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From Steffen Gosenheimer
TOKYO / HONG KONG (Dow Jones) – The upward trend on the East Asian stock exchanges continued on Tuesday. KGI Securities in Hong Kong spoke as an example for the entire region of a risk-ready mood against the background of the worldwide use of vaccines against the coronavirus and the prospects for an economic recovery.
Hong Kong was there again, where business had been idle since Thursday because of the New Year celebrations. The HSI in late trading there was 1.8 percent higher. In Shanghai, trading will not resume until Thursday. The Nikkei index in Tokyo increased by a further 1.3 percent to 30,467 points. The day before, he had broken the 30,000 mark again for the first time since 1990. In Seoul and Sydney, profits were slightly lower at up to 0.7 percent. In Australia, the central bank provided support with the renewed signal to keep interest rates extremely low and to continue buying bonds until inflation and wage growth pick up steadily. The Austral dollar then gave way.
In line with the increased risk appetite, the yen fell further, traditionally considered a safe haven in times of crisis. The dollar last cost 105.54 yen, compared to 105.00 at the same time the previous day. This also provided a tailwind on the Japanese stock market.
Stocks follow oil prices
Across the region, oil stocks were among the bigger winners as oil prices continue to rise. They are now also picking up because the cold weather in North America has forced some producers of slate to stop production. At the same time, the cold weather should drive oil demand. Accordingly, the price for US oil (+1.3 percent) recently rose more strongly than that of the European Brent variety. In Hong Kong, CNOOC gained 9.2 percent, Tokyo Inpex 1.6 percent, and Sydney Santos 1.7 percent and Woodside 2.3 percent.
Meanwhile, Softbank reached a record high in Tokyo, the share of the technology company rose by 4.1 percent. The recently presented good result, share buybacks and the prospect of a further increasing importance of digitization are the price drivers, it said.
Current company figures also kept things moving. The Japanese diaper manufacturer Unicharm (+ 3.2%) announced a profit increase of 43 percent for the current fiscal year and the personnel services company Recruit Holdings (+ 2.8%) raised its profit outlook. The advertising agency Dentsu (-3.6%), on the other hand, reported a larger loss than expected.
BHP filled with dividends
The commodities giant BHP came up with mixed figures overall, but the higher than expected dividend was positive. BHP closed 2.7 percent firmer in Sydney. In their wake, the course of the big rival Rio Tinto rose by 3 percent. The share of iron ore specialist Fortescue (-3 percent) suffered from the fact that leading managers resigned due to misconduct.
Imax China experienced a fireworks display in Hong Kong after the parent company reported record numbers of cinema visits on the weekend for this year’s New Year celebrations – and this despite the corona-related capacity restrictions. The Imax share shot up by over 30 percent and also pulled the prices of other shares from the entertainment industry with it, such as Maoyan Entertainment (+9.4 percent).
In Seoul, Daewoong Pharmaceuticals (-4.4%) suffered from the fact that one of the company’s botox products may no longer be effectively used in the USA after a ruling in December.
Index (Brse) last +/-%% YTD end
S & P / ASX 200 (Sydney) 6,917.30 + 0.70% + 5.01% 06:00
Nikkei-225 (Tokyo) 30,467.75 + 1.28% + 9.62% 07:00
Kospi (Seoul) 3,163.25 + 0.52% + 10.08% 07:00
Shanghai Comp. holiday
Hang-Seng (Hong Kong) 30,714.28 + 1.79% + 10.81% 09:00
Straits-Times (Sing.) 2,943.50 + 0.41% + 3.08% 10:00
KLCI (Malaysia) 1,608.39 + 0.02% -1.18% 10:00
Forex last +/-% 00:00 Mon, 8:07% YTD
EUR / USD 1.2140 + 0.1% 1.2128 1.2135 -0.6%
EUR / JPY 128.06 + 0.2% 127.78 127.55 + 1.6%
EUR / GBP 0.8715 -0.1% 0.8720 0.8737 -2.4%
GBP / USD 1.3930 + 0.2% 1.3908 1.3889 + 1.9%
USD / JPY 105.49 + 0.1% 105.35 105.10 + 2.2%
USD / KRW 1 101.27 -0.1% 1 102.30 1 104.37 + 1.4%
USD / CNY 6.4582 0% 6.4582 6.4582 -1.1%
USD / CNH 6.4119 + 0.1% 6.4072 6.4068 -1.4%
USD / HKD 7.7524 -0.0% 7.7527 7.7526 0%
AUD / USD 0.7786 + 0.1% 0.7780 0.7778 + 1.1%
NZD / USD 0.7252 + 0.3% 0.7229 0.7237 + 1.0%
BTC / USD 48,957.50 + 1.4% 48,270.75 47,254.75 + 68.5%
ROHOEL last VT-Settl. +/-% +/- USD% YTD
WTI / Nymex 60.22 60.12 + 1.3% 0.75 + 23.8%
Brent / ICE 63.58 63.30 + 0.4% 0.28 + 22.9%
METALS last previous day +/-% +/- USD% YTD
Gold (spot) 1,823.55 1,818.88 + 0.3% +4.68 -3.9%
Silver (spot) 27.68 27.73 -0.2% -0.05 + 4.9%
Platinum (spot) 1,313.70 1,306.00 + 0.6% + 7.70 + 22.7%
Copper future 3.82 3.83 + 0.8% +0.03 + 8.6%
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DJG / DJN / gos / cln
(END) Dow Jones Newswires
February 16, 2021 02:12 ET (07:12 GMT)