Asia-Pacific exchanges grow in the wake of rising risk sentiment in the markets

The main stock indexes in the Asia-Pacific region (APR) on Wednesday are growing steadily amid general market optimism and rising risk sentiment, according to trading data.

As of 7.34 Moscow time, the Shanghai Composite Index rose 0.51% to 2936.38 points, the Shenzhen Composite Index rose 0.58%, to 1857.39 points, the Hong Kong Hang Seng Index rose 1, 2% – up to 22483.37 points, Japanese Nikkei 225 index – 0.95%, up to 22537.33 points, South Korean KOSPI – 2.73%, up to 2144.23 points, Australian S & P / ASX 200 – 1, 23%, up to 5907 points.

Some of the Asian indices hit nearly a three-month high on Wednesday, as hopes for stimulation and further easing of restrictions around the world outweighed caution about concerns about coronavirus and unrest in the United States. So, the Japanese Nikkei has grown to its highest level since the end of February.

“Good times continue to come on risky asset markets,” Reuters quoted Mazen Issa, senior currency strategist at TD Securities, as saying.

At the same time, investors drew attention to statistics from China. Thus, the Caixin business publication data showed that the Business Activity Index (PMI) in the services sector of the Chinese economy in May rose to 55 points from 44.4 points a month earlier.

However, some analysts have warned that there are various risks that could hamper the global economy, including a second wave of COVID-19 infections, tensions in China and rising unrest in the United States.

“Stock markets are betting on a V-shaped recovery in July-September. But the gap between the stock market and the real economy is widening. Many company executives must now wonder why their companies are so growing,” said Mitsubishi senior investment analyst. UFJ Morgan Stanley Norihiro Fujito, whose opinion is also quoted by the agency.

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source: rambler