Mon, February 06, 2023

The Overview of U.S. and Asian Stocks

Stocks on January 14, futures

This week investors in different parts of the world are waiting for January 15, as on that day, U.S. President, along with Chinese officials, will sign the trade deal. This is an important day for the stock markets. For a long period of time, it was hard to say when China and the U.S. would sign this deal. Hopefully, investors do not have to wait anymore and as in several hours, the “Phase One” agreement will be signed in Washington D.C.

In Japan, the Nikkei 225 added 0.73% to close at 24,025.17. The Topix also rose on January 14. Its index added 0.31% to 1,740.53. Japanese markets were closed on Monday but returned from a public holiday on Tuesday.

Meanwhile, in South Korea, the Kospi index rose 0.43% and finished the trading at 2,238.88.

Mainland Chinese markets failed to follow the footsteps of Asian stock indexes. The Shanghai composite declined 0.28% to close at 3,106.82. At the same time, the Shenzhen composite fell 0.23% to 1,818.13. The Shenzhen component decreased by 0.47% to end the trading day at 10,988.77.

In Hong Kong, the Hang Seng index also declined by 0.28% during the last hour of trade.

U.S. stocks on MondayMarket overview

Another news which improved the market sentiment came from the U.S.A  On Monday; the U.S. decided to remove China from the currency manipulator list. The U.S. Treasury added China to this list five months ago. U.S. officials motivated this move by saying that China was keeping its currency lower.

Two days ago, major U.S. stock indexes had a great day. The S&P 500 index gained 0.7% and finished the trading day at 3,288.13. Interestingly, the S&P 500 reached a record high.

Additionally, the Nasdaq Composite also strengthened its position as its index increased by 1% to 9,273.93. The Nasdaq Composite also jumped to an all-time high result. The famous company Tesla helped to boost the index.

On Monday, the Dow Jones Industrial Average gained 83.28 points or 0.3% to 28,907.05.

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