Business is booming.

Asian stocks rose excluding India

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The US government has announced that some of its sanctions on China may be lifted or rates may be partially reduced as part of an effort with inflation. With the new type of coronavirus (Covid-19) epidemic in China, the measures taken in line with the effort were also gradually removed, while the risk appetite increased after these developments.

CONTRACTING IN CHINA SERVICE DEPARTMENT

On the other hand, although the May services division Purchasing Managers’ Index (PMI) in China pointed to the continuation of the contraction, it increased by 5.2 points compared to the previous month, which supported the stock markets.

With these developments, the Shanghai composite index in China increased by 1.3 percent to 3,236 points at the close.

While the Nikkei 225 index in Japan closed the day at 27,916 points with an increase of 0.6 percent, the dollar/yen parity is trading at 130.7, 0.1 percent below the previous close, after testing its highest level in a month with 131.

Hong Kong’s Hang Seng index was up 2.7 percent at 21,654 points, and India’s Sensex index was down 0.1 percent at 55,707 points.

In South Korean markets, there is no process due to the holiday.

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