Economic news

Asian stocks grow mainly, investors await China-EU summit

Asian stock markets mixed on Tuesday, because on the one hand the optimism about China’s measures for economic growth stimulation improved market sentiment, and on the other hand, concerns over U.S. revenues and the decisive Brexit summit this week restrained this increase.

asian stocks mixed 0904

The broadest MSCI’s index for the Asia-Pacific region outside Japan jumped  by 0.3 percent, reaching the highest level since August 9, 2018.

Chinese blue chips rose by 0.15 percent as investors supported a plan announced by the state planner of China on Monday to ease restrictions on living in many smaller cities and increase infrastructure spending.

The rest of the stocks showed a mixed dynamics as investors remain focused on key events affecting the market, such as Brexit and the trade summit between the European Union and China, scheduled for Tuesday, later.

  • Japan’s Nikkei rose by 0.19 percent, to 21,802.59;

  • Hong Kong’s Hang Seng rebounded 0.10 percent to 30,108.57;

  • China’s Shanghai fell by 0.71 percent to 3,221.77;

  • Singapore’s FTSE Straits Times added 0.12 percent to 3,319.49;

  • South Korea’s Kospi advanced 0.23 percent to 2,215.38;

  • Australia’s ASX 200 index is trying to recover by 0.01 percent, being at the level of 6,221.80.

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