Singapore — Stock prices in the Asia-Pacific region were mixed as Wall Street stocks rebounded overnight and oil prices fell on Friday morning.
Hong Kong’s Hang Seng Index fell 0.23%, regaining calm.
The stock price of Hong Kong-listed Russian aluminum producer Rusal went against this trend, jumping more than 10% in early trading before gaining about 1.5% gains from trade. Shares plummeted earlier this week after the company announced on Monday that it was assessing the impact of the ban on exports of alumina and aluminum ore to Russia.
Rusal shares in Moscow surged nearly 16% on Thursday when the market resumed trading in Russia after a month of shutdowns.
The stock price of JD Logistics fell by more than 10% in the initial transaction. In a submission to the Hong Kong Stock Exchange in the morning, the company announced that it would raise HK $ 8.53 billion ($ 1.09 billion) through the sale of shares. A subsidiary of e-commerce giant JD.com said the price of the shares would be HK $ 20.71 per share.
Mainland China stocks have changed little. Shanghai Composite and SZSE Component were traded just above the flat line.
Japan’s Nikkei 225 is slightly higher and Topix is up 0.14%. According to Reuters, Japan reports inflation data, showing that the core consumer price index hit a two-year high in March.
Australia’s S & P / ASX 200 remained in the positive territory as miners increased somewhat, but rose 0.44%. South Korean stocks have improved from the previous decline and Kospi has risen 0.2%. Some tech stocks fell and SK Hynix fell 1.24%.
Japan’s Toshiba and FANUC rose 2.3% and 1.3%, respectively, and Singapore’s agricultural company Olam rose nearly 4% to take the top spot in Asian trade in Korea.
Singapore’s Straits Times Index rose 0.57%. Research firm Capital Economics and DBS Bank analysts said Friday they hope Singapore’s central bank will tighten its policies at next month’s meeting after a significant deregulation of Covid on Thursday. ..
“Yesterday’s virus deregulation in Singapore was better than expected, which is an upside risk to this year’s 4.0% growth forecast, which exceeds this year’s consensus,” said Alex Holmes, an emerging Asian economist at the company. That means. ” “This measure could increase inflationary pressures and further increase the likelihood that the Monetary Authority of Singapore (MAS) will step up its policies at next month’s meeting,” he said.
US stocks rebounded overnight, driven by chip stocks. The Dow surged 349.44 points (1%) and closed at 34,707.94. The S & P 500 rose 1.4% at 4,520.16 and the Nasdaq Composite rose 1.9% to 14,191.84.
This week’s stock prices alternate between rising and falling days. The S & P 500 and Nasdaq will close at a higher price for a week.
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Currency and oil
Focused on oil prices, it fell almost 2% overnight after a volatile session. During Friday’s Asian trade, US crude oil fell 0.15% to $ 112.17 a barrel and Brent rose 0.08% to $ 119.13.
“”[International Energy Agency] Members are trying to reduce crude oil usage, “said ANZ Research analysts Bryan Martin and Daniel Hines.
Officials from the Organization of Petroleum Exporting Countries have expressed discomfort with Russia’s proposed oil ban to the EU, contributing to the decline in oil, according to Reuters.
In currencies, the US dollar index, which tracks greenbacks against peer baskets, was 98.608, down from the previous level of about 98.7.
The Japanese yen traded at 121.82 dollars, which was stronger than before. The Australian dollar was $ 0.7515 as it continued to rise from around $ 0.74 at the beginning of the week.