Small losses at Asian stock exchanges, Kospi index up driven by the good news from North Korea


The stock exchange in Japan closed on Wednesday with a close loss. Investors remained cautious due to an increase in the number of corona infections in the Japanese capital, Tokyo. Better-than-expected US macroeconomic data and higher closing positions on Wall Street, on the other hand, provided some support for trade.

The leading Nikkei in Tokyo eventually ended 0.1 percent in the minus at 22,534.32 points. Heavyweight SoftBank lost 1.8 percent. According to Reuters news agency, the Japanese telecom group will sell its interest in the American mobile telecom provider T-Mobile US for $ 103 per share. The sale would bring the ailing company $ 13.8 billion.

The Chinese stock markets showed small gains. The main index in Shanghai gained 0.3 percent in the plus and the Hang Seng index in Hong Kong gained 0.1 percent. The Australian All Ordinaries in Sydney climbed 0.3 percent.

The Kospi in Seoul was a positive outlier with a 1.6 percent profit. The news that North Korean dictator Kim Jong-un has decided to suspend military plans for action against South Korea has brought relief to investors. Tensions between the two Koreas had intensified recently as the North blew up a joint liaison office on its side of the border last week.


Please enter your comment!
Please enter your name here