Tue, September 26, 2023

Investors, stocks and trade talks

Asian stocks on Friday

On November 15, stocks in Japan strengthened their positions.  the Nikkei 225 gained 0.7% and was close to 23,303.32. Another major Japanese index Topix increased by 0.73% and at the end of the trading day reached 1,696.67. 

In Hong Kong, the Hang Seng index was flat at 26,326.66.

On Friday, as all major stock indexes declined in China. The Shanghai Composite fell by 0.64% to around 2,891.34. The Shenzhen component declined by 1.01% to 9,647.99

The Shenzhen composite fell by 1.134% to about 1,605.70.

In South Korea, the Kospi index increased by 1.07% to 2,162.18. The major factor which helped the Kospi index is the chipmaker SK Hynix as shares of chipmakers rose by 2.16%.

In Australia, the S&P/ASX 200 gained 0.87% and was close to 6,793.70. This happened as the financial sub-index increased by 0.51%.

Last week one of the major factors which affected the market sentiment was the future of trade deal.

The spokesman of the Chinese Ministry of Commerce said that U.S. and China discussed the “phase one” deal. Nevertheless, he reiterated China’s position that canceling some of the tariffs was key to sign a trade deal.

Stocks on November 15Stocks on November 15

On Friday, the pan-European Stoxx 600 rose by 0.1% above the flatline by mid-afternoon. This happened due to the problems connected with Britain’s FTSE 100 index affected the Stoxx 600.

The Dow Jones Industrial Average gained 104 points. The S&P 500 and Nasdaq 100 futures also reached positive results.

The ongoing trade war created additional pressure for the stock markets. It is important to mention that trade war between the U.S. and China started in 2018. The dispute between the two largest economies in the world is harmful to stocks.

Both sides should work harder to end this dispute. Investors and analysts are trying to deal with issues connected to the trade war.


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