Fri, February 03, 2023

Stock market news on January 20

Markets in EU and U.S.

The stock market plays a very important role as it is one of the indicators when it comes to the company’s future etc.

The pan-European Stoxx 600 fell 0.1% during afternoon trade, with household goods declining 0.9%.

The French CAC 40 index declined 0.31% or 18.70 points to 6082.02. Another European index, the UK’s FTSE 100 fell 0.34% or 26.45 points to 7648.11.

Though, the German DAX added 0.10% or 13.85 points to 13539.98.

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Last week, U.S. stocks reached record highs. The economic data from the U.S. and China helped to boost the stocks.

Stock markets did not work on Monday for Martin Luther King Jr. Day.

On Monday, British Prime Minister Boris Johnson hosted a summit for African leaders ahead of long-awaited Brexit. The U.K. will leave the European Union by the end of this month.

Stocks in AsiaStocks in Asia

On Monday, mainland Chinese stocks had a good day as the Shanghai composite rose 0.66% to about 3,095.79.

Meanwhile, the Shenzhen composite added 1.311% to around 1,289.96. The Shenzhen component added 1.47% to 11,115.88.

In Hong Kong, the Hang Seng Index fell 0.6% during the final hour of trading.

In Japan, Nikkei 225 and Topix strengthened their positions. The Nikkei 225 added 0.18% to close at 24,083.51. The index heavyweight Fast Retailing declined 1.58%.

The Topix index rose 0.5% to finish its trading day at 1,744.16.

Another stock index from Asia also increased on Monday. South Korea’s Kospi index gained 0.54% to close at 2,264.64. The news about the Samsung Electronics decisions helped to boost the index.

In Australia, the S&P/ASX 200 added 0.22% to end its trading day at 7,079.50.

One of the factors that influenced the stocks was the People’s Bank of China. The central bank decided to keep the loan prime rate (LPR) unchanged.

Stock markets are vulnerable to various factors. In 2020, governments should be careful not to created additional pressure on the stocks.



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