Stocks in Asia ended mostly with gains

20.09.2019 / 06:19

Rating:

Stocks in Asia and the Pacific recorded gains amid mixed developments in US-China trade relations, which softened hopes.

Main Chinese markets have grown, with Shanghai Composite up 0.2%, Shenzhen Composite up 0.34%. Shenzhen Component rose 0.343% and Hang Seng posted a 0.3% increase.

The People's Bank of China updated the short-term interest rates on the loans. The one-year interest rates reduced them to 4.2%, compared to 4.25% last month. Five - year interest rates remained unchanged at 4.85%.

LRP is the interest rate applied by the bank to its most creditworthy customers. This is another move by the bank to stimulate lending to boost the economy.

In Hong Kong, the index was led by China Construction Bank with a growth of 0.5%. Bank of Communications posted a gain of 0.19%.

In Japan, the Nikkei 225 posted a 0.55% gain, with Softbank Group shares jumping 1.21%. Topxi also rose 0.47%.

In South Korea, Kospi rose 0.1% and in Australia the ASX200 added 0.75% to its value.

MSCI Asia ex - Japan index rose 0.19%.

Trader Martin Nikolov

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.

WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.

Varchev Finance

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Stocks in Asia ended mostly with gains

London

Universal numbers