Japanese stocks started the second quarter with green color

Major stock markets in the Asia-Pacific region kicked off the second quarter of 2021 with green coverage in the morning session of April 1.

Japan’s Nikkei 225 index increased by 0.95% at the beginning of April 1 morning session. Photo: AFP

In Japan, the Nikkei 225 increased by 0.95% at the beginning of the session while the Topix index recorded a 0.66% increase. On the Korean market, the Kopsi index rose 0.69%.

Australian stocks also prospered this morning with the S & P / ASX 200 index edging up 0.19%. Overall, the MSCI Asia-Pacific (excluding Japan) rose 0.14%.

Investors are placing their expectation on positive indicators of major economies in the region. In the manufacturer’s confidence survey report (report Tankan) quarterly, the Bank of Japan announced, the manufacturer’s confidence index reached 5 points, much higher than the zero point predicted by economists in a recent Reuters poll.

Investors are also looking forward to the data of Australia’s retail sales and trade in February, which the country is expected to release this morning, Hong Kong / Singapore time.

Another notable indicator is China’s Caixin / Markit PMI. Accordingly, the private survey results of the Purchasing Managers’ Index (PMI) Caixin / Markit in The manufacturing sector is also scheduled to be announced this morning.

Previously, the National Bureau of Statistics of China announced the official Purchasing Managers’ Index (PMI) in the country’s manufacturing sector reached 51.9 in March, higher than the 50.6 set. in February. PMI over 50 indicates the sector / sector under study expanded for the period under consideration.

On the US stock market, the S&P 500 index rose 0.36% last night to 3.97289, while the technology-oriented Nasdaq Composite index jumped 1.54% and closed at 13,246.87 points. In contrast, the Dow Jones industrial average “diving” was 85.41 points to 32,981.55 points.

Looking back at the first quarter of 2021, two Dow Jones and S&P 500 indices increase 7.8% and 5.8% respectively, while the Nasdaq Composite’s performance was modest, up 2.8% due to a wave of technology stock sell-offs that occurred in succession every time US Treasury yields. It made investors panic many times.

US President Joe Biden yesterday 31/3 announced an infrastructure investment package worth more than 2,000 billion USD. This investment package is expected to blow a new wind into the transport infrastructure development and manufacturing sector in the US.

On the money market, the US dollar index against other major currencies slipped slightly from the beginning of the week to 93,219. Japanese Yen continued to slide and converted 110.76 JPY / USD, compared with 109.6 JPY / USD set at the beginning of the week. Similarly, the Australian dollar weakened from the beginning of the week and turned 1 AUD / 0.7583 USD.

Oil prices traded by Asian hours this morning went up, with Brent for futures up 0.35% to $ 62.96 / barrel and US crude oil futures rebounding 0.47% and trading at at 59.44 USD / barrel.