Shares of Major Tech Companies and Investor Sentiment

Stocks and global economy

It was a positive day for the stocks in the Asia-Pacific, as most of them saw gains on the day. Investors watched regional technology stock movements after a decline in the sector in the U.S.

For example, mainland Chinese stocks strengthened their positions on Friday. The Shanghai Composite added 0.79% to around 3’260.35. At the same time, the Shenzhen Component gained 1.57% to about 12’942.95.

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

Moreover, Japanese stocks saw gains on the day. The Nikkei 225 advanced 0.74% to 23’406.49. In the meantime, the Topix index added 0.72% to 1’636.64.

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

Australia’s S&P/ASX 200 dropped 0.83% to close at 5’859.40. Notably, shares of major miner Rio Tinto fell 0.59% after the firm announced its chief executive will be leaving the company by mutual agreement. This decision came after a board-led review regarding the destruction of historically significant Aboriginal rock shelters.

Interestingly, other major miners saw even larger downward moves. For example, shares of Fortescue Metals Group fell 3.07%.

Shares of Tech companies on Friday

Let’s have a look at the shares of major tech companies. Notably, technology shares regionally were mixed on Friday. On Thursday, their counterparts in the U.S. saw losses and this factor affected shares of tech companies in Asia.

For instance, in Japan, shares of conglomerate Softbank Group added 1.03%. However, shares of Sharp fell 1.57%.

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

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

It is worth noting that, geopolitical developments also influence investor sentiment, and recent tensions between the U.K. and EU highlighted the importance of this topic.

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