Moscow. January 13. Asian stock markets, except China, are rising on Wednesday following the rally on the US stock market, reported Bloomberg.
The composite index of the Asia-Pacific region MSCI Asia Pacific has increased with the opening of the market by 1.8% after declining in the first seven trading sessions in a row, with the result that he fell to the weakest since November 2012.
China December exports increased for the first time in six months. Probably, this suggests that the weakening of the yuan started to increase the competitiveness of Chinese products, experts say.
“The data was worse than expected in the previous months, but this time they are good. Both exports and imports were better than expected, says analyst at Delta Asia Securities Ltd. Sam Chi Yung. Is positive for market sentiment. But is this trend sustainable?”
Japanese indexes Nikkei 225 and Topix at 7:53 Moscow time increased by respectively 2,67% 2,72%, and the rise of the market occurs for the first time since the beginning of this year.
“That’s a relief. We’ve been falling for seven consecutive days, and visible signals that Japanese stocks dropped too fast. This is the level at which we can expect a technical rebound,” said Manager of investment information at SMBC Nikko Securities Inc. Chihiro Ohta.
Hong Kong’s Hang Seng was up by 8:05 GMT on 2,38%, the indicator Australian S&P/ASX 200 – on 1,26%, South Korean Kospi – on 1,37%.
Share prices of China’s two largest insurers, China Life Insurance Co. and Ping An Insurance (Group) Co. raised in Hong Kong, respectively 3.8% and 3.7%.
The market value of a leading oil producer PetroChina Co the country. increased by 3.6%.
At the same time, the Chinese Shanghai Composite index to 8:06 Moscow time fell by 0.2% after rising early in the trading session. With rising shares of commodity companies, including steelmakers Baoshan Iron & Steel Co. (+6,2%) and Angang Steel Co. (+7.1 percent).