Chinese stocks were mixed regardless of the service sector’s continued growth

Chinese stocks were mixed regardless of the service sector’s continued growth

The Asia-Pacific stock market did not have a big “wave” in the trading day on December 3 after US stocks had mixed fluctuations last night.

Asian investors are looking forward to the US stimulus package negotiations. Photo: Shutterstock

The mainland Chinese stock market today on December 3 was mixed with the Shanghai Composite Index slipping 0.1% while the Shenzhen Component rose 0.149%. The green color stayed in Hong Kong when the Hang Seng index reached a modest gain of 0.56%.

According to the survey results released on the morning of December 3, China’s Caixin / Markit Purchasing Managers’ Index (PMI) in November rose to 57.8 points, from 56.8 in the month. 10. PMI index above 50 indicates the industry / sector under survey recorded growth and vice versa.

Before that, China National Bureau of Statistics eearly this week announced the official PMI index in the non-manufacturing sector in November reached 56.4, up slightly from 56.2 points previously.

The major stock markets in Asia-Pacific today were quite quiet. In Japan, the Nikkei 225 index moved sideways while the Topix index inched slightly by 0.14%. The Korean Kospi Index rose 0.18% although the market opened 1 hour later than usual due to the Korea Examination of Student Entrance Examination.

In Australia, the S & P / ASX 200 index increased by 0.38%. According to the Australian Bureau of Statistics, the country’s balance of trade in goods and services reached a surplus of $ 7,456 billion (approximately $ 5.52 billion), higher than the surplus of AU $ 5.8 billion. forecast in an earlier Reuters poll.

Overall, the MSCI Asia-Pacific (excluding) Japan still edged up 0.31%.

Investors are following the progress of the US stimulus package negotiations as the country records 100,000 Covid-19 patients being treated in hospitals across the country, and lawmakers are racing to pass more stimulus packages in the Covid-19 era before the end of 2020.

US stocks last night also had mixed movements. The S&P 500 edged up 0.2 percent and closed with a second-consecutive record gain to 3,669.01. The Dow Jones industrial average rose 59.87 points to 29,883.79 points, while the Nasdaq Composite slipped 0.1% to 12,349.37 points.

On the money market, the US dollar index against other major currencies continued to decline to 91,035, from 91.6. Japanese Yen slightly depreciated and converted 104.44 JPY / USD; on the contrary, the Australian dollar strengthened and traded 1 AUD “eating” 0.7403 USD, compared with 1 AUD / 0.738 USD set yesterday.

The price of oil on the Asian market has dropped this afternoon. Futures prices for Brent crude fell slightly to $ 48.21 / barrel, while the US crude futures price slid 0.38% to $ 45.11 / barrel.

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