Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations
08:29
The mixed trend continues in Asian stock market trading. The stock market in Hong Kong flies by about 6%, the Shanghai index in China climbs by 2.4% and the Nikkei in Japan falls by 1.77%.
KOSPI in South Korea advances by 0.6%, the stock exchange in Australia adds about 0.5%.
The high-tech index in the Hang Seng continues to soar, by 8.6% at this time, led by the Chinese tech giants listed in Hong Kong and the shares of electric vehicle manufacturers. Alibaba and JD.com shares jump more than 12%, Tencent flies 8.6%. Xpeng’s share soars close to 27%.
07:32
Trading in the Asian stock markets this morning is in a mixed trend with sharp fluctuations, the Hang Seng index in Hong Kong soared by about 7%, the Shanghai index jumped by 2.6% while the Nikkei index, which was closed last night due to a holiday, dropped by 1.9%. The tech index in the Hang Seng flew by 7.7%.
Oil prices are rising. Oil for delivery rises by 1.95% to $89.9 per barrel, Brent crude advances by 1.76% to $96.3 per barrel.
The Chinese tech stocks listed in Hong Kong are climbing and driving trade in the country, Alibaba is flying by about 18%, JD.com is jumping by about 16%, Tencent is jumping by 11.1% and Meituan is soaring by 11.7%.
The shares of the electric vehicle manufacturers also stand out with sharp increases and jump the tech index in Hong Kong. Xpeng shares soar 27%, Nio jumps 19.4% and Li Auto jumps 17.2%.
In the data sector, the US Department of Labor is expected to publish today the unemployment rate for October, which according to analysts’ forecasts is expected to rise from 3.5% to 3.6%. According to expectations, last October was the lowest deal in nearly two years.
Last night Wall Street closed in the red. The Dow Jones shed 0.5% as Boeing jumped sharply but Apple stood out with a 4% decline. The S&P 500 retreated by 1% and the Nasdaq by 1.7%.
US government bond yields climbed, but closed at more moderate levels than those recorded at the beginning of the day. The yield on the 10-year bond increased by 7 points to 4.13% and the yield on the two-year bond added 14 points and reached 4.71%.
The Israeli stock of Nano Dimension rose nearly 10% after Bloomberg reported that the investment company Murchinson, the largest shareholder in the 3D printer company, submitted an offer to purchase the rest of its shares in a deal that would value the company at $995 million.