China GDP data as well as also central banks in focus

In Seoul, the Kospi tacked on 0.02 percent to end at 2,515.81. Samsung Electronics bounced 0.56 percent after recording losses within the last session. Rival chipmaker SK Hynix also saw gains, climbing 1.48 percent by the end of the day. Lotte Shopping fell 1.49 percent as some other retail sector stocks traded mixed.

The Bank of Korea on Thursday held interest rates steady at 1.5 percent, as was mostly expected. The central bank was seen as likely to stand on the sidelines due to tighter monetary conditions driven by strength within the Korean won, Trinh Nguyen, senior economist at Natixis, said in a Wednesday note.

Over in Sydney, the S&P/ASX 0 finished lower by 0.02 percent at 6,014.6 as gains within the heavily weighted financials sector were offset by losses in energy-linked stocks as well as also gold producers.

Hong Kong’s Hang Seng Index rose 0.47 percent at 3:14 p.m. HK/SIN after recording its second straight record close within the last session. Financials were most higher, with HSBC rising 0.53 percent as well as also China Construction Bank advancing 2.69 percent. Property developers traded in negative territory within the afternoon, with Country Garden falling 1.55 percent by 3:18 p.m. HK/SIN.

Mainland stocks closed at their highest levels in two years, according to Reuters. The Shanghai composite advanced 0.91 percent to close at 3,475.91 as well as also the Shenzhen composite added 0.13 percent to end at 1,924.2. The blue chip CSI 300 index closed 0.58 percent higher as banking shares extended gains, with Industrial as well as also Commercial Bank of China closing 6.25 percent higher.

China data released after the market close showed the economy grew 6.9 percent last year, above the official target of around 6.5 percent. some other numbers released within the afternoon were mixed: December retail sales rose 9.4 percent on year, missing the 10.1 percent forecast in a Reuters poll, although industrial output topped estimates.

On the corporate earnings front, Taiwan’s TSMC announced that will its fourth-quarter net profit came in at 99.29 billion Taiwan dollars ($3.4 billion) — 0.9 percent less than the year-ago period. The figure, however, came in slightly above the T$97.78 billion forecast in a Thomson Reuters I/B/E/S poll.

U.S. stocks closed higher, with the Dow Jones industrial average advancing 322.79 points to finish above the 26,000 level for the 1st time.

some other major stock indexes stateside also saw gains after the Discharge of expectation-topping earnings by several U.S. corporates. U.S. investors also awaited developments related to a potential government shutdown should Congress fail to pass a funding bill by Friday.

Leave a Reply

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

*

thirteen + 10 =