Dark Green Asia Stocks, Shenzhen Component and Taiex rose more than 2%

Asian stocks continued to rise strongly on February 2 trading day after Wall Street had a jump last night.

China’s Shenzhen Component Index rose more than 2% on February 2 trading day. Photo: AFP

In mainland China, the Shenzhen Component Index rose to 2.073% on February 2nd to 15,335.66 points, while the Shanghai Composite’s gain was more modest with 0.81% and reached 3,533.68 points.

On the Hong Kong market, the Hang Seng Index recorded a 1.15% gain as of the end of the day, while Taiwan’s Taiex index broke out strongly and closed with 15,760.05 points, up 2, 27%.

The South Korean Kospi increased by 1.32% today and closed the day with 3,096.81 points. And Japanese stocks remained green after the news that this country would prolong the emergency due to Covid-19. The Nikkei 225 this afternoon closed up 0.97% to 28,362.17 points, while the Topix index increased by 0.94% to 1,847.02 points.

Previously, Japanese media reported that the government intends to extend the application of the state of emergency to the capital Tokyo and other localities until March 7, in order to prevent the spread of Covid-19.

In India, the two major stock indices, the Nifty 50 and BSE Sensex, rose 2.4% and 2% this afternoon, respectively, after the Indian Finance Minister announced the national budget plan for the fiscal year. starts from April 1, 2021 and ends on March 31, 2022.

Australian stocks also closed in green this afternoon, with the S & P / ASX 200 index up 1.49% to 6,762.60 points. Overall, the MSCI Asia-Pacific Index (excluding Japan) rose 1.33% today.

Australia Central Bank (RBA) today announced on February 2 that it will maintain its cash deposit interest rate at 0.1% and inject 100 billion Australian dollars (equivalent to about 76.32 billion USD) to buy in bonds. In a statement on the same day, Australia Central Bank Governor Philip Lowe said: “The RBA board will not raise the cash deposit interest rate until actual inflation stabilizes within the target range of 2. – 3% “.

Following the Australian Central Bank’s move, the Australian dollar depreciated and changed hands by 1 AUD / 0.7606 USD, compared with 1 AUD / 0.7661 USD set earlier.

Asia-Pacific stocks today also received a boost from the British government’s announcement that the UK has applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Previously, NHK Television (Japan) reported that, on February 1, a British minister said that joining the CPTPP would be “mutually beneficial” for both the UK and its trading partners in Europe. ASIAN.

As for British Prime Minister Boris Johnson, becoming the first new member of the CPTPP demonstrates Britain’s ambition to do business under the best conditions with friends and partners around the world. The UK is a strong supporter of global free trade.

On the US stock market, all three major indexes rose up last night. The Dow Jones industrial average closed at 30,211.91 points, up 229.29 points, while the S&P 500 rose 1.6% and finished trading at 3,773.86. Notably, the index leaning towards Nasdaq Composite technology last night soared 2.6% to 13,403.39 points.

Money market today witnessed the greenback appreciation. The US dollar index against other major currencies rose to 90,964, from below 90.6 previously set. In contrast, the Japanese yen weakened and converted 105 JPY / USD, compared with 104 JPY / USD set last week.

Oil prices on the Asian market went up this afternoon. Futures Brent crude oil prices inched up 0.87% to $ 56.84 / barrel, while the US crude futures prices rose 1.03% to $ 54.10 / barrel.

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