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Most Asian stock markets are trading in positive territory


On Thursday, investors await the publication of revised data on the change in US GDP in the first quarter of 2021. Economists are forecasting a strong economic recovery this year after the worst economic downturn since the Great Depression.

The Japanese Nikkei 225 Index climbed 0.38% by 8:36 GMT + 2.

The value of the index of leading economic indicators of Japan in March was revised to 102.5 points from 103.2 points. However, this is still the highest reading since March 2014. A month earlier, the indicator was at 98.9 points.

Among the leaders in the increase in quotations in trading in Tokyo are shares of the railway Keisei Electric Railway Co. Ltd. (+ 5.2%) and engineering IHI Corp. (+ 4.1%). The market value of the electronics manufacturer Panasonic Corp. increases by 3.2%, cosmetics manufacturer Shiseido Co. Ltd. - by 3.1%.

The leaders of the decline are the papers of the manufacturer of graphite electrodes Tokai Carbon Co. Ltd. (-4.6%). Nippon Steel Corp. and Kobe Steel Ltd. decreases by 3.1%.

China's Shanghai Composite Index rose 0.47% by 8:41 GMT + 2 and approached a three-month high, while Hong Kong's Hang Seng added 0.86%.

Haidilao International Holding Ltd., a restaurant chain, rose in price most significantly during trading on the Hong Kong Stock Exchange. (+ 5%) and casino operator Galaxy Entertainment Group Ltd. (+ 4.6%). The market value of semiconductor manufacturer AAC Technologies Holdings Inc. increases by 3%.

Industrial & Commercial Bank of China Ltd. add 0.8% to the price. Chinese regulators have allowed ICBC Wealth Management, a subsidiary of the bank, to establish a joint venture with Goldman Sachs Asset Management in China.

The value of shares of oil PetroChina Co. Ltd. and CNOOC Ltd. decreases by 1.4% and 1.3%, respectively.

South Korean Kospi index added 0.03% to 08:54 GMT + 2.

Capitalization of one of the world's largest chip manufacturers Samsung (KS: 005930) Electronics Co. increased by 0.3%. Carmaker Hyundai Motor Co. lose 1.5% in price, Kia Corp. - 0.6%.

Meanwhile, the Australian indicator S & P / ASX 200 dropped by 0.13% by 8:59 Moscow time.

Investors are worried about reports of a spike in new cases of coronavirus infection in Victoria and its capital, Melbourne.

Technological Afterpay and Xero share prices are growing by 1.2% and 1%, respectively.

Shares of mining companies fall in price on Wednesday: BHP Group (-1.6%), Mineral Resources (-0.3%), Rio Tinto (LON: RIO) (-1.5%), OZ Minerals (-4.2%) ).

The material has been provided by InstaForex Company -