empty
18.10.2021 10:32 AM
Most Asian stock markets are trading in the red

This image is no longer relevant

The volume of GDP in July-September increased by 4.9% compared with the same period last year, which was the weakest rise in a year, according to data from the State Statistical Office of the PRC. Many experts predicted a slowdown in the growth of the Chinese economy in the third quarter, but it turned out to be more significant than expected. The consensus forecast of experts interviewed by The Wall Street Journal envisaged an increase in China's GDP by 5.1%.

The volume of industrial production in the PRC in September increased by 3.1% in annual terms after rising by 5.3% a month earlier. Analysts on average had forecast an increase of 4.5%. September growth was the weakest since July 2020.

Nonetheless, retail sales in the country last month beat analysts' forecasts and increased 4.4% compared to the same month in 2020. Experts surveyed by Trading Economics, on average, expected retail sales growth to accelerate to 3.3% last month from 2.5% in August.

The Hong Kong Hang Seng index by 8:30 GMT + 3 fell by 0.5%, the Chinese Shanghai Composite fell by 0.4%.

Tech company values fall: Meituan declines 2.9%, Tencent Holdings Ltd. dropped 1.4%, Alibaba Group Holding Ltd. fell by 1%.

At the same time, oil and gas stocks traded in positive territory in Hong Kong on Monday amid the continuing rise in oil prices, CNOOC Ltd. (+1.5), PetroChina Co. Ltd. (+ 1.4%), China Petroleum & Chemical Corp. (+1.3).

Japanese Nikkei 225 at 8:40 GMT + 3 decreased by 0.2%.

Technological Panasonic Corp. shares declined on the Japanese stock exchange. (-0.6%) and Sony Group Corp. (-1.7%), but shares of automakers Nissan Motor Co. are getting more expensive. Ltd. (+ 0.5%) and Mitsubishi Motors Corp. (+ 1.6%), Toyota Motor Corp (T: 7203). (+ 2.2%).

South Korean indicator Kospi dropped 0.2% by 8:45 GMT + 3.

Chip manufacturers SK Hynix Inc. and Samsung Electronics are down 1.2% and 0.5%, respectively; the country's largest automakers Kia Corp. and Hyundai Motor Co. Ltd. grow by 0.5%.

Australia's S & P / ASX 200 adds 0.3%.

Mining Shares Rising: Rio Tinto Ltd. - by 2%, Fortescue Metals Group Ltd. - by 1%, BHP Group Ltd. - by 0.9%.

Thomas Frank,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Dow sheds nearly 2% as Wolfspeed, Target, and UnitedHealth drag market into crisis

Indices: The Dow plunged 1.91%, the S&P 500 dropped 1.61%, and the Nasdaq fell 1.41%. Wolfspeed tumbled following reports of a potential bankruptcy. Target sank after cutting its full-year sales

13:01 2025-05-22 UTC+2

US Market News Digest for May 22

Google shares posted a confident advance, driven by positive technical signals. Anticipating a continued uptrend, investors are setting target levels at 176.80, 186.27, and 194.41, making the stock appealing

Ekaterina Kiseleva 12:44 2025-05-22 UTC+2

Dow drops nearly 2% as Wolfspeed, Target, UnitedHealth plunge market into crisis

Indices: Dow down 1.91%, S&P 500 down 1.61%, Nasdaq down 1.41% Wolfspeed falls after bankruptcy report Target falls after cutting full-year sales forecast UnitedHealth falls after secret payment report, HSBC

Thomas Frank 10:06 2025-05-22 UTC+2

The Pound in a Trap: Why UK Inflation Is Scarier Than a US Recession

A new chapter is beginning on the currency market, and the British pound appears to be writing it. April's inflation data came as a real shock to investors: the UK's

Anna Zotova 00:05 2025-05-22 UTC+2

Falling indices, Tesla's surge, and Julius Baer's collapse: a day of sharp contrasts in the markets

Rge benchmark stock indices are falling: * Dow -0.27%, * S&P 500 -0.39%, * Nasdaq -0.38% Tesla is rising after Musk announced his willingness to return as CEO. Home Depot

12:40 2025-05-21 UTC+2

US Market News Digest for May 21

Following a staggering $8.6 trillion rally, the US market is showing signs of fatigue. Despite negative macroeconomic indicators and the recent US credit rating downgrade, Morgan Stanley maintains a bold

Ekaterina Kiseleva 12:23 2025-05-21 UTC+2

The Dollar Is No Longer King. What You Need to Know

Historically, the U.S. dollar has been the primary safe haven during crises such as wars, sanctions, and banking shocks; investors tend to flock to the dollar as their ultimate safety

Anna Zotova 00:59 2025-05-21 UTC+2

US Market News Digest for May 20

Despite the downgrade of the US credit rating and rising Treasury yields, retail investors remain active buyers of equities. Net purchases have surged to a record $4 billion, signaling confidence

Ekaterina Kiseleva 12:16 2025-05-20 UTC+2

Market Gains Modestly: Dow +0.32%, Nasdaq +0.02%, but Novavax Soars After Vaccine Approval

Dow Up 0.32%, S&P 500 Up 0.09%, Nasdaq Up 0.02% TXNM Energy Rises After Blackstone Deal Novavax Jumps After FDA Approval of Coronavirus Vaccine European Stocks Rise Slightly, as Utilities

Thomas Frank 11:18 2025-05-20 UTC+2

Bitcoin: What to Expect This Week. BTC Hits $107,000 – Can the Record Hold?

The leading cryptocurrency is fighting to maintain its position, even though it's not always smooth sailing. Currently, BTC is out in front, slightly simplifying the task of holding higher ground

Larisa Kolesnikova 00:40 2025-05-20 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.