alexa certify
0

How Stocks in Asia-Pacific Reacted to Recent Events

There are various factors that have the ability to affect stocks. Interestingly, stocks in Asia-Pacific mostly rose on March 30, as investors watched the movement in shares of financial services firm Nomura after their Monday plunge.

It is worth noting that Nikkei 225 had a 0.16% addition to end its trading day at 29,432.70. In the meantime, the Topix index fell 0.78% to close at 1,977.86.

People should keep in mind that Japan’s retail sales declined 1.5% in February from a year earlier. This information came from a preliminary report released by the country’s Ministry of Economy, Trade, and Industry on Tuesday. Interestingly, this result surpassed expectations.

It is worth mentioning that shares of Japanese financial services firm Nomura continued to see losses as they dropped 0.66% on March 30. As a reminder, the firm’s stock declined more than 16% on Monday, after the company’s announcement. The company warned of a significant loss at one of its U.S. subsidiaries, resulting from transactions with a U.S. client.

Stocks and financial service firm Nomura

As mentioned earlier, investors monitored the movement in shares of  Nomura after their Monday plunge. Nomura began exiting positions with a large U.S. hedge fund that defaulted on margin calls last week. Interestingly, the financial services firm did not mention the fund. However, it’s been widely reported that Archegos Capital Management is the firm connected to the fire sale.

Let’s have a look at the mainland Chinese stocks to learn more about the situation. The Shanghai Composite added 0.62% to finish its trading day at 3,456.68. At the same time, the Shenzhen component gained 0.851% to 13,888.44.

Moreover, Hong Kong’s Hang Seng index was about 1% higher as of its final hour of trading.

South Korea’s Kospi added 1.12% to end its trading day at 3,070. In Australia, the S&P/ASX 200 fell 0.9% to close at 6,738.40.

  • Support
  • Platform
  • Spread
  • Trading Instrument
Comments Rating 0 (0 reviews)

Get the latest economy news, trading news, and Forex news on Finance Brokerage. Check out our comprehensive trading education and list of best Forex brokers list here. If you are interested in following the latest news on the topic, please follow Finance Brokerage on Google News.



You might also like

Leave a Reply

User Review
  • Support
    Sending
  • Platform
    Sending
  • Spread
    Sending
  • Trading Instrument
    Sending

Financebrokerage