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The indices of exchanges of the countries of the Asia-Pacific region (ACAP), which work on Monday, change in different directions during trading. While the Hong Kong and Japanese stock markets are trading in the red (which is alerting), the Australian indicator is higher. The exchanges in mainland China and South Korea are closed due to holidays in these countries.
Problems in global supply chains, which lead to shortages of certain goods in the market and higher prices for them, put significant pressure on investors. Hong Kong’s Hang Seng index dropped by 2.3% and is trading at almost the lowest level in the last 4 months.
Traders continue to monitor the situation around the debt problems of one of the largest Chinese developers, China Evergrande Group. Last week, the media reported that the developer missed the second consecutive coupon payment date to holders of the company’s dollar-denominated bonds. Evergrande and its subsidiary Evergrande Property Services Group were suspended on the Hong Kong Stock Exchange on Monday. The administration of the exchange, like representatives of the companies themselves, did not explain why such a measure was taken, Trading Economics reports.
Meanwhile, the situation is pushing down the quotations of shares of other companies traded on the Hong Kong Stock Exchange. The cost of the sporting goods manufacturer Anta Sports Products Ltd. falls by 5%, technology corporation Xiaomi Corp. (HK: 1810) – 4%, Internet company Meituan – 3.9%. The Japanese Nikkei 225 is down for the 5th session in a row and fell by 1%.
Japanese automaker Toyota Motor Corp (T: 7203). on Friday reported a decline in US car sales in the third quarter amid production cuts due to a shortage of semiconductor components. The company’s stock quotes are down 2%. Fujifilm Holdings Corp. Photo Processing Platform Cost declines 5.5%, technology corporation Panasonic Corp. (T: 6752) – by 4%. Australian S&P/ASX 200 climbed 1.2%. Commonwealth Bank of Australia rallied 5% after reporting that the bank successfully completed a $6 billion ($4.4 billion) share buyback program. The cost of mining BHP Group Ltd. is growing by 0.1%, while quotations of its competitor’s securities are decreasing by 0.04%.
The situation is unlikely to change in Hong Kong and Japan, for the time being, however, we clearly see positive signs in Australia, where the index grew sharply in the recent period.
