Major stock indexes in Asia-Pacific simultaneously gained in the morning session of July 12 as investors continued to closely monitor the Covid-19 situation in the region.
|The Nikkei 225 index gained 1.78% at the beginning of the morning session of July 12. Photo: AFP|
In Japan, the Nikkei 225 gained 1.78% at the beginning of the morning session, while the Topix index gained close to 1.71%. Korea’s Kospi index this morning recorded an increase of 0.79%.
Australian stocks still recorded green despite the Covid-19 epidemic in the country becoming more complicated when the number of infections still increased due to the Delta variant, although Sydney – Australia’s largest city – has entered the third week of application. anti-epidemic blockade.
The S&P/ASX 200 index in Australia this morning gained 0.36%. In general, the MSCI Asia-Pacific (excluding Japan) traded up 0.31%.
Market movements in this morning session revolved around the fact that the Central Bank of China last week announced a 50 basis point cut in the reserve requirement ratio for all banks. This decision takes effect from July 2021.
The move is intended to demonstrate that China has “various policy tools to conduct monetary policy”, commented Raymond Yeung and Zhaopeng Xing, two research experts at ANZ Group.
Two ANZ experts also said that China’s reduction of the reserve requirement ratio for banks is “almost equivalent to a large-scale easing”, because this move will “free up” about 1,000 billion VND. yuan ($154 billion) in funds.
Investors this morning continued to monitor the situation of Covid-19 in Asia – Pacific in the context that the epidemic tends to be complicated by the Delta variant.
Japanese media reported that the government of this country will put Tokyo under a new state of emergency due to the Covid-19 epidemic today, July 12, while in Korea social distancing regulations are strictly required. than in the Greater Seoul area.
In Southeast Asia, a number of countries including Indonesia and Malaysia continue to grapple with the recent high number of Covid-19 infections, according to Reuters news agency.
In the currency market, the US dollar index against other major currencies continued to fall to 92.154, following a recent drop to 92.4.
The Japanese yen weakened and traded at 110.21 JPY to 1 USD, compared to below 110 JPY/USD recorded last week. Similarly, the Australian dollar also depreciated and changed hands 1 AUD for 0.7488 USD, lower than the usual 1 AUD/0.755 USD level last week.