(RTTNews) – Asian stock markets became complicated on Tuesday because investors ignored Wall Street’s weak night signs. Continued optimism that progress in the progression of coronavirus vaccines would boost the speed of economic recovery has stimulated markets. at a faster speed in November also boosted markets.
The Australian market is on the rise despite negative Signals from Wall Street. News that Western Australia will reopen its borders with Victoria and New South Wales from 8 December has also fueled confidence.
Investors are now eagerly awaiting the Reserve Bank of Australia’s financial policy decision, which will be presented later in the day. The RBA is expected to keep its benchmark interest rate unchanged by 0. 10% record.
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Australia’s monetary regulator, APRA, said it would take action against Westpac after the bank breached liquidity criteria similar to financing and lending products. exit from its liquidity policy index.
Gold miners are particularly high despite lower night gold costs, while Evolution Mining and Newcrest Mining are higher by more than 2% each.
Among the major miners, Rio Tinto rose by almost 1% and BHP Group added 0. 2%, while Fortescue Metals fell by 0. 1%.
Oil inventories are also sometimes high after crude oil costs reduced losses and closed the fall overnight. Santos added 0. 6% and Oil Search increased by 0. 4%, while Woodside Petroleum lost nearly 2%.
The Australian Bureau of Statistics reported that the total number of building permits issued in Australia in October increased by 3. 8% seasonally adjusted in line with the month to 16,584, which exceeded expectations of a 3. 0% decrease after the 16. 2% peak in September.
The Japanese market is also developing as opposed to a backdrop of progressive appetite.
The Nikkei 225 benchmark added 377. 46 points, or 1. 43%, to 26,811. 08, having peaked at 26,827. 47 earlier. The Japanese market fell on Monday after 4 days of profit.
The market’s heavyweight, SoftBank Group, grew by more than 1% and Fast Retailing by nearly 2%. In generation space, Tokyo Electron gained nearly 3% and Advantest added more than 2%.
In the banking sector, Sumitomo Mitsui Financial was up 0. 1%, while Mitsubishi UFJ Financial was down 0. 4%. Among automakers, Honda is 0. 6% higher and Toyota adds 0. 3%.
Among the other big winners, NTN Corp. wins more than 9%, Furukawa Electric is 9% higher and Sumco Corp. has grown by almost 7%. Toppan Printing and Asahi Kasei are only 4% higher each.
By contrast, Tokyo Gas lost about 5%, Rakuten decreased by more than 4% and Fuji Electric dropped by approximately 4%.
On the economic front, Jibun Bank’s most recent survey found that Japan’s production sector continued to contract in November, albeit at a slower pace, with a production PMI of 49. 0, representing an increase since October 48. 7, remaining below the 50-times expansion or slowdown line separating expansion from contraction.
In foreign exchange markets, the US dollar is traded Tuesday at the fall of 104 yen.
In the rest of Asia, Malaysia grew by more than 2%, while South Korea, Shanghai and Indonesia grew by more than 1% each. Singapore, Hong Kong and Taiwan are also higher. Against the trend, New Zealand is falling slightly.
On Wall Street, stocks closed with a fall on Monday, partly reflecting profit-making after market strength in recent sessions. A negative sentiment could also have been generated in reaction to a report by the National Association of Real Estate Agents indicating that sales of outstanding homes in the United States declined in October. A Reuters report that Trump’s management is ready to take China’s leading SMIC chip manufacturer and national offshore oil and fuel manufacturer CNOOC to a blacklist of alleged Chinese army corporations that have also influenced them. Markets.
The Dow Jones fell 271. 73 points, or 0. 9%, to 2,9639. 64, the Nasdaq fell 7. 11 points, or 0. 1%, to 12198. 74 and the S
Crude oil futures cut initial losses and ended with the fall on Monday as investors eagerly awaited the final results of an OPEC assembly and its allies. WTI crude oil for delivery in January fell $0. 19, or about 0. 4%, to $45. 34 a barrel.