On December 17, mainland Chinese stocks strengthened their positions.
The Shanghai Composite jumped 1.27% to close at 3,022.42. Meanwhile, the Shenzhen composite gained 1.30% to 1,708.41.
Let have a look at the Shenzhen component; its index increased by 1.45% to 10,306.03.
In Hong Kong, the Hang Seng Index added 1.06% during its final hour of trade. Tech stocks of famous Chinese company Tencent increased by 2.83%. Shares of Meitu, which is a photo-editing app in China, soared 7%.
Let’s have a look at another Asian economic power. In Japan, the Nikkei 225 index gained 0.47% to close at 24,066.12. Meanwhile, the Topix index added 0.59% to 1,747.20.
In South Korea, the Kospi index increased by more than 1% to close at 2,195.68. Shares of Samsung Electronics added 3.66%. The chipmaker SK Hynix performed even better as its shares added 4.74%.
Australia’s S&P/ASX 200 closed flat at 6,847.30.
Stocks in Europe
In Europe, stock indexes fell on December 17. The cautious approach replaced the worldwide rally, which helped to boost the stocks on Monday.
Pan-European Stoxx 600 fell by 0.5%. Household goods declined by 1,9%. Meanwhile, oil and gas stocks gained 0.6%.
The Stoxx 600 index reached an all-time high on December 16 as the index surpassed 418. The good news about the trade deal between the U.S. and China helped to boost the pan-European index.
The German DAX index fell 82.95 points or 0.62% to 13324.71. It is desirable to remember that the CAC 40 is a benchmark French stock market index. On Tuesday, its index declined by 13.16 points or 0.22% to 5978.50. The U.K.’s FTSE 100 index dropped 2.73 points or 0.04% to 7513.45.
Media reported that Boris Johnson would use his newly secured majority in parliament to outlaw any to the Brexit transition period by the end of 2020. Brexit will affect the stock markets in the long run.
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