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Asia-Pacific Stock Exchanges Close in Green Amid US Debt Ceiling Negotiations

Las stock exchanges in the Asia-Pacific region They have closed this Monday in green for the most part. Investors are still very aware of the US debt ceiling negotiations, which have resumed, and for the moment the good tone in the markets prevails. He Nikkei has returned to mark maximums and China has kept interest rates unchanged of the loans.

The index Hang Seng Hong Kong’s index is up 1.33%, leading gains in the region, while the Hang Seng Tech Index is up 2.46%. In mainland China, the Shanghai Composite has progressed slightly and the Shenzhen Component It rose 0.11%, after the People’s Bank of China (PBoC) decided to keep its prime rates on 1-year and 5-year loans unchanged for the ninth consecutive month.

Specifically, the interest rate on one-year loans has remained at 3.65% and that on five-year loans at 4.30%, in line with economists’ expectations.

In South Korea, the Kospi has rebounded 0.7% boosted by chipmakers, after Beijing said it would prohibit key infrastructure operators from buying Micron products.

He Nikkei 225 has gained 0.9% and has closed at 31,086.92 points and has set new 33-year highs, while the Topix It has risen 0.66% to end at 2,175.9 integers. The Japanese stock market thus marks its seventh day of gains, with the shares at their highest level since 1990. In fact, the Nikkei is up just over 20% so far this year.

In Australia, the S&P/ASX 200 It has been the only one that has distanced itself from the general trend and has closed in red. Specifically, it has fallen by 0.18%, ending Monday at 7,266.6 points.

2023-05-22 07:13:15
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