Most stock exchanges in the Asia-Pacific region are moving upwards with Hong Kong-led Hang Seng leading the way as profits are being pushed by the jump in the tech industry.
The investment climate was stimulated by the “signal” of the Chinese authorities to resolve the control dispute that threatened the Chinese listed companies with delisting from the stock exchange.
Meanwhile, Hong Kong Governor Carrie Lam announced on Monday that she would not run for a second term.
In particular, the Hang Seng strengthened at the beginning of the week by 1.88%, with Tencent gaining 2.85%. Other tech stocks are up even more, with Alibaba adding 3.46% and NetEase up 6.1%.
In Japan, the Nikkei 225 in Japan recorded small gains of 0.14%, with SoftBank strengthening by more than 3%. Topix gains 0.41%.
In South KoreaKospi adds 0.6%, while in Australia the S & P / ASX 200 gains 0.4%.
In Sri Lanka, Columbus Stock Exchange trading has been suspended for the second time on Monday, after the S&P SL20 index fell more than 7.5% from Friday’s session. Today’s session will be permanently interrupted if the index falls above 10%.
The governor of Sri Lanka’s central bank announced on Monday in a tweet that he had submitted his resignation to the country’s president. The country’s Minister of Youth and Sports Namal Rajapaksa also announced his resignation on Twitter.
The broader MSCI Index for Asia-Pacific equities outside Japan is up 0.97%.
In mainland China markets are closed today and tomorrow due to holidays.
Source: Capital
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
