Moscow. November 20. Asian stocks weak change in the course of trading on Friday after essential growth the day before and finish the week in positive territory, reports Bloomberg.
On the eve of the composite index Asia Pacific MSCI Asia Pacific rose 1.9% after the minutes of the October meeting of the Federal reserve system, which assured investors that the U.S. Central Bank will raise interest rates gradually.
Japanese Nikkei 225 is lowered in the course of trading on Friday by 0.4% and the broader Topix by 0.3%. The Australian S&P/ASX 200 rose 0.3%, South Korean Kospi was virtually unchanged. China’s Shanghai Composite added 0.5%, the Hang Seng dropped 0.2%.
“The fed has clearly indicated that he is ready to raise rates in December, and if he don’t, the market will reflect it very strongly, said an analyst at IG Ltd. Evan Lucas. The week was a good week for the stock market, investors reacted to positive macroeconomic picture.”
Shares China Railway Construction Corp. and CRRC Corp. grow in the course of trading on 2% and 1.6% on rumors that China and Poland may sign an agreement on construction of high speed railway in the Eastern European country.
Securities price manufacturers China Molybdenum metals and Tongling Nonferrous Metals Co. jumped 10% on the background of rising prices for raw materials.
Meanwhile, the capitalization of Shenzhen Energy Group and PetroChina lowered by 1.9% and 0.6%, as crude oil quotations can finish in the red for the third consecutive week.