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Asia-Pacific indicators mainly rise
10:13 2021-10-22 UTC--4

Asia-Pacific indicators showed a strong gain on Friday. Shanghai Composite and Shenzhen Composite added 0.09% and 0.47% respectively. Hong Kong's Hang Seng Index rose 0.19%, Japan's Nikkei 225 gained 0.39% while South Korea's KOSPI fell 0.2%. Australia's S&P/ASX 200 was almost unchanged.

One of the most significant positive factors contributing to the rise in indicators is the news that China's Evergrande has managed to avoid bankruptcy. Thus, the company has already made payments on the $83.5m bond. This should have happened at the end of September. This is not the only delay of the developer. The total amount of overdue payments is $ 280 million. The company will have to repay them by November 11. It has also decided not to sell a majority stake in Evergrande Property Services Group for $2.6bn, as previously planned. Amid the news, Evergrande shares gained 3.5%.

According to the Ministry of Foreign Affairs, consumer prices increased by 0.2% compared to the same period last year. This was the first time in the past year that such a trend was noted. However, last month's increase was 0.4% compared to August's rate. The global Purchasing Manager Index (PMI) of the industrial sector rose to 53 points in the current month from 51.5 in September. The service sector rose to 50.7 points in October from 47.8 last month.

Some of Asia's biggest stocks have gained in value, while others, on the contrary, have lost. Fast Retailing fell 0.7%, while Sony, Rakuten and SoftBank Group gained 0.6%, 1.8% and 0.5%, respectively. Meituan shares also rose 0.14%, Tencent Holdings, Ltd. added 0.9%, while Alibaba Group Holding, Ltd. shares were down 0.06%.

Despite the decline in the South Korean indicator, SK Hynix Inc. and Samsung Electronics were up 2.4% and 0.1%, while Kia Corp lost 0.1%.

With the Australian indicator unchanged, the value of the country's largest companies fell. Rio Tinto, Ltd. dropped 1.8% and BHP Group, Ltd. slid 2.2%.

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El mercado de divisas es altamente especulativo y complejo por naturaleza, y puede no ser adecuado para todos los inversores. Las operaciones en Forex pueden resultar en ganancias o pérdidas sustanciales. Por lo tanto, no es aconsejable invertir dinero que no puede permitirse perder. Antes de utilizar los servicios ofrecidos por ForexMart, reconozca los riesgos asociados con las operaciones en Forex. Busque asesoramiento financiero independiente si es necesario. Tenga en cuenta que ni el rendimiento pasado ni los pronósticos son indicadores confiables de resultados futuros.