Asian stocks the week open mostly higher

2019-09-09 09:28:44 GMT (Economies.com)
Asian stocks the week open mostly higher

Asian stock opened mixed but mostly with a positive performance, with the Japanese, Chinese Australian. Hong Kong's Hang Seng and the South Korean Kospi rose, after the release of key economic data from major Asian economies, which have boosted the market's hopes about more stimulus .

 

Over the weekend, China released its reading for the Trade Balance, as the surplus contracted more than expected during August due to exports declining due to the escalation of the trade war, while the US-China trade talks will resume talks next month in Washington.

 

Earlier Japan released the final GDP reading, which showed that the growth has slowed down in Q2, while the current account reading showed that the surplus contracted more than expected in July.

 

While the People's Bank of China said its reserve requirement ratio would be cut by 50 basis points starting from September 16th, and also stated that it's seeking to expand it to 100 basis points, in 2 phases of 50 basis points each, which will provide liquidity of around 900 billion yuan.

 

In terms of trading, the Japanese stocks rose today, with Topix rising by 0.62% or 9.52 points to 1,546.62, and Nikkei 225 rose by 0.50%, or 106.32 points to 21,305.89.

 

The Chinese stocks also rose, as the CSI 300 rose by 0.35% or 13.98 points to 3,962.49, and the Shanghai Composite rose by 0.40% or 11.89 points to 3,011.49.

 

Hong Kong's Hang Seng rose by 0.09% or 23.54 points to 26,714.30, and the South Korean Kospi rose by 0.03% or 9.27 points to 2,018.40.

 

To New Zealand's NZX 50, which fell by 0.30% or 33.17 points to 11,185.82 points, while Australia's S&P/ASX 200 rose by 0.08% or 5.37 points to 6,652.70.

 
 
 
  Symbol Last Change Chg.%
1.1019
-0.0001
0.0065%
1.2472
0.0003
0.0236%
17.964
0.513
2.940%
58.477
3.583
6.527%
64.28
-0.12
0.19%
1516.410
27.430
1.842%
 
 
US
 
Europe
 
Asia