The S&P 500 Index dropped for 3 consecutive sessions, Japan – Korea stocks still inched slightly
Green still covered Asian stocks in this morning session on December 23, regardless of US President Donald Trump’s reaction to the $ 900 billion stimulus package approved by Congress.
|Japanese stocks rose slightly in the morning session on December 23. Photo: AFP|
Both major stock indexes of mainland China market went up in this morning 23/12 session. Specifically, the Shanghai Composite index rose 0.84% to 3,385.13 points while Shenzhen Component rose 1.09% and reached 14,033.19 points.
The Japanese stock market opened in the green, with the Nikkei 225 edging up 0.13% to 26,470.94 while the Topix index rose 0.77% to 2,754.65 points. South Korea’s Kospi Index rose 0.23% this morning.
The Australian stock market also welcomed the green with the S & P / ASX 200 index rose 0.63%. Overall, the MSCI Asia-Pacific Index (excluding Japan) rose 0.29%.
US President Donald Trump on December 22 said that the US economic stimulus package worth $ 900 billion that the US Congress has just passed is unreasonable.
Trump did not threaten to reject the $ 900 billion stimulus bill, but demanded a reasonable bill or the successor administration would have to implement another stimulus package. This move by the current US administration could delay the delivery of American aid.
The discovery of a new strain of Covid-19 in the UK has weighed on global investor sentiment in recent days, regardless of the beginning of the introduction of the Covid-19-resistant vaccine.
In the minutes of the October monetary policy meeting announced by the Central Bank of Japan this morning, a member of the agency expressed concern that “deflation may increase” if the Covid-19 translation is increased. increase and inhibit economic activity; Therefore, caution is required in making monetary policy.
On the US stock market, the S&P 500 index last night suffered a third consecutive drop after slipping another 0.2% to 3,687.26 points. The Dow Jones industrial average lost 200.94 points to 30,015.51 while the Nasdaq Composite Index surged 0.5% and closed at 12,807.92 points.
Money market this morning saw the dollar go up. The US dollar index against other major currencies increased 90,549, from 90.4. Japanese Yen appreciated and converted 103.55 JPY for 1 USD, compared with 104 JPY / USD set last week. Australian dollar was stable and converted 1 AUD / 0.754 USD, still in the price range from 1 AUD for 0.75 – 0.76 USD.
Oil prices on the Asian market this morning continued to sink. Futures prices for Brent oil slid another 1.5% to $ 49.33 / barrel while US crude futures prices fell 1.55% to $ 46.29 / barrel.