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Asian trading results


August, 27 2024
watermark Economic news

Asian stock indexes ended trading with mixed changes, reacting to corporate news.


Japan's Nikkei 225 gained 0.5%, supported by gains by JTEKT Corp. (+5.6%), Nissui Corp. (+4.5%), Yokogawa Electric (+4.4%), Sony Group (+2.8%) and Toyota Motor (+1.8%). Lasertec (-4.3%), Mercari (-3.1%) and Disco Corp. (-2.1%) lost in value. 


China's Shanghai Composite declined 0.2%, with declines from Wuhan P&S Information Technology (-12.2%), Seres Group (-3.8%), Anhui Jianghuai (-4.4%) and Sichuan Changhong Electric (-3.5%). The total profit of large industrial companies in China in January-July increased by 3.6% to 4,099 trillion yuan. PetroChina rose 3% in Shanghai and 4.1% in Hong Kong after posting record financial statements.


Hong Kong's Hang Seng rose 0.4%, supported by growth of Trip.com Group (+9.1%) after strong quarterly reporting. The tour operator's net profit increased 6 times, and revenue increased by 14%. Alibaba Group Holding lost 4% in value.


South Korea's Kospi fell 0.3% under pressure from shares of SK Hynix (-2.6%) and Samsung Electronics (-0.4%). SK Innovation rose 3.1% after approval of the merger with SK E&S.


The Australian S&P/ASX 200 fell by 0.16%, mainly due to a drop in Jones Lyng Group shares (-27.1%) after weak reporting. Yancoal Australia, Commonwealth Bank and National Australia Bank also lost in value, while BHP Group, Woodside Energy and Coles Group showed gains.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.