wall Street surges: Nasdaq soars 2.74% as tech stocks drive market higher

Procter & Gamble and PepsiCo fell after cutting forecasts, while Hasbro and ServiceNow jumped following their earnings reports. March durable goods orders surged more than expected. Alphabet beat revenue expectations

12:52 2025-04-25 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.