Mainland Chinese Stocks Saw Gains on the Day

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Stocks and China

There are numerous factors that have the potential to influences stocks. Interestingly, stocks in the Asia-Pacific strengthened their positions on September 11, as investors watched regional technology stock movements after a decline in the sector in the U.S.

Notably, Japanese stocks saw gains on the day. The Nikkei 225 added 0.74% to 23’406.49. At the same time, the Topix index gained 0.72% to 1’636.64.

Also, South Korea’s Kospi index ended its trading day little changed at 2’396.69.

Mainland Chinese stocks strengthened their positions on September 11. The Shanghai Composite advanced 0.79% to around 3’260.35. In the meantime, the Shenzhen Component added 1.57% to about 12’942.95.

Hong Kong’s Hang Seng Index gained 0.78% to end its trading day at 24’503.31.

However, Australia’s S&P/ASX 200 fell 0.83% to close at 5’859.40. Importantly, shares of major miner Rio Tinto fell 0.59%. The chief executive will be leaving the company by mutual agreement. As a reminder, this decision came after a board-led review regarding the destruction of historically significant Aboriginal rock shelters. Moreover, other major miners saw even larger downward moves.

Stocks and various factors

Mainland Chinese stocks on July 17

As stated above, there is no lack of risk factors. For example, geopolitical developments also influence investor sentiment and recent tensions between the U.K. and EU showed the importance of geopolitics. Unfortunately, Brexit created a lot of challenges and it won’t be easy to solve all of them, in the nearest future.

Interestingly, technology shares regionally were mixed on 11. Last week, more precisely on Thursday, their counterparts in the U.S. suffered losses, and this factor affected shares of tech companies in Asia.

Also, Hong Kong-listed shares of Chinese tech giant Tencent added 1.98%. Moreover, shares of Semiconductor Manufacturing International Corporation jumped 6.8%.

In Japan, shares of conglomerate Softbank Group gained 1.03%. However, shares of Sharp dropped 1.57%.

In South Korea, Samsung Electronics saw its stock drop 0.34%. Nevertheless, SK Hynix strengthened its position on Friday.

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