The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
The main indices of the Asia-Pacific region are trading mixed. Most of them show gains, including the Chinese Shanghai Composite and Shenzhen Composite indices, increasing by 1.11% and 0.82% respectively. The Korean KOSPI added 0.07% and the Japanese Nikkei 225 slightly jumped by 0.1%. Other indicators declined. The Hong Kong Hang Seng index fell by 0.16% and the Australian S&P/ASX 200 index lost 0.36%.
Investors show positive sentiment due to the information that the Chinese authorities intend to take measures to support the economy, affected by the previous restrictions related to COVID-19, the crisis in the real estate sector, as well as difficulties with electricity supplies.
In addition, the People's Bank of China considers lowering the reserve requirement ratio to 6% already this month. The decision follows the yuan dropping to its lowest level since 2020.
Among Chinese companies, the top losers were Zhongsheng Group HOLDINGS, Ltd., dropping by 4.9%, Alibaba Health Information Technology, Ltd., losing 4.3% as well as Nongfu Spring, Co., plunging by 2.6%.
Japan recorded a 3.4% increase in consumer spending in July. Although analysts expected a 4.2% rise.
Among the companies included in the Nikkei 225 index, Unitika, Ltd. became the top gainer and added 7.5%. At the same time, Tokyo Electric Power, Co. Holdings, Inc. decreased by 4%.
Other Japanese companies showed mixed performance. Thus, Fast Retailing was up 0.1%, while Nissan Motor dropped by 0.75%.
Among the largest South Korean companies, Samsung Electronics decreased by 0.18%, while Hyundai Motor rose by 0.25%.
The Reserve Bank of Australia decided to raise the interest rate by 0.5%, to 2.35% from 1.85%. The news was not quite encouraging for investors. This is the fourth hike in a row. In total, the rate has added 225 points or 2.25%. This is the highest increase in almost 30 years.
At the same time, Australian consumer confidence rose by 1.3% last week, logging a three-month high.
The country also recorded an increase in the current account surplus balance in April-June 2022 to A$18.3 billion against A$2.8 billion year-on-year.
Shares of the largest Australian companies declined. BHP lost 1% and Rio Tinto decreased by 1.1%.
Rio Tinto announced it reached an agreement in principle to buy the rest of Turquoise Hill Resources' shares to acquire full ownership of the company.
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।