Hong Kong removed the blockade in Kowloon Thanh, the Hang Seng Index increased by more than 2%


Hong Kong removed the blockade in Kowloon Thanh, the Hang Seng Index increased by more than 2%

The rise of the Hang Seng stock index continued to extend into the afternoon session of January 25, with an increase of 2.02% to 29,980.56 points, after an area in Cuu Long Thanh was frozen.

Following the increase in the morning session of January 25, the Hang Seng Index this afternoon recorded an increase of more than 2% to 29,980.56 points. Photo: Shutterstock

On January 25 trading day, Asia-Pacific stocks recorded a contrasting color gamut in the context of the unpredictable Covid-19 pandemic. South Korea’s Kospi index led the uptrend in the region with a rise of 1.27%. In Japan, the Nikkei 225 index rose 0.4% while the Topix index inched slightly 0.15%.

Following the rise of the morning session on January 25, the Hang Seng Index this afternoon recorded an increase of more than 2% to 29,980.56 points. Before, early morning January 25 Hong Kong authorities have removed an order to block an area in Kowloon after completing a Covid-19 test on about 7,000 people there, according to Reuters.

Mainland Chinese stock markets entered the afternoon session in green after slipping slightly in the morning. The Shanghai Composite reversed up 0.53% to 3,625.76 points while the Shenzhen Component rose from a loss of 0.283% in the morning and rose 0.94% to 15,775.78 points.

In the midst of the Covid-19 pandemic, China overtook the US in attracting FDI and became the country receiving the largest FDI inflow in the world in 2020. According to the recently released report of the United Nations Conference on Trade and Development. (UNCTAD), FDI inflows into China by 2020 will reach 163 billion USD, far outstripping foreign capital flows of 134 billion USD into the US.

Australian stocks today welcomed the green color with the S & P / ASX 200 index rising 0.4%. Overall, the MSCI Asia-Pacific (excluding Japan) still rose 0.38%.

The complicated evolution of Covid-19 continues to weigh on the psychology of regional investors as the world is still fighting against Covid-19 with many new and more infectious strains.

The world has so far recorded more than 99 million Covid-19 infections and at least 2,127 million people have died from this virus, according to data from Johns Hopkins University.

On the money market, the US dollar index against other major currencies fell to 90.24, from 90.6. Japanese Yen depreciated and converted 103.86 JPY / USD, compared with 103.5 JPY / USD set last week, while the Australian dollar also weakened and exchanged 1 AUD for 0.771 USD, compared to the level 1 AUD / 0.776 USD set last week.

Oil prices in Asian markets go down. Futures prices for Brent crude fell 0.23% to $ 55.28 / barrel while the US crude futures price slid 0.1% to $ 52.22 / barrel.

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