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European stocks start higher after yesterday’s losses

The European stock markets have begun the session this Thursday on the rise. It happened after the losses registered yesterday due to the fear of the increase in inflation.

At the opening of the market, Frankfurt had fallen by 0.77%. Paris dropped by 0.66%; London lost 0.50%; Milan yielded 0.42%, and Madrid decreased by 0.29%.

Investors fear that a price rebound will force central banks to start withdrawing monetary stimulus ahead of time.

 

Fed minutes send the Seoul Stock Exchange down by 0.34%

The Seoul Stock Exchange closed today with a fall of the Kospi, its primary indicator, by 0.34%. It was a result of the Fed fueling fear to a change in monetary policy.

The selective South Korean Kospi lost 10.77 points on Thursday to stand at 3,162.28 units. Meanwhile, the Kosdaq technology stock index advanced by 0.21%, or 2.03 points, to close at 971.13 units.

Foreign and institutional investors were net sellers on the day.

Technology giant Samsung Electronics, the chipmaker with the largest capitalization in Seoul, fell by 0.13% today. On the other hand, SK Hynix, the world’s second-largest chipmaker, gained 1.24%.

In the biopharmaceutical sector, Samsung Biologics dropped by 0.34%, and its competitor, the giant Celltrion, depreciated 0.74%.

In contrast, the largest South Korean internet portal operator, Naver, rose by 0.43%. Kakao, the country’s primary instant messaging application operator, increased its value by 0.44%.

The primary car manufacturer in the country, Hyundai Motor, lost 2.81% of its value.

 

The Hang Seng slipped by 0.5%

The Hang Seng, the main benchmark index of the Hong Kong Stock Exchange, closed this Thursday with losses of 0.5%. It was weighed down by declines in energy companies and bank securities.

Selective Hong Kong finished at 28,450.29 points, while the Hang Seng China Enterprises lost 0.11%.

Two of the four sub-indices of the Hong Kong stock closed in red: Finance (1.33%) and Real Estate (0.22%). On the other hand, Commerce and Industries and Services added 0.13% today.

 

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