Samsung ecosystem enterprise shares are mixed after the news of the group’s chairman’s death

Major movements of stock indexes of Asia – Pacific on October 26, in the context of Covid-19 translation in the US and Europe tended to be more complicated.

CThe Shanghai Composite Index fell 0.82% on October 26 trading. Photo: AFP

On the mainland Chinese stock market, the Shanghai Composite Index today fell 0.82% to about 3,251.12 points while the Shenzhen Component Index rose 0.478% to about 13,191.25 points. Hong Kong markets are closed for a holiday today.

In Japan, the Nikkei 225 index closed slightly to 23,494.34 points while the Topix index fell 0.39% and ended the session with 1,618.98 points.

South Korea stocks ended the day in the red as the Kospi fell 0.7% to 2,343.91. Shares of companies in the Samsung ecosystem were mixed after news of the death of Lee Kun-hee, chairman of Samsung Electronics. Specifically, Samsung C&T shares soared 19% while Samsung Life Insurance shares jumped 6.34% while Samsung Electronics inched up only 0.5%. In contrast, Samsung SDI and Samsung Heavy Industries shares fell 1.3% and 0.77%, respectively.

Australian stocks closed in the red as the S & P / ASX 200 index slipped 0.18% to 6,155.60. The MSCI Asia-Pacific Index (excluding Japan) fell 0.16% today.

Movements in markets outside of China are being closely watched as China’s leaders are scheduled to meet to review the development plan for the next five years.

The situation of Covid-19 in Western countries has become more complicated, making Asian investors concerned about securities investment risks. The United States has recently confirmed that the number of Covid-19 infections has risen to a record, while in Europe the number of new Covid-19 cases has also increased dramatically. Reuters reported that France had recorded Covid-19 cases on the day rising to a record ever while Italy ordered the early closure of bars and banned gyms from running in order to prevent a rebound. by Covid-19.

On the money market, the US dollar index against other major currencies rose sharply to 92,929, from 92.8 in the previous week. The Japanese Yen inched slightly from the previous week and converted 104.94 JPY / USD while the Australian dollar appreciated and traded 1 AUD / 0.7109 USD, from 1 AUD / 0.704 USD.

Oil prices on the Asian market this afternoon fell sharply. Futures prices for Brent fell 2.54% to $ 40.71 / barrel while the US crude futures price slid further with 2.81% to $ 38.73 / barrel.

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