empty
18.07.2022 02:24 PM
Asian markets close higher on Monday

This image is no longer relevant

Asia-Pacific markets broadly advanced on Monday. The S&P/ASX 200 rose by 0.80%, while other indexes gained 1.50% or more. The Shanghai Composite and the Shenzhen Composite increased by 1.49% and 1.48%, respectively. The KOSPI went up by 1.65%, while the Hang Seng Index climbed by 2.64%. Japanese stock exchanges were closed today, however the Nikkei 225 edged up by 0.54% on Friday.Asian markets followed US indexes, which finished Friday in positive territory. American stock indexes gained about 2% on Friday thanks to strong statistic data which eased recession fears among market players. However, there is still a possibility of a 100 basis point interest rate hike by the Federal Reserve.The upsurge of COVID-19 infections in China is putting pressure on the upside potential of Asian indexes. New quarantine measures threaten to affect economic recovery, increasing the possibility of a recession in China.However, the markets found support in statements by Chinese officials that the country has enough financial resources and options to maintain economic stability in the country. The People's Bank of China has injected 12 billion yuan into the financial system via a seven-day reverse repurchase agreement.On the Hang Seng Index, the best performing stocks were Country Garden Services Holdings, Co., Ltd. (+7.2%), Meitua (+6.4%), and Country Garden Holdings, Co., Ltd., (+6.3%).Chinese oil stocks also went up, with CNOOC, Ltd. increasing by 4.5% and China Petroleum & Chemical, Corp. advancing by 4.1%. Shares of Alibaba Group Holding edged up by 0.8%.On the KOSPI, Samsung Electronics, Co. rose by 2.7%, while LG Electronics, Inc. increased by 1.6%.On the S&P/ASX 200, BHP Group, Ltd. and Rio Tinto, Ltd. gained 1.8% and 1.9% respectively. Shares of Australia & New Zealand Banking Group, Ltd. declined by 1.3% after the company announced it was set to buy Suncorp Bank for 4.9 billion Australian dollars or $3.3 billion.

Anastasia Kravtsova,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

US Market News Digest for March 25

Yesterday, the S&P 500 unexpectedly put on a show, jumping 1.76% to reach 5,769, a level last seen on January 13th. As if following a well-rehearsed script, the Marlin oscillator

Natalia Andreeva 11:50 2025-03-25 UTC+2

Gold Rally, Crypto Boost: March Becomes Market Breakout Month

S&P Composite PMI at 53.5 in March vs. 51.6 in February Lockheed Martin Falls After Brokerage Downgrade Crypto Stocks Rise on Bitcoin Gains European Stocks Rise Ahead of Key German

Thomas Frank 10:57 2025-03-25 UTC+2

Market at crossroads: falling Dow Transports and rising Europe

The Dow Jones Transportation Average has dropped more than 17% from its November peak. Meanwhile, European equities are climbing ahead of upcoming business activity surveys. Next week brings key reports

12:39 2025-03-24 UTC+2

Financial wars: oil, gas, and sanctions in great power game

In the world of finance, every day is a battle for market dominance. Just as traders celebrate rising prices, the tides can turn in an instant. On Friday, natural

Natalia Andreeva 12:39 2025-03-24 UTC+2

US Market News Digest for March 24

Investor frustration with the Trump administration's trade approach has triggered capital flight and negatively impacted the S&P 500. Hopes for more lenient tariff action briefly lifted market sentiment

Ekaterina Kiseleva 11:21 2025-03-24 UTC+2

Falling Dow Transports, Gaining Europe: Market at Crossroads

While the broader US stock market is showing signs of recovery, a warning light for investors is still flashing as the Dow Jones Transports signals growing concerns about the health

Thomas Frank 10:49 2025-03-24 UTC+2

US Market News Digest for March 21

US stock market in limbo despite positive economic data such as unexpected growth in existing home sales On Thursday, US benchmark stock indices closed in the red: the Dow Jones

Natalia Andreeva 14:48 2025-03-21 UTC+2

Fed's actions to keep BTC from falling? BTC seeks stability

Some analysts believe that the Federal Reserve's current monetary policy—particularly its decision to hold interest rates steady and slow down quantitative tightening (QT)—could provide meaningful support for Bitcoin. According

Larisa Kolesnikova 13:11 2025-03-21 UTC+2

Nasdaq and S&P 500 Fall: Correction Begins or Temporary Panic?

Weekly Jobless Claims Rise to 223,000 Accenture Falls After Fed Contract Cancellation Report PBOC, BoE, Riksbank Hold Rates, Switzerland Cuts Darden Restaurants Rises After Earnings and Guidance Gold Falls From

Thomas Frank 10:11 2025-03-21 UTC+2

US Market News Digest for March 20

Although the S&P 500 shows optimism, its growth since March 14 has been viewed as more of a correction. A move toward the target range of 5,881–5,910 becomes more likely

Ekaterina Kiseleva 11:26 2025-03-20 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.