Asian stock indices started the fifth session of the week with mixed performance, with the performance of Japanese stock indices varying, and the Chinese and Australian stock indices declined, in addition to the Hang Seng index of Hong Kong stocks, while the Kospi index of South Korean stocks rose and the pulse of trading is absent from the New Zealand stock indices today, Monday Following the developments and economic data that we followed from the major Asian economies.
On the Australian economy, we followed the release of the services index by the Australian Industrial Group (AIG), which reflected a widening to a value of 61.2 compared to 61.0 last March, and this came before we witnessed the disclosure of labor market data with the release of the employment announcements index, which It showed an acceleration of growth to 7.9% compared to 4.9% last April.
This came before we witnessed by the Chinese economy, the largest economy in Asia and the second largest in the world, the release of the trade balance reading, which showed a widening of the surplus to 296 billion yuan, equivalent to 45.5 billion dollars, compared to 277 billion yuan, equivalent to 42.9 billion dollars in March, Outperforming expectations, which indicated a surplus of 266 billion yuan, equivalent to $50.5 billion, with export growth slowing more than expectations and import growth accelerating below expectations.
Japanese stock indices witnessed a mixed performance during today’s trading, as the broader Topix index in Japan decreased by 0.02% to lose 0.35 points and reach the level of 1,958.84, while the main Nikkei 225 index of Japanese stocks rose by 0.22% to gain 64.36 points and reach the level of 29,005.88.
As for the Chinese stock indices, they witnessed a decline during the trading session, as the CSI 300 index decreased by 0.58% to lose 30.49 points and reach the level of 5,251.79, and the Shanghai Index decreased by 0.12%, to lose also 4.36 points and reach the level of 3,587.48.
Looking at the Hang Seng Index of Hong Kong shares, it witnessed a decline of 0.72% to lose 209.52 points and reach the level of 28,708.58, while the Kospi index of South Korean shares rose 0.16% to gain 5.21 points and reached the level of 3,245.29, while the S&P/ASX 200 index of Australian shares declined 0.14% to lose 10.55 points and reaches the level of 7,284.80.