Asia-Pacific stock markets rise on Monday during trading

analytics612c9080607ea.jpg

Japanese stock index Nikkei 225 added 0.5% during trading on Monday thanks to positive statistics.

Retail sales in Japan rose 2.4% in July from the same month last year, after rising 0.1% in June. Experts on average predicted an increase in sales of 2.1%.

Growth in retail sales was noted for the fifth month in a row against the backdrop of accelerated vaccination against COVID-19 in the country. Sales of food and beverages increased 2.5%, sales of fuel rose 27.7%, and sales of apparel and accessories rose 2.9%.

Japan's Shiseido gained 2.1% on news that the cosmetics maker will sell three of its brands to US Adbent International for $ 700 million as part of a reorganization of operations.

Steel companies Nippon Steel and JFE Holdings added 5.9% and 5.8%, respectively.

Hong Kong's Hang Seng Index climbed 0.7% during trading, while China's Shanghai Composite rose 0.6%.

The Chinese market is supported by expectations that the country's authorities will continue to take measures to support the economy. The People's Bank of China injected 120 billion yuan ($ 18.5 billion) into the banking system last week, the most significant injection since February.

The South Korean KOSPI index added 0.5% on Monday, the Australian S&P ASX 200 rose 0.3%.

The material has been provided by InstaForex Company - www.instaforex.com

Pages