2023-05-22 04:39:17
Singapore Investor sentiment in Asia is subdued at the start of the week amid stalled talks over a US debt ceiling hike. The only very short time left for a compromise before the “tough deadline” of June 1 announced by US Treasury Secretary Janet Yellen is making investors nervous.
Talks between US President Joe Biden and his Republican opponent in Congress Kevin McCarthy are scheduled to resume on Monday. The Nikkei index, which comprises 225 stocks, remained virtually unchanged over the course of the year at 30,818 points. The broader Topix index rose 0.2 percent to 2165 points.
The Shanghai stock exchange was up 0.3 percent. The index of the most important companies in Shanghai and Shenzhen gained 0.4 percent. The government’s decision in Beijing to ban the US memory chip manufacturer Micron Technology from deliveries to information infrastructure companies in the country due to security concerns drove up the values of its direct competitors: shares in SK Hynix rose by one percent, Samsung Electronics switched up 0.5 percent while the broader market was up 0.6 percent. Toshiba’s shares remained flat.
More: A slightly different view of the Dax record.
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