The most Asian stock
indices increased, following U.S. equity indexes. The Dow Jones and S&P 500
closed at all-time highs, supported by expectation that U.S. economy is
improving.
The
weaker-than-expected economic data in China had a negative impact on stock markets. Retail
sales in China increased 11.9% in April, from a 12.2% rise in March. Analysts
had expected an increase of 12.2%. China’s industrial production rose 8.7% in
April, from an 8.8% rise in March. Analysts had forecasted an increase of 8.9%.
Fixed asset investment in China climbed 17.3% in April, from a 17.6% gain in
March. Analysts had expected a 17.8% rise.
The
Japanese index Nikkei 225 profited from the weak yen due to decreasing demand
for the safe-haven currency.
Indexes on
the close:
Nikkei
225 14,425.44 +275.92 +1.95%
Hang
Seng 22,352.38 +90.77 +0.41%
Shanghai
Composite 2,050.73
-2.14 -0.10%
Nissan
Motor Co. shares climbed 5.1%, beating estimates of its full-year profit.
Sharp increased
5.0% after the company forecast that the profit would nearly triple in the
current fiscal year.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.