Asian stocks are mostly positive. Are you an investor and follow the market news? Then read on how to invest in the Asian market and what dynamics have occurred in recent months!
”Never be dependent on a single source of income. Invest to create a second source ”- has always said Warren Buffett, American entrepreneur and the world’s largest investor.
Asian stock indices are mostly growing after the American S&P 500 index earlier updated its record high, which had a positive impact on the overall dynamics.
Note that the US Food and Drug Administration (FDA) has recommended the suspension of the Johnson & Johnson (SPB: JNJ) coronavirus vaccine COVID-19 due to cases of thrombosis in patients.
Japanese Nikkei 225 Index dropped 0.41%.
Toshiba Corp. rise in price by 5.1%. This came after the company’s chief executive, Nobuyaki Kurumatani, resigned. His place was taken by the chairman of the board of directors of Toshiba Satoshi Tsunakawa. The change in management of the company came shortly after CVC Capital Partners offered to buy Toshiba for more than $ 20 billion.
Fujifilm Holdings Corp. at auction in Tokyo increased by 3.8%, Canon Inc. – by 2.4%. And the market value of J. Front Retailing Co. Ltd. decreased by 7.5%, T&D Holdings Inc. – by 3.9%, respectively.
The Chinese index Shanghai Composite rose by 0.50%, the Hong Kong Hang Seng – by 1.34%.
Several Chinese tech companies, including JD.com Inc., Meituan and ByteDance, have pledged to comply with antitrust regulations after the Chinese regulator ordered 34 industry officials to conduct internal audits and correct business practices that restrict competition, the South China Morning Post reported.
JD.com shares rose 2.5% in Hong Kong and Meituan rose 4.3%.
The stock quote of the automaker Geely Automobile Holdings Ltd. rose 5.8%, semiconductor manufacturer AAC Technologies Holdings Inc. – by 3.8%. Communications operator China Mobile Ltd. rise in price by 0.1%. Hang Seng Bank Ltd. declines by 0.1%, insurer AIA Group Ltd. – also by 0.1%. South Korea’s Kospi Index added 0.54%. Capitalization of the manufacturer SK Hynix Inc. is reduced by 1.4%.
The price of shares of the automaker Hyundai Motor Co. growing by 1.3%, Kia Corp. – by 0.7%. The Australian S & P / ASX 200 rose 0.69%.
The consumer confidence index, which is calculated by the Institute of Melbourne and Westpac Bank, jumped 6.2% in March compared to the previous month and reached its highest since August 2010, 118.8 points.
The market value of the world’s largest mining companies BHP Group Ltd and Rio Tinto Ltd is growing by 0.6% and 0.8%, respectively.
Beach Energy Ltd shares are up 0.9%, Oil Search Ltd is down 0.3%. Singapore’s FTSE Straits Times Index is down 0.28%, despite Singapore’s first-quarter GDP growth in Q1 2021 – 0.2% YoY. Analysts had expected the Singapore economy to contract 0.2% in January-March after falling 2.4% in the fourth quarter of 2020, Trading Economics notes.
As we can see, the Asian stock market can be of great interest to investors and traders who prefer to work with securities.
What do you think about the dynamics of the Asian market? Share your opinion in the comments below! I would be happy to answer any questions or submit your project to my team at Astorts Group for evaluation.
Alessandro Rocco Pietrocola is an entrepreneur and investor based in London and operating mainly in Europe, Asia and Oceania with main focus on UK, Baltic Countries, Russia, China, Hong Kong, Malaysia, Singapore, Middle East and New Zealand as area of interest! At the moment is the CEO of Astorts Group. He is an UK FCA (Financial Conduct Authority) Approved Person and is has great experience as director of regulated companies. He uses to dedicate part of his life to inspire others and help them achieve the most out of their life. Since he was 20, he had successfully founded and managed several companies operating in the field of management consulting, wealth management and fintech. He loves travelling, he is a cigars lover, an amateur golfer and a dapper man.