Chinese stock markets show signs of recovery
The recent performance of the Chinese stock exchanges has highlighted a positive trend, in particular thanks to the optimism generated by the statements of the President of the Federal Reserve, Jerome Powell. The close of the US markets, characterized by a brilliant trend, had a domino effect on the Asian price lists. In Shanghai, the Composite Index registered an increase of 0.12%, closing at 3368.86 points.
This growth signal has been welcomed by investors, who see American economic stability as a support factor for Asian economies
.
Shenzhen up, Hong Kong down
Another index that showed positive results is that of Shenzhen, which gained 0.74%, bringing its value to 2039.31 points. This increase reflects investor interest in technology companies and expanding sectors. However, not all Asian stock exchanges have followed this trend. The Hong Kong stock market declined, with the Hang Seng Index closing at a loss of 0.92%, stopping at 19,560.44 points. This contrast highlights the different reactions of markets to global economic news, suggesting that local dynamics can significantly influence stock performance
.
Tokyo follows the positive trend
In Japan, the Tokyo Stock Exchange ended the day slightly higher, supported by the positive trend in the US markets. The Nikkei Index gained 0.3%, while the Topix Index rose by 0.1%. Powell’s statements on future interest rate decisions have helped to create a climate of confidence among Japanese investors, who see the stability of the Fed as a sign of continuity for global markets. This favorable environment could lead to additional investment and increased economic activity in the region.
