Tue, June 18, 2024

Asian Stock market news on Monday

Stock markets on September 20

On Monday, stock markets located in Asia reacted to the problems created by new tariffs. Starting from Sunday, the U.S. imposed additional tariffs on Chinese products. The trade war created various issues for the stock markets in Asia and around the world.

As mentioned above from September, the U.S. imposed tariffs on $112 billion on Chinese goods. China responded with $75 billion imposed on American goods. This was the result of the tariffs imposed by the U.S. and China.

Stock markets on September 2

Asian stocks on Monday

The shares of Chinese indexes rose on September 2.  For instance, the index of the Shanghai composite increased by 1.31% to was close to 2,924.11.  Another Chinese index the Shenzhen component rose by 2.18% to 9,569.47. Shenzhen composite was also on the rise. Its index increased by 2.259% was close to 1,614.92.

For instance, the Chinext index increased by 3.04% and was close to 1,944.42. This fact, once more highlighted that investing in the high-tech sector is a lucrative business.

Another country which gained from this situation is South Korea. The local Kospi index increased a little bit, and at the end of the trading day, its index reached 1,969.19.

Australian index S&P/ASX 200, on the contrary, decreased on Monday. Its index fell by 0.38% and was close to 6,579.40.

However, the situation was different in Japan, which has the third-largest economy in the world. The shares of Japanese indexes fell on September 2. The Nikkei 225 index fell by 0, 41% was close to 20,620.19. Topix index also fell by 0.44% to 1,505.21.

Komatsu LTD shares decreased by 0.2%. Oil and natural gas developer’s shares also fell on Monday. The shares of Inpex fell by 1.7%. Oil developer Japan Petroleum Exploration Co, also faced problems as its shares fell by 1.7%.

Fortunately, at least some of the Japanese companies managed to gain from this situation. The shares of Mitsui OSK Lines, Kawasaki Kisen Kaisha, and others, as well as the shipping companies, increased on September 2.

YOU MAY ALSO LIKE

Tether and a New York appeals court

Quick Look: Tether’s new synthetic dollar, aUSDT, represents a strategic push into

NZD/USD - NZD USD digital trading chart.

Quick Look: NZD/USD continues to decline, driven by a strong US Dollar

Adobe palace window with logo.

Quick Look: Adobe’s stock rose by 13% over the past week, trading

COMMENTS

Leave a Comment

Your email address will not be published. Required fields are marked *

User Review
  • Support
    Sending
  • Platform
    Sending
  • Spreads
    Sending
  • Trading Instument
    Sending

BROKER NEWS

Zenfinex Reports Revenue Surge but Faces Operating Losses

London-based broker Zenfinex, now operating as Taurex, has exposed its fiscal year 2023 financial results, which paint a complex picture of its economic situation. Zenfinex’s Fiscal Overview Zenfinex Limited’s revenue hit £848,306, a

BROKER NEWS

Broker News

Zenfinex Reports Revenue Surge but Faces Operating Losses

London-based broker Zenfinex, now operating as Taurex, has exposed its fiscal year 2023 financial results, which paint a complex picture of its economic situation. Zenfinex’s Fiscal Overview Zenfinex Limited’s revenue hit £848,306, a significant