empty
04.05.2022 03:46 PM
Major Asia-Pacific indices show decline

This image is no longer relevant

The major indices of the Asia-Pacific region show mainly declined on Wednesday. Hong Kong's Hang Seng Index dropped by 1.25%, while Australia's S&P/ASX 200 slightly declined by 0.04%, and Korea's KOSPI lost 0.15%. Chinese and Japanese stock exchanges are closed because of the weekend. However, the Chinese Shanghai Composite and Shenzhen Composite closed on Friday with significant gains of 2.5 and 3.9% respectively, while Japan's Nikkei 225 index was down by 0.11%.

Investors are mostly pessimistic about the market expectations due to the forthcoming announcement of the results of the US Federal Reserve meeting. Experts assume that the rate will be increased by 50 points. If such a decision is made, it will be the highest increase in the last 20 years. It is still unclear how such a strong tightening of monetary policy will affect economic growth prospects.

According to available statistics, Hong Kong's economic growth slowed by 4% during the first quarter of this year. Analysts attribute this to the introduction of restrictive measures to combat a new wave of coronavirus. However, the decline in GDP was recorded for the first time in the last year.

The biggest losers of the Hang Seng Index were Alibaba Health Information Technology Ltd. which fell by 6.4%, Li Ning Co, Ltd. which dropped by 5.7%, and Meituan which lost 5.5%. In addition, JD.com Inc. declined by 3.9%, and Alibaba Group Holding, Ltd. plummeted by 3.7%.

Companies included in the KOSPI index did not show significant changes. Thus, Samsung Electronics Co. grew by 0.3%, while Hyundai Motor declined by 0.3%.According to statistics, Australia recorded a 1.6% increase in retail sales in March of this year. The reading was slightly lower than February's increase by 1.8%. However, the indicator has been growing for three months in a row and has already peaked.

Some companies in the S&P/ASX 200 index showed gains. Commonwealth Bank of Australia gained 0.8%, and Westpac Banking Corp. increased by 5%. At the same time, the securities of other companies declined: BHP by 0.7% and Rio Tinto by 0.9%.

Anastasia Kravtsova,
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

US Market News Digest for April 03

Futures plunge after new tariffs: Nike and Boeing hit hardest. Fear index rises US stock markets opened April sharply in the red. Donald Trump announced an increase in tariffs

Irina Maksimova 13:24 2025-04-03 UTC+2

Markets on edge as Trump imposes 10% tariff on imports, gold and euro soar

Trump announces 10% basic tariff on all imports in keynote speech Gold at record high, yen jumps, bonds rise Indices rise ahead of speech: Dow 0.56%, S&P 500 0.67%, Nasdaq

Thomas Frank 10:55 2025-04-03 UTC+2

$10 billion: cost of mistake. J&J again under spotlight

Balance sheet indicators are in turmoil. Airline stocks are falling. J&J is also sliding. Big gains for recent IPO names CoreWeave and Newsmax. Indices: Dow down 0.03%, S&P

14:26 2025-04-02 UTC+2

US Market News Digest for April 02

Johnson & Johnson faced a serious setback when a judge rejected a $10 billion settlement over talc claims, causing the company's stock to plummet by 7.6%. Market participants have

Natalia Andreeva 12:44 2025-04-02 UTC+2

$10 Billion: The Price of Mistakes? J&J Back in Legal Storm

Balance Sheets Survive Day Ahead of Trump Tariff Event Airlines Slip After Jefferies Downgrades Forward J&J Slips After Judge Rejects $10 Billion Baby Powder Settlement Big Gains for Recent

Thomas Frank 08:02 2025-04-02 UTC+2

Q1 2025: Markets witness biggest rate drop since 2022

S&P, Nasdaq post worst month since December 2022 Biggest quarterly interest rate drop: S&P since Q3 2022, Nasdaq Q2 2022 Trump tariff uncertainty weighs on markets in Q1 Trump

Thomas Frank 12:03 2025-04-01 UTC+2

US Market News Digest for April 1

US stock indices closed the trading session with mixed results: the S&P 500 rose by 0.55%, while the Nasdaq 100 lost 0.14%. The reason for this uncertainty is the potential

Ekaterina Kiseleva 11:37 2025-04-01 UTC+2

Gold shines in crisis: best quarter since 1986 amid global turmoil

The Nikkei drops 4% and Nasdaq futures fall 1.4%. Trump signals US tariffs will target all countries. Gold posts its best quarter since 1986, while the dollar heads

12:51 2025-03-31 UTC+2

US Market News Digest for March 31

The US market kicked off the week with a broad-based sell-off, driven by rising talk of retaliatory trade tariffs and deteriorating consumer confidence. Investors are bailing out of stocks

Irina Maksimova 12:16 2025-03-31 UTC+2

Gold: The New Crisis King? Best Quarter Since 1986 Amid Global Turmoil

Nikkei Falls 4%, Nasdaq Futures Fall 1.4% Trump Says U.S. Tariffs Will Apply to Every Country Gold Has Best Quarter Since 1986 Dollar Heading for Worst First Quarter Since Global

Thomas Frank 09:35 2025-03-31 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.