Meanwhile, some major stock markets in Asia-Pacific ended May 6 trading day in red when investors waited for US job market information.
|South Korea’s Kospi index rose 1% on May 6 trading. Documentary photo: AFP|
The Japanese stock market today, May 6, opens its first trading day of the week after a long holiday. The Nikkei 225 rebounded 1.8% to 29,331.37 points while the Topix index recorded an increase of 1.54% to 1,927.40 points.
Similarly, South Korea’s Kospi also closed up 1% to 3,178.74 points. On the Hong Kong market, the Hang Seng Index still reached a gain of 0.61% to 28,591.32 points, although there were strong vibrations before.
Also open for first trading session in May since long holiday, but tMainland Chinese stock markets today were in the red. The Shanghai Composite Index slipped 0.16% to 3,441.28 points while the Shenzhen Component Index slipped 1.58% to 14,210.60 points.
Australian stocks were pulled down because most groups of stocks fell into negative areas. Only the ASX 200 closed down 0.48% to 7,061.70.
Asia-Pacific stock markets were mixed although Wall Street last night saw the Dow Jones industrial average reached its highest level ever, 34,230.34 points.
The US is expected to release its April job market report on May 7. Economists forecast, the number of people on the payroll in the US could easily reach 1 million after March additionally noted 916,000 jobs. The US job market report is one of the most influential economic reports on global financial markets.
The US Federal Reserve Vice President Richard Clarida said that there should be significant improvements in the US job market before the Fed feels suitable to withdraw support packages. Meanwhile, US Treasury Secretary Janet Yellen recommended that the Fed should raise interest rates to curb the overheating growth of the US economy, partly due to the government’s stimulus packages to spend trillions of dollars. .
On the money market, the greenback dropped this afternoon. The US dollar index against other major currencies fell 0.16% to 91,160, from 91,379 previously set. The Japanese Yen also fell slightly and converted 109.33 JPY / USD in Australian dollars to a 0.1% slide down to 1 AUD for 0.7739 USD.
Oil prices traded in Asia this afternoon recovered. US crude futures prices inched up 0.3% to $ 65.83 / barrel while Brent futures prices rose 0.42% to $ 69.25 / barrel.
The Reuters news agency quoted the US Energy Information Administration (EIA) as saying that US crude inventories fell 8 million barrels in the most recent week, nearly 3.5 times higher than the 2.3 million barrel decrease expected. guess.