Asian stock in mixed mode: Shanghai and Seoul up, Hong Kong and Tokyo down

asia, globe, china, economy

Wednesday’s trading in financial markets in East Asia has developed in both directions. While investors bought in China and Korea, sellers predominated in Japan and Hong Kong.

The Shanghai Stock Exchange has had a relatively successful turn of the last week of August. The overall index strengthened by 0.74 percent, which was about half a percentage point more than the strengthening of the main index CSI300. The reason for investor optimism was the pouring of short-term liquidity into the banking sector by the Chinese central bank.

The growth of the Shanghai Stock Exchange was driven mainly by companies that supply basic goods to the market. This segment grew by almost two percent. The market in Seoul also went up, where the KOSPI index strengthened by 0.27 percent. The driving force was technological titles led by Samsung or LG.

By contrast, Hong Kong and Tokyo entered the second half of the week with a decline. The Hang Seng Index lost only 0.13 percent, the Tokyo Nikkei depreciated even less, at 0.03 percent. Both markets were affected by investor caution ahead of a meeting of the world’s central bankers in Jackson Hole, USA.


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