Major stock markets in Asia showed a mixed picture on Friday. The mood was supported by a rise in the US S&P 500 index, which reached a new record level despite a stronger-than-expected rise in inflation in the United States.
It also responded to the interest rate decision of the European Central Bank (ECB). The ECB left interest rates and the stimulus policy unchanged and raised growth expectations for the eurozone.
China has passed a new law to curb foreign sanctions, according to local media. Beijing wants to take revenge on punitive measures and pressure from the US and the European Union, which accuse China of unfair trade practices and criticize China’s policy towards Hong Kong.
The airlines Japan Airlines and Ana Holdings were among the losers with losses of around half a percent. The chip companies Advantest and Tokyo Electron showed small profits of about 0.7 percent.
Eisai wiped out the loss from a day earlier and climbed almost 6 percent. The Japanese pharmaceutical company showed significant price swings this week after approval of its Alzheimer’s drug in the US.
The stock market indicator in Shanghai was down 0.4 percent in the meantime and in Hong Kong the Hang Seng index climbed 0.5 percent.
The Kospi in Seoul climbed 0.7 percent and the All Ordinaries in Sydney gained 0.2 percent.
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Loss Japanese Nikkei on slow economic recovery | Financial
Source link Loss Japanese Nikkei on slow economic recovery | Financial