The stock exchanges in the Far East are mostly slightly in the red. weigh on the mood negative guidance from the US stock exchanges, which fell more sharply on Wednesday in response to hawkish comments from Federal Reserve officials. However, initially larger price losses in Asia have decreased significantly following the futures on the US stock indices turned positive. The Chinese stock exchanges have even moved into positive territory. Here investors are betting on a recovery of the domestic economy following the end of the pandemic restrictions.
In shanghai wins the Composite-Index 0.9 percent. The Hang-Seng-Index gains 1.0 percent in Hong Kong. The sub-index of technology stocks is 1.8 percent ahead. On the Tokyo Stock Exchange is the Nikkei-225-Index only minimally.
Support comes from surprisingly good figures from the automaker Toyota (+0.6%) submitted. The group also confirmed its profit and sales forecast. On the other hand, the numbers of the telecommunications group are negative Nippon Telegraph & Telephone (-0.7%) included.
In Seoul, South Korea, the leading index Kospi has almost entirely recouped its losses and is trending little changed. Among the individual values, SK Innovation improved by 2.6 percent. The company released fourth quarter figures and canceled the planned battery joint venture in Turkey. Netmarble also gain 2.4 percent according to the figures.
Here’s how Wall Street fared the day before:
