Sun, May 19, 2024

Mainland Chinese Stocks and Risk Factors

Stocks and Chinese Securities Journal

Stocks were mixed on March 30. The ongoing situation created numerous problems for the stock markets across the globe. The Shanghai Composite dropped 0.9% to around 2,747.21.

Meanwhile, the Shenzhen composite fell 2.114% to about 1,657.55. Moreover, the Shenzhen component declined 2.03% to 9,904.95.

In Japan, the Nikkei 225 in Japan fell 1.57% to close at 19,084.97 as the shares of index heavyweight Softbank Group fell 4.99%.

The Topix index dropped 1.64% to end its trading day at 1,435.54.

South Korea’s Kospi index finished its trading day just below the flatline at 1,717.12. However, Kosdaq soared 3.69% to close at 542.11.

Australian banks, coronavirus, and stocksInvestors, stocks and challenges

It will take time to calculate the economic impact of coronavirus pandemic, as it pandemic affected the companies, governmental organizations, etc. Moreover, despite strict measures coronavirus pandemic is far from being over. Investors, as well as analysts and authorities, are monitoring the situation.

Investors continue to assess the economic impact of the coronavirus pandemic. Stocks across the Asia Pacific region were mixed on Monday. However, Australia’s S&P/ASX 200 strengthened its positions.

The S&P/ASX 200 index rose 7% to close at 5,181.40. Also, the financial subindex jumped 8.8% thanks to major banks. The shares of the so-called Big Four banks soared on March 30.

For instance, shares of Australia and New Zealand Banking Group added 8.47%.
Shares of Commonwealth Bank of Australia gained 10.91. Meanwhile, shares of Westpac rose 8.53%. Moreover, shares of the National Australia Bank advanced 7.87%.

It is worth mentioning that, the world’s largest economies are struggling to cope with economic problems. Authorities imposed various restrictions and as a result, many people lost their jobs. The New York Stock Exchange closed its physical trading floor and switched to fully electronic trading. Private organizations in cooperation with authorities should work harder to stabilize the situation.

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