Shares of major airlines in Asia rose at the same time

Shares of major airlines in Asia rose at the same time

Airline stocks in Asia-Pacific rebounded on September 21 after the US announced plans to ease travel for international travelers who have been vaccinated against Covid-19.

Japan Airlines shares rose 4.47% on September 21 trading day. Photo: AFP

Shares of Qantas Airways in Australia are up 2.23% today. In Japan, shares of ANA Holdings and Japan Airlines rose 2.53% and 4.47%, respectively. On the Hong Kong market, Cathay Pacific shares recorded a gain of 3%.

In a related development, shares of Singapore Airlines listed in this island nation increased by 3.33% at 4:15 pm local time.

The Asia-Pacific stock market today received mixed developments as investors were wary of the fate of Chinese real estate group Evergrande.

Nikkei 225 of Japan today closed down 2.17% to 29,839.71 points as shares of Softbank Technology Group lost 4.98%. The Topix index also fell 1.7% to 2,064.55 points.

After losing more than 3% yesterday as investors worried about the fate of Evergrande, the Hang Seng index on Hong Kong exchange this afternoon reversed and closed up 0.51% to 24,221.54 points.

Evergrande shares listed in Hong Kong today only slipped 0.44% later The leader of this corporation has market reassurance. Last week, Evergrande stock has “lost” 80% since the beginning of the year, as of the end of trading day on September 17.

Hong Kong’s Hang Seng Properties real estate sub-index also reversed today and gained nearly 3% after the previous “red day”.

Reuters news agency quoted local media as saying that Evergrande’s chairman today made a move to reassure the market by affirming that the group will fulfill its obligations to real estate buyers and investors. investors, partners, and financial institutions.

“We believe that Beijing will only be forced to act if there is a far-reaching impact that causes many other major property developers to collapse and poses risks,” said S&P Global Ratings. systemic risk to the Chinese economy”.

“The single failure of Evergrande would not have led to such a scenario,” said S&P Global Ratings experts.

In Australia, the S&P/ASX 200 index rose 0.35% to 7,273.80. Overall, the MSCI Asia-Pacific region (excluding Japan) still inched slightly by 0.16%. Mainland China and South Korea stock markets remain closed today for a holiday.

US stocks last night saw the S&P 500 have its worst day since May when it lost 1.7% to 4,357.73 points. Meanwhile, the Dow Jones Industrial Average “evaporated” 614.41 points to 33,970.47, while the tech-biased Nasdaq Composite dropped 2.19% to 14,713.90 points.

Oil prices traded in Asia this afternoon increased. Brent crude oil futures futures rose 1.6% to $75.10/barrel, while US crude oil futures rebounded more strongly with 1.78% and reached $71.54/barrel.

In the currency market, the US dollar index against other major currencies bounced to 93.191, after reaching around 92.8 at the end of last week. The Japanese yen also inched up compared to yesterday and converted to 109.63 JPY to “eat” 1 USD. On the contrary, the Australian dollar still struggled in the bearish zone and changed hands at 1 AUD / 0.7277 USD after falling to 1 AUD / 0.73 USD last week.