The trading on Asian markets rose on Thursday as investors are encouraged by President Donald Trump’s less combative tone in his first speech to Congress, which sent Wall Street markets to new high, while the growing bets on a U.S. rate hike this month buoyed the dollar.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose by 0.5%, while Japan’s Nikkei rose by 1.3% to a 14-month high.
The Asian stock markets trading is conducted today with rising prices, after yesterday there was no trading on Wall Street due to the “Presidents Day”.
The European indexes yesterday closed unchanged, except for the German DAX index which rose by 0.6%.
Good economic news from French, as when the local economy grows fastest since 2011 as services strengthen.
A composite purchasing managers’ Index climbed to 56.2 from 54.1 in January.
In the UK, HSBC shares slide after 62% profit fall.
HSBC attributed the fall to a string of one-off charges, including the sale of its operations in Brazil.
HSBC said its performance had been “broadly satisfactory” given “volatile financial conditions” but warned a rise in global protectionism was a concern.
The bank also announced a smaller-than-expected share buyback.
That also helped undermine shares, which were down by 5% in London.
Among global investors there are feared that the statistical office of President Donald Trump economic data going to be modified.
Trump has not appointed yet anyone from the Council of Economic Advisers in the White House.
The fears of manipulation of the data also arise from the unusual approach of Trump administration’s interpretation of economic data.
The president himself is talking about “real” unemployment much higher than the official, and uses data which cover all citizens of working age who are not employed.
The current trading day in Asia ended with decline at the main indices on the continent.
The Nikkei fell by 0.6%, Shanghai fell by 0.9%, Hang Seng shed 0.3%.
The Asian markets are trading with gains after Wall Street stock markets last night rose to a record against the background of Janet Yellen’s speech in the US Senate. The Federal Reserve Chairman said that if the trend of improvement in the US economy would be appropriate, once again she will raise the interest rates.
The Asian stock markets trading is conducted on a negative trend due to the appreciation of the dollar against the Japanese yen.
The US Dollar falls against the yen by 0.25% and trading at about 113.45 yen to the dollar.
On the first day of trading this week, the Asian markets ended with gains, after the trading on Wall Street last Friday, broke all records.
Tokyo added 0.4%, Hong Kong rising by 0.5%, Shanghai climbed by 0.6% and Singapore rose by 0.3%.
The Asian markets are at their highest level for 18 months.
Hong Kong climbed by 0.3% and the Shanghai Stock Exchange rising by 0.4%. Singapore rising by 0.7% and Seoul stock exchange rising by 0.3%.
Political uncertainty is the main factor for the price declines in Asian markets this morning, leading investors to seek refuge in relatively safe investment channels such as the gold.
Tokyo fell by 0.35%, Hong Kong weakened by 0.1%, Shanghai lost 0.1%, Seoul fell by 0.1%.
The Asian stock markets are rising at the backdrop of rising prices gains on Wall Street on Friday, following Trump’s announcement that he will reduce the regulation of banks.
Tokyo rose 0.3%, Hong Kong grew by 0.9%, Seoul rose 0.2%, Shanghai and Singapore added 0.5%
The Asian markets today traded with declines in view of the uncertainty around the Trump government’s measures which begins to put some fears in the investor confidence.