Uncertain interest rates curb the gains of Japanese stocks, and the technology sector supports “European”


Japan’s Nikkei index rose at the close yesterday, after debt-laden Chinese real estate developer Evergrande made bond payments, but gains were limited by uncertainty about US interest rate hikes and anticipation ahead of Japan’s general elections and corporate earnings season.
And “Nikkei” rose 0.34 percent to close at 28,804.85 points, after increasing by 0.98 percent earlier in the session thanks to news that Evergrande had paid interest payments on bonds. The Nikkei was down 0.9 percent for the week.
The broader Topix index rose 0.7 percent to 2002.23 points.
Technology shares led the gains, with chip-related Tokyo Electron climbing 4.4 percent, Advantest adding 1.22 percent and Disco rising 2.99 percent after the company reported a 71 percent jump in operating profit during the first half of the year.
But Shuichi Arissawa, general manager of investment research at Iwai Cosmo Securities, said, “The market was affected by volatility outside Japan, as the Evergrande is still facing debt repayment, while oil prices remain high as well as the increase in the yield on US bonds.” .
The shares of Japan Post Holding Company fell 1.63 percent before the government sold its shares, which could withdraw about eight billion dollars in liquidity from the market.
In addition, European shares rose yesterday, as global sentiment received a boost from China’s Evergrande Group, while strong earnings for L’Oreal and gains in technology shares provided further support.
By 07:07 GMT, the Stoxx 600 index of European shares rose 0.2 percent, while Asian shares rose after news that the Chinese real estate developer transferred money to pay interest on dollar bonds, days before a deadline that would have entered the troubled company into an official default. .
The European Personal and Home Goods Index and the Technology Stock Index were among the top gainers, each gaining 0.7 percent.
Shares of French cosmetics company L’Oreal rose 5.4 percent after it reported strong profit growth thanks to demand for its luxury products and growth in China.
French “Renault” shares fell 1.2 percent after the car manufacturer said, “Production losses this year will be much larger than previous expectations due to the global shortage of chips.”
In contrast, the S&P 500 and Nasdaq fell in early trading on Wall Street yesterday, after chip maker Intel warned of falling profit margins while Snap led the decline among social media companies.
The Dow Jones Industrial Average rose 4.64 points, or 0.01 percent, to 35,607.72 points.
The Standard & Poor’s 500 Index fell at the opening 3.66 points, or 0.08 percent, to 4546.12 points, and the Nasdaq Composite Index fell 57.64 points, or 0.38 percent, to 15,158.07 points.
The media company of former US President Donald Trump was able to achieve great popularity among daily dealers, according to the “Bloomberg” news agency.
Digital World Acquisition Corp.’s stock has skyrocketed 1225 percent since it was announced that the company, a blank check known as special purpose buyout, would merge with Trump’s Media Technology Group.
The company’s share jumped nearly threefold to reach $131.9, when the US stock market opened yesterday morning, before trading was halted due to volatility after the share price increased fourfold the day before yesterday.
Trump supporters on social media pumped the stock on Reddit and Stocktwits, leading to a spike in trading.
Yesterday, the share of the Special Purpose Acquisition Company was at the top of the buying list on the Fidelity trading platform, with about 55 thousand purchase orders from consumers.
In this context, the general index of stock prices listed on the Jordanian Stock Exchange increased by 0.01 percent, to end the week’s trading at the level of 2110.8 points.
The daily average trading volume on the Amman Stock Exchange during the past week amounted to about 5.6 million Jordanian dinars, compared to 7.3 million Jordanian dinars the previous week, a decrease of 22.4 percent, while the total weekly trading volume amounted to about 22.4 million Jordanian dinars, compared to 36.3 million dinars for the previous week.
The number of traded shares recorded by the stock exchange during the past week reached 19.6 million shares, executed through 12,987 transactions.


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