Wed. Oct 27th, 2021

stocks, stock exchanges today:

Asian stocks are losing ground due to concerns about delta variants

The highlight:

  • USA
    The S&P 500 was up 0.60% or 26.44 units and the Nasdaq was up 0.78% or 114.58 points, both indexes on record.
    Meanwhile, the Dow Jones rose 0.78% or 271.58 units.
  • ASIA
    The Nikkei gained 0.33% or 91.92 points.
    Kospi lost 0.18% or 5.77 points.
    Hang Seng cut 0.10% or 25.29 points despite an increase in shares of technology companies.
  • EUROPE
    Stoxx 600 fell 0.2% in morning operations.

Wall Street is once again breaking records

Wall Street ended in gains on Thursday due to optimism over employment data. The S&P 500 and Nasdaq recorded all-time highs.

The S&P 500 rose 0.60% or 26.44 units to 4,429.10. The Nasdaq was up 0.78% or 114.58 points, to 14,895.12.

Meanwhile, the Dow Jones rose 0.78% or 271.58 units to 35,064.25.

The New York Stock Exchange received data on applications for unemployment benefits in the United States, which fell to 385,000 last week. This is a decrease compared to the previous week and has coincided with expert estimates. Therefore, the market looks forward to tomorrow’s employment report. According to analysts, this report, along with the September one, will be instrumental in the Federal Reserve’s possible decision to reduce its monetary stimulus.

Imports soared with the recovery in demand in the US

Stock marketThe country’s trade deficit in June rose 6.7% to $ 75.7 billion. Imports rose 2.1% and exports grew 0.6%, reflecting the revival of the world economy.

Art Hogan, chief market strategist at the National Securities Corporation, said the economic data is positive. There are indications that more people, fearing the Delta variant, will be vaccinated.

Traditional sectors, sensitive to recovery, increased. Wynn Resorts increased 7.59%, cruises and travel sites also advanced.

Wall Street continued to react to quarterly results. Uber shot up 3%, while Roku fell 4%.

E-commerce site Etsy fell 9.74% because the outlook was seen as disappointing despite its revenue rising in the second quarter.

Online broker Robinhood lost more than a quarter of its value and sank 27.59% to $ 50.97 after firing the previous day.

Its fall on Thursday came after the announcement that its shareholders expect to sell 96 million shares.

10-year bond yields rose slightly to 1.22%, from 1.18% the day before.

Among the 30 companies listed on the Dow Jones, Salesforce earned the highest profits with 2.62%. Meanwhile, Amgen gained 2.49%, Walt Disney rose 2.39%, Walmart gained 1.86% and Goldman Sachs added 1.70%.

On the other hand, UnitedHealth was down 2.46% and Verizon was down 0.13%.

The Nikkei is up, looking at U.S. job data

The Tokyo Stock Exchange limited its gains due to caution regarding the release of employment data in the US.

The Nikkei gained 0.33%, or 91.92 points, to 27,820.04 on Friday. Meanwhile, the broader Topix index expanded 0.36 points or 0.02% to 1,929.34.

For most of the day, the index moved into positive territory, driven by Japan’s excellent business performance and Hang Seng’s recovery in the afternoon section. However, many investors chose to stay on the sidelines and wait for U.S. non-farm employment data, which slowed gains.

Eneos oil conglomerate improved 1.01% and competitor Idemitsu Kosan rose 1.26%.

Camera maker Nikon made a remarkable gain of 8.44%. Olympus optical equipment company rose 1.95%.

The Fast Retailing textile group advanced 0.25%. Meanwhile, the world’s largest carmaker, Toyota Motor, reduced its price by 1.16%.

Nintendo fell 7.7% after posting an April-June balance on Thursday. Its profit declined after the boom caused by the pandemic and keeping its expected results unchanged.

Trading volume amounted to 2.431 trillion yen.

Nikkei climbs in, looking at U.S. job data

The Japanese Nikkei-225 shot down by the automotive industryThe Tokyo Stock Exchange limited its gains due to caution regarding the release of employment data in the US.

The Nikkei gained 0.33%, or 91.92 points, to 27,820.04 on Friday. Meanwhile, the broader Topix index expanded 0.36 points or 0.02% to 1,929.34.

For most of the day, the index moved into positive territory, driven by Japan’s excellent business performance and Hang Seng’s recovery in the afternoon section. However, many investors chose to stay within the margins and wait for data on U.S. non-farm employment, which slowed gains.

Eneos oil conglomerate improved 1.01% and competitor Idemitsu Kosan rose 1.26%.

Camera maker Nikon made a remarkable gain of 8.44%. Olympus optical equipment company rose 1.95%.

The Fast Retailing textile group advanced 0.25%. Meanwhile, the world’s largest carmaker, Toyota Motor, reduced its price by 1.16%.

Nintendo fell 7.7% after posting an April-June balance on Thursday. Its profit declined after the boom caused by the pandemic and keeping its expected results unchanged.

Trading volume amounted to 2.431 trillion yen.

Hang Seng falls due to rising cases of Covid-19

Hang Seng is down 0.10% or 25.29 points today to stand at 26,179. Meanwhile, Hang Seng China enterprises fell 0.25%.

While the trading day has been positive for large technology companies, the stock market has been hit by Covid-19’s concerns. The Chinese government tightened regulations due to the increase in Delta variant cases. Still, inflows to the south of mainland Chinese investors offered support.

All subscripts closed in negative territory. The financial sector lost 0.08%, trade and industry fell 0.01%, services fell 0.44% and real estate fell 0.60%.

The digital conglomerate Tencent was the one that experienced the greatest revaluation. The company accumulated 3.33% and almost recovered from a fall it suffered yesterday.

Other large technology companies such as Meituan enjoyed a gain of 1.23%. Meanwhile, Alibaba added 0.52% and Xiaomi expanded 0.19%.

On the other hand, the pharmaceutical solutions firm Wuxi Bio fell 4.85%. Lens maker Sunny Optical scored 4.73%.

Chinese state-owned oil companies recorded mixed results. The CNOOC rose 3.06%, Petrochina remained unchanged and Sinopec fell 0.56%.

The turnover of the session was 148.04 billion Hong Kong dollars.

European stocks fell on the last day of the week

European markets opened with a moderate mood on Friday morning as investors stopped after days of record gains.

The pan-European Stoxx 600 index traded in the foreground, and regional markets followed suit.

Stoxx 600 fell 0.2% in morning operations. The trend may change with the release of the monthly employment report in July in the United States.

 

Meanwhile, most stock index values ​​have fallen. However, the London Stock Exchange accumulated a gain of 3.62% after increasing its half-yearly turnover.

The post Asian stocks lose ground due to Delta Variant concerns first appeared on FinanceBrokerage.

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