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Asian indices fall in trading

26 January 2021
1602
2 min.
18
Asian indices fall in trading

Trading is down

Today stock indices of Asia-Pacific countries are falling in trading. Traders continue to monitor the epidemiological situation in various countries, the progress of vaccination in the USA and also await the US Federal Reserve (Fed) meeting, the results of which will be summarised on Wednesday.

Japan's Nikkei 225 index was down 0.96%.

Shares of Tokyo Electric Power Co. Holdings Inc. led the gains, rising 5.4 percent. Camera maker Canon Inc. gained 4.6 percent and printer and watch maker Seiko Epson Corp. 3,9%.

Shares in steelmaker JFE Holdings Inc. are down 5.2 percent and miner Sumitomo Metal Mining Co. Ltd. down 5%. Online health care provider M3 Inc. is down 4.4 percent.

China's Shanghai Composite was down 1.33 per cent and Hong Kong's Hang Seng was down 2.33 per cent.

The shares of real estate developer Wharf Real Estate Investment Co. Ltd. (+3%). Geely Automobile Holdings Ltd. rose 1.3 percent and oil producer CNOOC Ltd. up 2.1%.

Shares of one of China's biggest players in Internet services Meituan are down 4.8%, Internet giant Tencent Holdings Ltd. by 4.4% and telecoms operator China Unicom (Hong Kong) Ltd. by 3.5%.

Chip maker Sunny Optical Technology Group Co. (-3.1%) and AAC Technologies Holdings Inc. (-2,9%).

South Korea's Kospi index was down 1.80%.

South Korea's economy grew 1.1% in Q4 2020 compared with the previous three months, preliminary data from the Bank of Korea showed. On an annualised basis, the economy fell by 1.4% after declining by 1.1% in the previous quarter. South Korea's 2020 GDP contracted by 1 per cent, the worst result since 1998, MarketWatch wrote.

The market value of one of the world's biggest chip makers Samsung (KS:005930) Electronics Co. is down 2.9 per cent on Tuesday, while car maker Hyundai Motor is down 2.7 per cent.

Companies18 in the news

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