Japanese stocks still inched slightly after the announcement of declining GDP adjustment
Information that Japan’s GDP in the second quarter of 2020 was adjusted down could not overwhelm the rise of Asian stock markets in this morning session on September 8.
|Japan’s Nikkei 225 index rose by 0.33% in the morning session of September 8. Photo: AFP|
In Japan, the Nikkei 225 index still increasing 0.33% in tradingg 8/9 while the Topix index inched slightly 0.14%. TPig preliminary estimates 2nd time of Cabinet Office Japan, GDP the second quarter of 2020 of this country dropped to 28.1% compared to the same period last year, higher than decrease 27.8% expected before.
GDP second quarter is estimated 28.1% decrease announced by the Cabinet Office of Japan this morning, close to the reduction 28.6% but economic experts forecasted earlier with Reuters. After publication Adjusted GDP decreases, yen Slight price slippage from 106.2 JPY / USD on 106.26 JPY / USD.
On the Hong Kong market, Hang Seng index increase point 0.33%. Notably, clabel ballot drinks Bottled Nongfu Spring (China) increase horse 80% compared to share price offered for the initial public offering at Hong Kong. Increased momentum then weakens, but cNongfu Spring’s polls still keep increasing more than 60%.
Green also covered the Korean market, with the index Kospi up 0.69%, also S & P / ASX 200 index Australia’s increased by nearly 1%.
Mainland Chinese stocks this morning reverse waves with the area, with Shanghai Composite to slide 0.18% and Shenzhen Component reduction deeper 0.5%.
Calculate general again, MSCI index area cAsia – Pacific (foreign minus Japan) still increases 0.34%.
Gender invest like “sitting on fire” in the face of recent geopolitical tensions. Ministry of Foreign Affairs of Chinac day 7/9 accuse Washington of “blatant hegemony” after the Department of Defense America said this agency is considering put China’s largest semiconductor maker SMIC on the blacklist “entity list” – the list organizations and individuals believed to be involved in or engaged in activities contrary to national security or US foreign interests.
When there, stress between the UK and the European Union (EU) Also climbing, cause post-Brexit trade agreement between the two sides faced many risks in the coming months.
Money market this morning witnessed the greenback appreciation. US dollar index Compared to other strong currencies increased from 93,029 previously set up 93,149. Dolive Australia also strengthened and exchanged 1 AUD /0.7276 USD vs. 1 AUD /0.726 USD set last weekend.
The Asian oil market this morning recorded contrary developments. DBrent crude delivered tenor up 0.12% and reach 42.06 USD / barrel when US crude oil futures delivery inflation 1.61% down to 39.13 USD / barrel.