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Sunday, September 26, 2021

Thursday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan

China stocks finished lower Thursday, weighted down by tech shares after Beijing launched an antitrust probe into Jack Ma’s Alibaba Group (NYSE:BABA).

China’s blue-chip index CSI300 fell 0.1% to 5,000.02, while the Shanghai Composite Index lost 0.6% to 3,363.11. The tech heavy STAR Market dropped 2.1%, while the CSI TMT Index fell 1.5%.

Investor confidence in the tech sector was hit by news that China launched an antitrust investigation into Alibaba’s e-Commerce and fintech empire.

The probe is part of a fast moving crackdown on monopolistic behavior in China’s booming internet space, a big setback for Alibaba founder Jack Ma.

Japan’s Nikkei share average rose 0.54% at 26,668.35, edging closer to Monday’s high of 26,905, its highest mark since early 1991. The broader Topix gained 0.51% to 1,774.27.

Foreign investors were net buyers of Japanese equities for the 2nd straight wk that ended on 18 December as progress on COVID-19 vaccine roll-outs globally raised investors’ risk appetite.

Overseas investors were net buyers of stocks worth 411.83 billion Japanese yen ($3.98-B) last week, marking their biggest weekly net buying in 4 wks, data from Japanese exchanges showed.

They bought 241.82 billion yen worth of derivatives and 170.01 billion yen in cash equities markets, the data showed.

The Topix index gained 0.6% last week, and the Nikkei share average added 0.4%.

Australian shares were poised to rise Thursday, extending gains from the last session, The local share price index futures rose 0.7%, a 31.1-pt discount to the underlying S&P/ASX 200 index close. The benchmark finished 0.7% higher Wednesday. New Zealand’s benchmark S&P/NZX 50 index rose 0.4% by 2121 GMT.

Asia-Pacific Indexes

Data as of 24 Dec 2020. All quotes delayed at least 15 minutes.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:36am EST155.20+0.83+0.54%
.TRXFLDHKPThomson Reuters Equity HK Index3:59am EST320.74-4.80-1.47%
.TRXFLDINPThomson Reuters Equity India Index4:36am EST1,591.07+14.49+0.92%
.N225Nikkei Stock Average 2251:15am EST26,668.35+143.56+0.54%
.HSIHang Seng Index23 Dec 202026,386.56+43.46+0.16%
.AORDASX All Ordinaries Index23 Dec 20206,917.50+24.90+0.36%
.KS11KOSPI Index4:01am EST2,806.86+47.04+1.70%
.SETISET Composite Index4:50am EST1,451.52+35.50+2.51%
.JKSEJakarta Composite23 Dec 20206,008.71-14.58-0.24%
.PSIPSE Composite Index23 Dec 20207,204.38+1.99+0.03%
.SSECShanghai Composite Index2:59am EST3,363.11-19.21-0.57%
.BSESNS&P BSE Sensex4:53am EST46,946.58+502.40+1.08%
.FTFBMKLCIFTSE Bursa Malaysia KLCI23 Dec 20201,641.17-6.33-0.38%
.HNX30HNX 30 Index23 Dec 2020301.15-1.68-0.55%

Have a healthy, Happy Christmas Holiday, Keep the Faith!

Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

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