close up photo of monitor

This is How the Asian Markets Moved Yesterday

The Hang Seng Index, Hong Kong’s stock market, closed higher today as investors reacted to news that the People’s Bank of China issued a new round of stimulus measures. Among them, signs suggesting that the spread of COVID-19 in Shanghai and Beijing began to decline.

  • The Hang Seng Index closed at 20,276.17 points, up 329.81 points, or +1.65%.

The Shanghai Composite Index, China’s stock markets closed higher today. This is because investors are responding to signals that the Covid 19 epidemic in Shanghai and Beijing has begun to ease. Including news that the People’s Bank of China issued a new round of stimulus measures.

  • The Shanghai Composite Index closed at 2,975.48, up 17.20, or +0.58%.

South Korea’s composite index closed higher. The strong performance of listed companies helped offset investor concerns that the U.S. Federal Reserve (Fed) might raise interest rates by 0.5% at its May meeting, as well as economic volatility due to China’s lockdown and the energy crisis.

  • The South Korean Stock Exchange Composite Index (KOSPI) closed at 2,667.49, up 28.43.

SET index, Thai stock market today recovered after the major stock markets around the world sent positive signals. Investors responded to negative factors about the U.S. Federal Reserve (Fed) will moderately accelerate the rate hike. In addition, the performance of U.S. tech stocks proved to be good, which gave sentiment a positive outlook.

  • The SET index closed today at 1,667.74, up 5.85, or +0.35%.

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