On the first day of the new week, indexes in the Asia-Pacific region are trading mixed.

Anna
November 13, 2023
2 minutes read

On the first day of the new week, indexes in the Asia-Pacific region are trading mixed.
The Chinese market is seeing a slight rebound, with indices gaining between 0.15-0.25%. In contrast, Australia’s S&P ASX 200 is leading the declines, losing 0.50%. Japan’s Nikkei 225 loses 0.05%.
Futures on the Old Continent are pointing to a lower opening of the cash session, as are index futures from the US. The US500 and US100 are losing 0.40% and 0.50%, respectively.
Japan’s year-on-year producer price index (PPI) came in at 0.8%, compared to forecasts of 0.9% and 2.0% a month earlier. On a month-on-month basis, the PPI recorded a decline of -0.4%, compared to a forecast of 0% and -0.3% a month ago.
The United States conducted two more airstrikes in Syria against facilities used by Iran’s Islamic Revolutionary Guard Corps and affiliated groups in response to continued attacks on US forces in Syria and Iraq.
Goldman Sachs revised its stance on Chinese stocks by lowering its recommendation of Chinese companies. The bank cited low earnings growth and a potential reduction in the companies’ attractiveness due to factors such as a slowdown in the housing sector and high debt levels.
This week, on November 15, there will be a meeting between US President Joe Biden and Chinese leader Xi Jinping. It will be the first face-to-face meeting in a year at the Asia-Pacific Economic Cooperation summit in San Francisco. Markets expect warming relations between the two major powers.
In the first part of the day in the forex market we do not see much change, but the dollar behaves slightly weaker against most currency pairs. Nevertheless, the USDJPY is gaining 0.20%, and the rate is trading at 151,700.
US bond yields are gaining to the level of 4.66%.
The cryptocurrency market is seeing a slight correction. Bitcoin retreats 0.50% to the $36600 level, as does Ethereum, which is trading at $2045.
Over the weekend, we saw relatively larger increases on altcoins against Ethereum and Bitcoin.

Latest news

Stock market indices in the Asia-Pacific region traded at mixed levels during Tuesday’s trading session. Korea’s KOSPI gained nearly 1.01% intraday, while Japan’s Nikkei was down 0.11%. The Hang Seng is currently performing poorly, trading down 0.88%.

November 28, 2023

Indices from Asia-Pacific launched new week’s trading lower. Nikkei drops 0.6%, S&P/ASX 200 is down 0.8%, Kospi and Nifty 50 decline 0.1% while indices from China trade 0.4-1.2% lower

November 27, 2023

After a moderately positive European session on Thursday and no trading on Wall Street, Friday’s sentiment in the Asian session was mostly weak. The HangSeng lost more than 1.7%, and South Korea’s KOSPI lost 0.7%. Japan’s Topix and Nikkei gained within 0.5%.

November 24, 2023

US indices finished yesterday’s trading higher with S&P 500 gaining 0.41%, Dow Jones moving 0.53% higher and Nasdaq adding 0.46%. Small-cap Russell 2000 gained almost 0.6%

November 23, 2023

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On the first day of the new week, indexes in the Asia-Pacific region are trading mixed.

Table of Contents

Latest news

Stock market indices in the Asia-Pacific region traded at mixed levels during Tuesday’s trading session. Korea’s KOSPI gained nearly 1.01% intraday, while Japan’s Nikkei was down 0.11%. The Hang Seng is currently performing poorly, trading down 0.88%.

Indices from Asia-Pacific launched new week’s trading lower. Nikkei drops 0.6%, S&P/ASX 200 is down 0.8%, Kospi and Nifty 50 decline 0.1% while indices from China trade 0.4-1.2% lower

After a moderately positive European session on Thursday and no trading on Wall Street, Friday’s sentiment in the Asian session was mostly weak. The HangSeng lost more than 1.7%, and South Korea’s KOSPI lost 0.7%. Japan’s Topix and Nikkei gained within 0.5%.

US indices finished yesterday’s trading higher with S&P 500 gaining 0.41%, Dow Jones moving 0.53% higher and Nasdaq adding 0.46%. Small-cap Russell 2000 gained almost 0.6%

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