Asian stock markets: Hong Kong continues to grow, Tokyo declining

  •   21/01/2021 - 14h09
  •   DEHOUI Lionel

Performances are diversified this Wednesday at the level of the main Asian stock exchanges. Thus, Hong Kong continued its progression, helped by Chinese investments. On the other hand, in Tokyo, the indices were in the red, awaiting the inauguration of the new American president Joe Biden.

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Asian stock markets: Hong Kong continues to grow, Tokyo declining

Key data for Asian stock markets

This Wednesday, the main Asian stock exchanges have experienced mixed performances. A large variation is to be reported in the market. Thus, in Hong Kong, the Hang Seng index rose by 1.08% to 29,962.47 points. This is despite the fact that large inflows continue to weigh on the capital of investors from mainland China.

Moreover, the performance of the Hang Seng is supported by the rebound of the Alibaba stock. For its part, the Shanghai Composite Index is also in the green. It rose by 0.47% to 3,583.09 points. The Shenzhen Composite Index also showed a clear improvement. The latter rose by 1.43% to 2,412.56 points.

On the other hand, in Tokyo, the performances are less interesting. In fact, the Tokyo market is in the red this Wednesday. The Nikkei index dropped 0.38% to 28.523,26 points. For its part, the expanded Topix index lost 0.34% to 1.849,58 points.


Tokyo influenced by U.S. news

On Wednesday, the Tokyo Stock Exchange followed the New York Stock Exchange during the session. However, it had ended Tuesday's session in the green. This performance was helped by the hearing in the Senate of the future US Treasury Secretary, Janet Yellen. Indeed, the latter gave her approval for an ambitious recovery plan.

However, the Tokyo market was unable to take advantage of other supporting factors to record its progress on the Asian stock markets on Wednesday. Moreover, it continues to be disturbed by the figures of the coronavirus pandemic in Japan and other countries around the world. In addition, Tokyo is stepping back in anticipation of the high-voltage inauguration of new US President Joe Biden.

On the one hand, there is the Covid 19 pandemic that continues to rage in the United States. On the other hand, the still fresh trauma of the Capitol riots two weeks ago continues to shock Americans. As a reminder, five people were killed in that demonstration.


On the side of values

The stock of Japan's leading airline ANA Holdings fell 3.35% to 2,232.5 yen. The group's activities continue to be disrupted by the continuing health crisis. This situation should force the company to announce a record loss for the first 9 months of its fiscal year 2020/21 (from April 1st).

The amount of this loss is estimated at more than 300 billion yen (2.4 billion euros), according to the Jiji press agency. Also, the group's poor performance on the stock market has affected the share of its main competitor Japan Airlines. The latter lost 1.76% to 1,888 yen.

For its part, the Alibaba share recorded a net increase of 8.52% in Hong Kong on Wednesday. Indeed, the session was marked by the reappearance of Jack Ma, the founder of the Chinese e-commerce giant.