Welcome to Extreme Investor Network, where we provide unique and valuable insights into the world of trading and the stock market. Today, we’re taking a closer look at the impact of China’s policy moves on the market.
Investors have viewed China’s recent policy measures as favorable for the real estate market, leading to a surge in the Hang Seng Mainland Properties Index (HMPI) by 30.64% in the week ending September 27. Notable stock gains were seen in companies like Longfor Group Holdings Ltd. (0960), Shimao Group Holdings Ltd. (0813), and Agile Group Holdings Ltd. (3383).
The tech sector also saw positive gains, with the Hang Seng Tech Index (HSTECH) ending the week up by 20.23%. Tech giants like Baidu (9888), Alibaba (9988), and Tencent (0700) all saw notable increases in their stock prices.
Additionally, China’s policy maneuvers drove buyer demand for commodities like iron ore and gold, with spot iron ore advancing by 15.62% and gold climbing by 1.38%.
In Australia, the ASX 200 experienced a modest increase of 0.03% for the week, with mining stocks like BHP Group Ltd. (BHP) and Rio Tinto Ltd. (RIO) benefiting from China’s policies.
In Japan, Tokyo-listed export stocks saw a boost as the weakening Yen increased demand for exports. Companies like Tokyo Electron (8035), Softbank (9984), Nissan Motor Corp. (7201), and Sony Corp. all saw gains for the week.
Looking ahead, it’s crucial for traders to stay informed with the latest news, real-time data, and expert commentary to adjust their trading strategies accordingly. Keep an eye on central bank policies and Beijing’s stimulus measures as they continue to impact the Asian equity markets.
For more in-depth analysis and expert insights, stay tuned to Extreme Investor Network for the latest updates on the stock market and trading trends.