Chinese stocks

Chinese stocks “green floor” thanks to high profit of industrial production

Asia-Pacific stocks closed November 27th session in green color after China recorded a high increase in industrial production profit in October.

The Shanghai Composite Index rose 1.14% on the day of November 27th. Photo: AFP

The stock markets in Asia – Pacific are carefully looking at information about Covid-19-resistant vaccine jointly developed by Oxford University and AstraZeneca pharmaceutical company due to the results and methods applied in the test phase. 3 of this vaccine is drawing criticism from US experts.

Mainland China stocks on November 27 closed in green after good news on the profits of the country’s industrial manufacturing industry. The Shanghai Composite Index rose 1.14% to 3,408.31 points, while the Shenzhen Component Index rose 0.668% to close at 13,690.88 points.

Previously, the National Bureau of Statistics of China announced that the industrial manufacturing industry profit of this country in October increased by 28.2% over the same period last year.

Hong Kong also saw the green with the Hang Seng Index inching up 0.6% in the last trading hours of the day.

In Japan, the Nikkei 225 index closed up 0.4% to 26,644.71 points while the Topix index edged up 0.47% to end the day at 1,786.52. Along with the green wave with the region, South Korea’s Kospi increased by 0.29% to 2,633.45 points.

Meanwhile, Australian stocks are tinged with red with the S & P / ASX 200 index slipping 0.53% to 6,601.10 points. Overall, the MSCI Asia-Pacific Index (excluding Japan) still rose 0.24%.

The world race to develop Covid-19-resistant vaccines continues, but questions are being raised about the vaccine jointly studied by AstraZeneca and University of Oxford, because AstraZeneca previously announced that the results of this vaccine trial were effective. 70% antiviral results.

Stock markets in the Asia-Pacific region have prospered this week following the announcement of AstraZeneca’s Covid-19 clinical trial of a vaccine. Prior to that, regional stocks rose sharply after vaccines developed by Pfizer-BioNTech and Moderna (USA) showed an antiviral effect of up to 95%.

On the money market, the greenback continued to fall. The US dollar index against other major currencies fell to 91,919, from 92.4. Japanese Yen strengthened and converted 104.01 JPY / USD, compared to 104.28 JPY / USD, while the Australian dollar also strengthened and exchanged 1 AUD “eating” 0.7378 USD, compared to 1 AUD / USD 0.732 at the beginning of the week.

Oil prices on the Asian market this afternoon decreased. Futures price Brent oil slid 0.13% to $ 47.74 / barrel, while the US crude futures price dropped deeper than 1.7 to $ 44.90 / barrel.

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