Asian markets trade mixed; Hong Kong stocks fall nearly 1%

Elsewhere in Japan, the Nikkei 225 slipped 0.2% while the Topix index declined 0.29%.

Sep 30, 2021 10:09 IST India Infoline News Service

Asian stock markets traded on a mixed note during Thursday's session with the Hang Seng index slipping nearly 1%. Mainland Chinese stocks advanced, with the Shanghai Composite up 0.37% and the Shenzhen Component advancing 1.42%. South Korea’s Kospi rose 0.51% and the Australia's S&P/ASX 200 climbed 1.56%.

On the economic front, China’s official manufacturing Purchasing Managers’ Index for September came in at 49.6. A private survey on Chinese factory activity in September came in above expectations, with the Caixin/Markit manufacturing PMI for the month rising to 50 the month as compared with August’s reading 49.2.

Elsewhere in Japan, the Nikkei 225 slipped 0.2% while the Topix index declined 0.29%. On the political front, Japan is set for a new Prime Minister after Fumio Kishida won the governing party leadership election on Wednesday.

Meanwhile, the dollar index gained for the fourth day in a row. The US 10-year treasury yields fell slightly and are at the 1.513% mark in early trade today.

European indices closed higher on Wednesday with the DAX was up 0.77% reversing some of Tuesday’s losses. FTSE100 rose 1.14% after spending Tuesday in the red and the CAC40 gained 0.84% reversing some of Tuesday’s fall. The Stoxx600 rose for the first time this week, up 0.59%.

Further, USA stocks witnessed modest gain mostly, while a sustained rise in bond yield continued to weigh on rate-sensitive technology and growth stocks. Therefore, while Dow and S&P 500 recorded modest gains, tech-dominated Nasdaq extended losses.

Notably, Fed Chairman yesterday stated that elevated inflation and supply bottlenecks could last into the early part of 2022. 

Related Story

Open Free Demat Account (Rs699)
Open ZERO Brokerage Demat Account

  • 0

    Delivery Brokerage for Lifetime

  • 20

    Per order for Intraday, F&O, Currency & Commodity