Tue, September 26, 2023

Chinese Stocks Gained while Japanese Stocks Fell on April 2

Stocks and risk factors

On Thursday, mainland Chinese stocks strengthened their positions. Moreover, Chinese stocks recovered from earlier losses and without a doubt, it was a positive day for the stock markets.

Let’s have a look at the Chinese stock indexes. The Shanghai Composite added 1.69% to about 2,780.64. At the same time, the Shenzhen composite rose 2.258% to around 1,697.55.

South Korea’s Kospi index gained 2.34 to end its trading day at 1.724.86.

However, Australia’s S&P/ASX 200 fell 1.98% to close at 5.154.30 as the financial subindex dropped 4.21%. Unfortunately, the financial subindex and consequently the S&P/ASX 200 fell as shares of major banks sold off.

As can be seen from the title, it was a turbulent day for Japanese stocks. The Nikkei 225 dropped 3.7% end its trading day at 17,818.72. Topix index decreased 1.57% to close at 1.329.87. On Thursday, the Nikkei 225 fell as shares of index heavyweight Fast Retailing dropped 2.41%.

 Stocks, economy and coronavirusTop economies and stock markets

The first quarter of 2020, was tough for the economy of China as well as to other countries. Several months ago, it was hard to imagine that, coronavirus would become the main issue to the global economy.

Authorities in China imposed restrictions as they tried to contain the virus. Nevertheless, coronavirus reached all regions of China. Moreover, at the moment this virus spread to the vast majority of countries.

Hopefully, China was able to stabilize the situation in Wuhan, which was the city from which this virus originated from several months ago.

The current situation is far from being ideal. It is not a secret that stocks hate uncertainty. Moreover, concerns over the economic impact of the global coronavirus pandemic, continue to weigh on market sentiment.

Importantly, central banks in cooperation with governments are working round the clock to avoid the worst-case scenario. Nevertheless, people should follow the instructions otherwise it will be tough to solve problems.


Virtual Christmas: Using technology to have fun

Innovative technology has become a cornerstone of progress in our rapidly evolving

Global Markets and Crude Oil Prices Affected Indian Rupee

The swift economic expansion of India, outpacing other major economies, faces a

Silver prices up

The precious metals market remains an arena of interest for investors seeking


Leave a Comment

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

User Review
  • Support
  • Platform
  • Spreads
  • Trading Instument



Broker News

Axi Debuts Proprietary Trading with Attractive Profit Split

Axi, formerly known as AxiTrader, is boldly stepping into the proprietary trading arena despite the sector’s current turmoil following actions against My Forex Funds. The Australian Forex and CFDs broker has launched a proprietary