Wed, July 24, 2024

Stocks in Asia, Europe, and the U.S.

Stock Market

On Friday, most of the stocks increased in Asia. In Japan, the Nikkei 225 increased by 0.7% and is close to 23,303.32. Another major Japanese index which is the Topix also strengthened its position. Its index rose by 0.73% and by the end of trading day reached 1,696.67.

In South Korea, the Kospi index increased by 1.07% to 2,162.18. The major factor which helped the Kospi index is the chipmaker SK Hynix. As shares of chipmakers rose by 2.16%.

In Hong Kong, the Hang Seng index barely moved and closely largely flat at 26,326.66.

The situation is more complicated for the mainland Chinese stocks, as all major indexes declined on Friday. The Shanghai Composite fell by 0.64% to around 2,891.34. Another Chinese index the Shenzhen component declined by 1.01% to 9,647.99

The Shenzhen composite decreased by 1.134% to about 1,605.70.

In Australia, the S&P/ASX 200 added 0.87% and is close to 6,793.70. This happened as the financial sub-index increased by 0.51%.

This week, uncertainty regarding the U.S.-China trade negotiations affected the markets. Moreover, on Thursday, White House economic adviser Larry Kudlow stated that U.S. and China are close to signing a trade deal.

The spokesman of the Chinese Ministry of Commerce also made a similar comment on November 14. He said that the U.S. and China discussed the “phase one” deal. However, he noted that canceling some of the tariffs is key to sign a trade deal.

Stocks in Europe and the U.S.Stocks on November 15

In Europe, the pan-European Stoxx 600 increased by 0.1% above the flatline by mid-afternoon, due to the problems with Britain’s FTSE 100.

In the U.S. the Dow Jones Industrial Average added 104 points. The S&P 500 and Nasdaq 100 future also strengthened their positions. Moreover, there is a big chance that both the S&P 500 and Dow Jones Industrial Average will reach record highs as the stock market opens on Friday.

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