Investors were cautious with the post-Brexit agreement, and Asian stocks had opposite movements
Asian stocks recorded opposite movements on December 8 trading day because cautious investors with Covid-19 were complicated and deadlocked in post-Brexit trade negotiations.
|Mainland Chinese stocks were mixed on December 8 trading. Photo: AFP|
Japanese stocks fell in the red today with the Nikkei 225 down 0.34% and the Topix index slipping 0.16%. On the Korean market, the Kospi index lost 1.1%.
Meanwhile, Australian stocks went upstream to cut the decline in the early hours of trading and then reached a slight increase of 0.2%. However, the separate energy index, although tending to reverse, still did not escape 0.65% loss. Analysts said that last night’s slumping oil price was the cause of this separate index going down.
Shares of major oil companies in Australia are “red fire”. Santos and Oil Search shares fell 1.6% and 2.23% respectively, while Woodside Petroleum shares slipped 0.22% after the news that Peter Coleman, the company’s CEO, will retire in 2021.
In Hong Kong, the Hang Seng index fell 0.53% at the beginning of the session. Shares of JD Health, a member of the JD.com group, today reached $ 94.5 per share on its first trading day in Hong Kong, up 34% of the IPO price.
Mainland Chinese stocks today were mixed in the footsteps of US stocks. The Shanghai Composite Index slid slightly, while the Shenzhen Composite edged up 0.32% and the Shenzhen Component rose 0.47%.
The US and European stock markets last night had mixed movements. Cherelle Murphy, a research expert at ANZ Group, said that negotiations on the new US stimulus package remained long while the number of Covid-19 cases rose and labor market data was disappointing, continued continues to cover the world’s largest economy.
Meanwhile, trade negotiations between the UK and the EU are on the verge of collapse, new news flows appear. UK and EU are rolling out final efforts to come to a post-Brexit trade deal this week. However, the two sides still have major differences and are stuck on the three major issues mentioned in the agreement, including: fisheries, competition regulations, and governance.
British Prime Minister Boris Johnson is scheduled to arrive in Brussels this week in a final effort to come to a post-Brexit trade deal with the EU. Accordingly, the British Prime Minister will meet with the President of the European Commission Ursula von der Leyen after two phone calls between the two previous leaders have not yielded results.
British Pound today slipped to 1 GBP for 1.3361 USD, compared to 1 GBP / 1.3377 USD set earlier. And the greenback today inched up, after many previous weakening sessions. The US dollar index against other major currencies inched slightly to 90,882, from 90,792.
However, experts of Commonwealth Bank (Australia) still believe that the US dollar in the short term has not escaped from the “headwind”, as the number of Covid-19 infections is still increasing, US tensions. – Chinese increase …
The Japanese Yen weakened to 104.05 JPY / USD, compared with 103.94 JPY / USD set earlier, while the Australian dollar converted steadily around 1 AUD / 0.7420 USD.
Oil prices on the Asian market fell this morning. Crude oil futures price of the US slid 0.96% to $ 45.32 / barrel, while Brent oil futures prices also fell by the same level to $ 48.32 / barrel.