empty
27.04.2021 09:35 AM
Asian stocks mostly decline ahead of US Federal Reserve meeting

This image is no longer relevant

In addition, it is expected that tomorrow, US President Joe Biden, during his first address to both houses of Congress, will present details of the plan for infrastructure spending and tax reform.

The Japanese Nikkei 225 Index dropped 0.32% by 8:40 GMT + 2.

The Bank of Japan kept the short-term interest rate on deposits of commercial banks with the Central Bank at minus 0.1% per annum, the target yield on ten-year government bonds of Japan at about zero.

The Japanese central bank cut its inflation forecast for the current fiscal year to 0.1% from 0.5%, which was expected in January. The forecast for GDP growth was raised to 4% from 3.9%. The regulator warned of the risks to the country's economy as the pandemic continues to put pressure on consumption.

Among the leaders in the growth of quotations are shares of the paper manufacturer Nippon Paper Industries Co. Ltd. (+ 6.9%) and engineering company IHI Corp. (+ 6.4%). The market value of the transport company Kawasaki Kisen Kaisha Ltd. increases by 4.9%, food manufacturer Kikkoman Corp. increases by 4.7%.

Meanwhile, Daiichi Sankyo Pharmaceutical Paper Co. Ltd. fell 3.2%, chemical Asahi Kasei Corp. fell in price by 2.7%. Stock quotes of the financial company Matsui Securities Co. Ltd. fall by 3%.

China's Shanghai Composite Index dropped 0.11% by 8:45 GMT + 2, while Hong Kong's Hang Seng Index added 0.27%.

The most significant increase during trading on the Hong Kong Stock Exchange was shown by the quotations of securities of the Internet company Meituan (+ 3.2%) and HSBC Holdings Plc (+ 2.6%). Online retailer Alibaba Group Holding Ltd. rise in price by 1.1%.

Biologics manufacturer Wuxi Biologics dropped 5.4%, Internet giant Tencent Holdings Ltd. fell 1.3%, developer Wharf Real Estate Investment Co. Ltd. dropped by 1%.

The South Korean Kospi index by 9:00 GMT + 2 fell by 0.1%. On the eve, the indicator renewed its record high.

South Korea's economy grew 1.8% year-on-year in the first quarter of 2021, preliminary data from the Bank of Korea show. Analysts had expected the country's GDP to grow by 1.1%.

The market value of one of the world's largest chip manufacturers, Samsung Electronics Co. declined 1.1%; automaker Hyundai Motor fell 1.4%.

The Australian S & P / ASX 200 fell 0.19% by 08:59 GMT + 2.

Australian authorities plan to discuss the suspension of flights to India, where the incidence of COVID-19 continues to rise.

Evolution Mining Ltd. and Northern Star Resources Ltd. add 3.4% and 1.1%, respectively. Fintech company Afterpay Ltd. fell by 5.3%.

Thomas Frank,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Wall Street surges: Nasdaq soars 2.74% as tech stocks drive market higher

Procter & Gamble and PepsiCo fell after cutting forecasts, while Hasbro and ServiceNow jumped following their earnings reports. March durable goods orders surged more than expected. Alphabet beat revenue expectations

12:52 2025-04-25 UTC+2

US Market News Digest for April 25

US stock indices closed higher for the third straight session, buoyed by a sharp rally in the technology sector. The Nasdaq surged 2.74%, driven by strong earnings reports from companies

Ekaterina Kiseleva 11:42 2025-04-25 UTC+2

Wall Street on the rise: Nasdaq soars 2.74%, tech leads market higher

Procter & Gamble, PepsiCo fall after forecast cuts Hasbro, ServiceNow jump after results March durable goods jump more than expected Alphabet beats revenue estimates, shares rise after hours Asian markets

Thomas Frank 07:15 2025-04-25 UTC+2

Earnings parade: From Adidas sneakers to Boeing jets, quarterly reports push the market

Indices up: Dow 1.07%, S&P 500 1.67%, Nasdaq 2.50% Bessent calls US-China tariffs unsustainable, Trump open to talks Tesla, Boeing rise after quarterly results European stocks fall as investors weigh

Thomas Frank 13:15 2025-04-24 UTC+2

US Market News Digest for April 24

US stock indices, including the S&P 500 and Nasdaq 100, posted solid gains on optimism about progress in trade negotiations. Despite the lack of a clear position from the White

Ekaterina Kiseleva 11:05 2025-04-24 UTC+2

Trump acts, markets react: Nikkei up 2%, USD rallies

The Nikkei surged more than 2%, S&P 500 futures extended their rally, and the dollar jumped after US President Donald Trump said he has no plans to fire Fed Chairman

12:35 2025-04-23 UTC+2

US Market News Digest for April 23

The US market is showing renewed signs of instability. Positive signals about a potential de-escalation in the trade conflict with China are fueling hope, but experts warn against excessive optimism

Ekaterina Kiseleva 12:17 2025-04-23 UTC+2

Trump says markets react: Nikkei up 2%, dollar strengthens, China awaits outcome

Nikkei jumps more than 2%, S&P 500 futures continue rally Dollar jumps as Trump says he has no plans to fire Powell Hopes for China tariff easing, but no deal

Thomas Frank 10:52 2025-04-23 UTC+2

US Market News Digest for April 22

The S&P 500 and Nasdaq 100 continue to slide as mounting concerns over slowing economic growth and the impact of trade tariffs weigh on sentiment. The market remains volatile, with

Ekaterina Kiseleva 11:13 2025-04-22 UTC+2

Trump, Fed, and gold at $3,000? Markets respond to alarming signals

Investors are worried about the Fed's independence under Trump. US assets are falling, and the dollar is at a three-year low against the euro. Safe-haven currencies like

11:46 2025-04-21 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.