Mainland Chinese stocks reversed the uptrend of Asia-Pacific markets on December 9 when all three indices simultaneously fell.
|The Shanghai Composite Index fell 1.12% on December 9 trading. Photo: AFP|
Green color covered the Asia-Pacific stock market on December 9, because investors were more optimistic after the British implementation. batches vaccination against Covid-19 first.
On the Japanese market, the Nikkei 225 increased by 1.33% to 26,817.94 points while the Topix index recorded an increase of 1.17% to 1,779.42 points. Korean stocks rose the most among the major stock markets in Asia – Pacific with the Kospi index rising 2.02% to 2,755.47 points.
In Australia, the ASX 200 index edged up 0.61% to 6,728.50 points when most stock groups closed “on the floor”. Australian large-scale mining stocks reversed and rallied today, with Rio Tinto inching 0.37 percent and Fortescue and BHP up 1.58 percent and 1.14 percent, respectively.
The Hong Kong market also recorded the green color with the Hang Seng Index up 0.6% at the end of this afternoon’s trading hours. In contrast to the region, mainland Chinese stocks were tinged with red after the announcement of China’s consumer price index (CPI) in November. The Shanghai Composite Index lost 1.12% to 3,371.96 points, while the index Shenzhen Composite and Shenzhen Component fell 1.882% and 1.84%, respectively.
According to data released by the National Bureau of Statistics of China today, the country’s CPI in November decreased by 0.5% compared to the same period last year. This is the first reduction in more than 10 years (since October 2009), according to Wind Information Financial Information Company (Hong Kong).
The Indian and Singapore stock markets today also recorded positive movements. Asian stocks on December 9 trading day followed the rise of US stocks. Wall Street last night showed that the S&P 500 index closed above 3,700 points for the first time, the highest in trading history.
Analysts said that the uptrend of the Asia-Pacific and US markets is still modest compared to the news about the use of Covid-19 resistant vaccines. The UK on December 8 became the first country to distribute the first doses of Covid-19-resistant vaccines to people. Last week, the Covid-19-resistant vaccine jointly developed by Pfizer and BioNTech was approved for emergency use by the UK Drug Administration, and the vaccine will be given priority to be given to frontline health care workers. nursing home workers and the elderly over 80 years old.
“The United States also plans to issue an emergency license for the Covid-19-resistant vaccine after the US Food and Drug Administration (FDA) released documents summarizing it. Pfizer) There is a “favorable safety record” and the FDA’s Vaccine Committee will meet on December 10, “said Tapas Strickland, director of economic and market research at the Australian National Bank (NAB).
According to the US Food and Drug Administration, data from Pfizer’s vaccine trials is in line with recommendations the agency makes for emergency licensing.
In addition to information about the use of anti-Covid-19 vaccines from countries around the world, stock traders are also closely following the content of negotiations on the US fiscal stimulus package as the number of cases in this country continues. increase.
In the money market, the greenback weakened today. The US dollar index against other major currencies fell 0.24% to 90,746 at 15:13 Hong Kong time, compared with 90,926 previously set. The Japanese Yen held its price and converted 104.20 JPY / USD, while the Australian dollar inched up 0.47% to 1 AUD / 0.7446 USD.
Oil prices on the Asian market this afternoon reversed and went up. Crude oil futures price of the US cut loss and increased 0.22% to 45.7 USD / barrel while Brent oil futures price edged up 0.14% to 48.91 USD / barrel.