Economic news

Asian shares rise after Wall Street’s stock market rally

Asian markets mostly up on Wednesday after a significant increase in Wall Street’s indices by more than 2 percent on Federal Reserve Chairman Jerome Powell comments, who left the question of lowering interest rates open.

asian markets high 0506Photo: Foter

There is no significant news on Sino-American trade relations, except for information about the planned meeting of U.S. Treasury Secretary Steve Mnuchin with the head of the People’s Bank of China Yi Gang on the eve of the G-20 summit in Japan this weekend. This will be the first official meeting of the two sides since the negotiations reached an impasse in May.

Shares in Japan and Hong Kong regained their losses due to hopes for a Fed rate cut.

  • Japan’s Nikkei gained 1.80 percent to 20,776.10;

  • Hong Kong's Hang Seng Index rose by 0.46 percent, to 26,885.31;

  • China's Shanghai Composite Index increased by 0.24 percent, to 2,869.24;

  • South Korea’s Kospi added 0.10 percent to 2,069.11;

  • Taiwan’s Taiex went up by 0.31 percent, to 10,461.62;

  • Australia’s ASX 200 increased by 0.41 percent to 6,358.5

  • India’s Sensex lost 0.46 percent to 40,083.54.

Companies that marked a significant increase in share value on Wednesday: Toyota Motor (+2.53), Softbank (+3.60), Sony (+2.83), Recruit Holdings (+3.88), Honda Motor (+2.85), Fanuc (+2.88), Seven & I Holdings (+2.81), Daikin (+3.45), Shin-etsu Chemical (+2.59), Mitsui (+2.22), Daiichi Sankyo (+5.65), Komatsu (+2.16) , Bridgestone (+2.09), Dai-ichi Life (+3.10), Mitsui Fudosan (+2.20), Fujifilm (+2.77), Tokyo Electron (+2.27), Terumo (+3.16), Kyocera (+2.77), Shionogi (+3.06), AEON (+2.78), Kubota (+2.02), NTT DATA (+3.49), Nomura (+3.38), Sompo Japan Nip (+2.72), Sumitomo Mitsui (+2.18), TDK (+3.37), Isuzu Motors (+3.61), West Japan Railway (+2.28), Dentsu (+3.35), Nitto Denko (+4.19), Toyota Tsusho (+2.25), Familymart Co (+2.08), Toray Industries (+2.65), Sumitomo Electric (+3.26), Kikkoman Corporation (+3.67), T & D Holdings (+3.12), Asahi Glass (+3.29), Sony Financial (+2.29), Yaskawa Electric (+3.94), Kuraray (+4.71), NGK Insulators ( +3.70 ), Mitsui Chemicals (+4.17), Amada Holdings (+4.43).

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