MARKETS ASIA / Shanghai weak – copper price very firm | 02/22/21

0
6


SHANGHAI / TOKYO (Dow Jones) – No uniform trend emerged on the stock exchanges in East Asia and Australia on Monday.  The  markets continued to move in the area of ​​tension between the burden of rising yields and the hope of an economic recovery thanks to government stimuli and more relaxed worldwide Monetary policy. © www.de24.news

 The  focus was also on the vaccination campaigns and the falling number of new infections.

On the Japanese market, the Nikkei-225 rose 0.5 percent to 30,156 points. According to media reports, vaccination of older people is scheduled to start in early April, albeit at a slower pace because Pfizer production is delayed.

© www.de24.news

 The  market in Shanghai had to cope with a more pronounced loss of 1.4 percent, depressed by tourism stocks. China Tourism Group Duty Free whizzed 8.9 percent down. Participants cited the fact that Beijing tightened its monetary policy after the New Year celebrations as a negative factor. KGI Securities expects this to limit price gains in the Shanghai and Hong Kong markets in the near future. It was recently around 0.6 percent in the red.

On the Korean market, the index turned opening gains even more clearly into the red. © www.de24.news

 The  leading index was initially driven by auto and technology stocks, encouraged by preliminary trade data, which showed a jump in export volume of 17 percent year-on-year for the first twenty days in February. © www.de24.news

 The  share of the botox manufacturer Daewoong Pharmaceutical rose 13 percent after the US partner settled a legal dispute with competitors.

Commodity stocks rise with commodity prices

Lotte Chemical could prove to be profiting from supply chain problems in Texas because of the cold weather, Meritz Securities experts said. Higher prices for chemical products can be expected. © www.de24.news

 The  share gained 2.5 percent.

© www.de24.news

 The  share of the mobile phone manufacturer Xiaomi was last 5 percent in the red after strong premiums on Friday. © www.de24.news

 The  fantasy about an automobile project of the company has evaporated with a denial.

© www.de24.news

 The  commodities rally continued and mainly drove copper values. © www.de24.news

 The  price of copper rose above $ 9,000 per metric ton for the first time since 2011. Jiangxi Copper defended 16 percent. In Sydney, Rio Tinto and BHP gained over 3 percent.

===

Index (stock exchange) last +/-%% YTD end

S&P/ASX 200 (Sydney) 6.780,90 -0,19% +2,94% 06:00

Nikkei-225 (Tokio) 30.156,03 + 0,46% + 9,38% 07:00

Kospi (Seoul) 3.079,75 -0,90% +7,18% 07:00

Shanghai Comp. 3,642.44 -1.45% + 4.88% 08:00

Hang-Seng (Hongk.) 30,457.49 -0.61% + 12.57% 09:00

Taiex (Taiwan) 16.410,16 +0,42% +11,39% 06:30

Straits-Times (Sing.) 2.889,82 +0,32% +1,30% 10:00

KLCI (Malaysia) 1.577.25 -0.48% -2.60% 10:00

BSE (Mumbai) 50.134,15 -1,48% + 4,73% 11:00

Forex last +/-% 00:00 Thu, 8:21% YTD

EUR/USD 1,2106 -0,1% 1,2123 1,2104 -0,9%

EUR/JPY 128,02 +0,1% 127,89 127,84 +1,5%

EUR/GBP 0,8657 +0,1% 0,8649 0,8659 -3,1%

GBP/USD 1,3983 -0,2% 1,4015 1,3978 +2,3%

USD/JPY 105,75 +0,2% 105,51 105,62 +2,4%

USD/KRW 1113,12 +0,7% 1105,00 1106,71 +2,5%

USD/CNY 6,4679 +0,2% 6,4577 6,4641 -0,9%

USD / CNH 6,4698 + 0.3% 6,4509 6.4539 -0.5%

USD/HKD 7,7534 +0,0% 7,7533 7,7530 +0,0%

AUD/USD 0,7859 -0,2% 0,7871 0,7795 +2,0%

NZD / USD 0.7290 -0.1% 0.7296 0.7237 + 1.5%

Bitcoin

BTC / USD 56,355.00 -1.8% 57,390.50 51,716.50 + 94.0%

ROHOEL zuletzt VT-Settl. +/- % +/- USD % YTD

WTI/Nymex 59,96 59,24 +1,2% 0,72 +23,3%

Brent/ICE 63,55 62,91 +1,0% 0,64 +22,9%

METALS last previous day +/-% +/- USD% YTD

Gold (Spot) 1.791,40 1.784,00 +0,4% +7,40 -5,6%

Silver (spot) 27.40 27.28 + 0.5% +0.13 + 3.8%

Platinum (Spot) 1.281.15 1.279.03 + 0.2% + 2.13 + 19.7%

Kupfer-Future 4,15 4,07 +1,9% +0,08 +17,9%

===

Contact the author: [email protected]

DJG / raz / gos

(END) Dow Jones Newswires

February 22, 2021 02:50 ET (07:50 GMT)





[ source link ]
https://www.finanzen.at/nachrichten/rohstoffe/maerkte-asien-schanghai-schwach-kupferpreis-sehr-fest-1030106425

MARKETS ASIA Shanghai weak copper price firm

LEAVE A REPLY

Please enter your comment!
Please enter your name here