Asia-Pacific Stock Exchanges Close Without A Single Dynamic

Asia-Pacific Stock Exchanges Close Without A Single Dynamic

Asia-Pacific stock exchanges close without a single dynamic.

As a result of trading, the Shanghai Composite Stock Exchange Index increased by 0.8%, to 3596.22 points, the Shenzhen Stock Exchange Shenzhen Composite – by 1.5%, to 2401.78 points, the Hong Kong Hang Seng Index – by 1%, to 28862. South Korean KOSPI fell 2.33% to 3013.93 points, Australian S & P / ASX 200 – 0.78%, to 6663 points. The Japanese Nikkei 225 Index fell 0.97% to 28242.21 points.

With regards to the Asia-Pacific stock exchanges, in particular, the Korean index suffered, which was influenced by local corporate news. Thus, the shares of the South Korean electronics manufacturer Samsung Electronics fell in price by the end of trading, by 3.4%, on the news that the vice president of the company and the main heir of Samsung Group, Lee Jae Young, who actually controls the conglomerate, received two and a half years in prison, for giving a bribe.

In other countries, investors paid more attention to the fact that the US stock exchanges closed lower on Friday, after the release of reports of a number of US banks. Thus, analysts at Mizuho Securities stated that investors in Japan were disappointed by the fall in US equity markets.

Macroeconomic data gave positive indices in China. According to official data, the country’s GDP in the fourth quarter of last year grew by 6.5% in annual terms, which was better than analysts’ expectations.

Asia-Pacific stock exchanges closed flat on Monday, following the US markets, while China’s stock exchanges rose markedly on data on the country’s GDP growth, according to trading data.

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