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02.02.202112:08 Forex Analysis & Reviews: Stock indices of Asia-Pacific countries mostly grow on Tuesday

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Exchange Rates 02.02.2021 analysis

The stimulus negotiations have been a success for the Republicans. President Joe Biden and Vice President Kamala Harris failed to convince Republican senators to drop the proposal to cut the support package. Earlier, Republicans took the initiative to reduce the aid package from $ 1.9 trillion to $ 600 billion.

The Japanese Nikkei 225 Index rose 0.85% by 08:05 Moscow time.

Among the leaders of the increase in quotations are shares of Shiseido Co. (+ 7%), Mitsui E&S Holdings Co. (+ 6.1%) and Hitachi Zosen Corp. (+ 5.5%).

At the same time, the market value of the investment and technology SoftBank Group Corp. growing 1.6%; consumer electronics maker Sony Corp. by 2.6%, Asia's largest apparel retailer Fast Retailing Co. by 0.1%.

In addition, shares of automakers, including Mitsubishi Motors Corp. (+ 3.7%), Toyota Motor Corp. (+ 1.9%), Mazda Motor Corp. (+ 1.3%), Nissan Motor Co. (+ 2.7%) and Honda Motor Co. (+ 1%).

The decline was led by Tokyo Electric Power Co. (-5.3%), Kyowa Kirin Co. (-3.5%) and Yamato Holdings Co. (-2.6%).

The Chinese Shanghai Composite index by 8:20 GMT + 2 rose 0.72%, the Hong Kong Hang Seng - 1.43%.

The most significant shares of the pharmaceutical company CSPC Pharmaceutical Group (+ 11.6%), the automaker Geely Automobile Holdings (+ 4.7%) and the biopharmaceutical company Sino Biopharmaceutical (+ 4.5%) went up in price on the Hong Kong Stock Exchange.

Internet giant Tencent Holdings rose 3.6%, online retailer Alibaba Group Holding rose 3.1%, oil company CNOOC rose 3.4%, consumer electronics maker Xiaomi Corp. by 1.7%.

The leaders in the fall were shares of the manufacturer of power tools Techtronic Industries Co. (-2.9%), as well as developers Hang Lung Properties (-2%) and Wharf Real Estate Investment Co. (-1.6%).

The South Korean Kospi index increased by 1.45% by 8:25 GMT + 2.

Consumer prices in South Korea rose 0.6% year-on-year in January after rising 0.5% a month earlier. Analysts on average predicted a 0.3% rise in prices. On a monthly basis, consumer prices jumped 0.8% after rising 0.2% in December. The consensus forecast of experts provided for an increase in the indicator by 0.5%.

Capitalization of one of the world's largest electronics manufacturers Samsung (KS: 005930) Electronics Co. increased by 2.3%. The price of shares of the automaker Hyundai Motor Co. rose 0.4%, Kia Motors Corp. fell in price by 1%.

Australia's S & P / ASX 200 climbed 1.49% on Tuesday.

The growth leaders were the shares of Credit Corp. Group Ltd., which jumped in price by 8.8%.

The market value of the world's largest mining companies BHP Group and Rio Tinto rose 2.2% and 3.4%, respectively.

Thomas Frank
Analytical expert of InstaForex
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