JD Logistics stock soared 18% on the Hong Kong bourse

JD Logistics shares this morning of May 28 jumped 18% in the initial public offering on the Hong Kong market.

JD Logistics shares are up 18% from the opening price of HK$46.05. Photo: Reuters

JD Logistics, a subsidiary of Chinese e-commerce group JD.com, posted an 18% increase in its shares from its opening price of HK$46.05. Shares of parent company JD.com also gained 0.35%. The Hong Kong market this morning recorded a 0.59% increase in the Hang Seng Index.

Mainland China stocks were quiet with the Shanghai Composite index flat and the Shenzhen Component up 0.181%.

In Japan, the Nikkei 225 gained the most of the major indexes in Asia with a gain of nearly 2%, while the Topix index gained 1.78%. South Korea’s Kospi index also gained 0.56%.

Australian stocks this morning also “green floor” when the S&P/ASX 200 index gained 1.16%. In general, the MSCI Asia-Pacific region (excluding Japan) traded up 0.38%.

US stocks last night rallied after good news on the labor market. The Dow Jones Industrial Average closed up 141.59 points to 34,464.64, while the S&P 500 gained 0.12% to 4,200.88 points. Meanwhile, the tech-heavy Nasdaq Composite index was flat and ended at 13,736.28 points.

According to information released on May 27 by the US Department of Labor, the number of unemployed people in the country last week stood at 406,000, much lower than the 425,000 forecast by economists in the survey. recent Dow Jones.

In the currency market, the greenback continued to strengthen as the US dollar index against other strong currencies rose to 90.093, from around 90 levels set at the beginning of the week. The Japanese yen weakened and converted to 109.90 JPY/USD, compared with 109.2 JPY/USD set yesterday, while the Australian dollar slipped slightly to 1 AUD for 0.7744 USD.

Oil prices traded by Asian hours this morning went up. Brent crude oil futures delivery inched up 0.48% to $69.79/barrel while US crude oil futures reached $67.27/barrel, up 0.63%.