Trading Concept
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Trading Concept
No Result
View All Result
Home Trading News

Asia stocks mixed; shares of Chinese developer Fantasia plunge in return to trade

by
November 10, 2021
in Trading News
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Is 1000pip Climber System The Best Forex Signals Provider? A Comprehensive Review

Is Tiller The Best Net Worth Tracker? The Rise of Digital Financial Management

SINGAPORE — Shares in Asia-Pacific were mixed on Wednesday as investors reacted to the release of Chinese inflation data for October.

Hong Kong’s Hang Seng index gained 0.74% to close at 24,996.14.

Shares of Chinese real estate firm Fantasia Holdings in Hong Kong plunged 36.61% after returning to trade. Fantasia — whose Hong Kong-listed stock was suspended for more than a month — failed to repay a $206 million bond that matured early October.

Other real estate shares listed in Hong Kong rose, with China Evergrande Group jumping 3.04% while China Vanke gained 5.86%, Country Garden surged 7.9% and Sunac China soared 14.91%. The Hang Seng Properties index climbed 3.06% to 30,856.58.

Mainland Chinese stocks finished the trading day lower as the Shanghai composite fell 0.41% to 3,492.46 while the Shenzhen component slipped 0.385% to 14,515.88.

China’s consumer inflation for October came in roughly in line with expectations, according to official data released Wednesday. The consumer price index for October rose 1.5% from last year, against expectations in a Reuters poll for a 1.4% increase.

Producer prices, however, rose more than expected. The producer price index for October surged 13.5% from last year, above expectations in a Reuters poll for a 12.4% gain.

The Nikkei 225 in Japan closed 0.61% lower at 29,106.78 while the Topix index fell 0.54% to 2,007.96. Shares of Japanese automaker Nissan Motor surged 7.51% after the firm on Tuesday upgraded its profit outlook.

South Korea’s Kospi slipped 1.09%, closing at 2,930.17.

Shares in Australia edged lower on the day, with the S&P/ASX 200 declining 0.14% to 7,423.90.

MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.13%.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 94.104 following a recent bounce from around 93.9.

The Japanese yen traded at 113.11 per dollar, stronger than levels above 113.5 seen against the greenback earlier in the trading week. The Australian dollar was at $0.7367 following a recent drop from above $0.74.

Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures rising 0.6% to $85.29 per barrel. U.S. crude futures gained 0.2% to $84.32 per barrel.

— CNBC’s Weizhen Tan contributed to this report.

ShareTweetPin

Related Posts

Is 1000pip Climber System The Best Forex Signals Provider? A Comprehensive Review

by
October 1, 2023
0

The forex market is a fast-paced environment where traders constantly seek an edge to make profitable decisions. Central to this...

Is Tiller The Best Net Worth Tracker? The Rise of Digital Financial Management

by
October 1, 2023
0

Understanding one’s net worth is more than just knowing how much one has in the bank. It’s a comprehensive snapshot...

Is SoFi Invest The Best Automated Trading Software? Unraveling the Truth

by
October 1, 2023
0

As traditional investment avenues have expanded and evolved, automated trading software and micro-investing apps have become popular. These platforms simplify...

Is StreetBeat The Best Automated Trading Software? Insights from Everyday Traders

by
October 1, 2023
0

Automated trading software offer a seamless blend of technology and strategy. They allow novice and seasoned traders to optimize their...

Is TradingView The Best Automated Trading Software? The Ultimate Analysis Guide

by
October 1, 2023
0

With the rapid advancements in technology, traders now have many platforms at their fingertips catering to their specific needs and...

Next Post

Stock futures are lower ahead of key inflation data

Google loses antitrust battle with EU as court upholds 2017 order to pay $2.8 billion fine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • WHO says Covid vaccine booster programs will prolong pandemic

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Spin or Split? AT&T Has a Big Decision to Make on Discovery Stake.

    0 shares
    Share 0 Tweet 0
  • Here’s how Carl Icahn is positioning for a possible recession in America

    0 shares
    Share 0 Tweet 0
  • Some lawmakers and their families are betting thousands of dollars on crypto

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by tradingconcept.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.tradingconcept.net