[아시아증시] Decoupling with the US stock market… Hang Seng Index 1.7%↓

New York stock market rises due to Trump effect
Asian stock markets ‘decouple’ with the U.S.
Disappointment spreads over China’s economic stimulus package

On the 11th, Asian stock markets continued to show mixed moves with the New York stock market, which is hitting an all-time high. It is expected that the decoupling phenomenon will continue for the time being with the New York stock market, which has been hitting record highs one after another thanks to the Trump effect.

On this day, most representative indices of major Asian countries remained in the flat range. On the other hand, disappointment with the Chinese government’s economic stimulus package led to a sharp decline, especially among Chinese companies listed on the Hong Kong stock exchange.

According to Market Watch and Investing.com, Japan’s representative stock market Nikkei 225 (Nikkei) closed at 39,533.32, up 32.95 points (0.08%). Topix, which soared at the beginning of the opening, closed at a weak level, down 0.09%, as sell orders continued before the market closed. The closing price was 2739.68.

China’s Shanghai Composite Index closed at 3470.07, up 17.77 points (0.51%) from the previous trading day. The CSI 300 index, which consists of the top 300 stocks listed on the Shanghai and Shenzhen stock exchanges, also showed strong performance. It closed at 4131.13, up 0.66% from the previous trading day.

The Taiwanese stock index, which started lower on this day, managed to recover to the previous trading day’s level as buying pressure poured in ahead of the closing date. The closing price closed at 23,529.64, down 0.1%.

As of 4:25 PM our time, Hong Kong’s Hang Seng Index is closing at 20,360.17, down 1.78% from the previous trading day. At the same time, India’s Sensex index and Singapore’s ST Composite index began afternoon trading up 0.43% and 0.07%, respectively.

Japan’s Nikkei index plunged 0.5% compared to the previous trading day around noon, but then turned upward in the afternoon. Before the market closed, it barely recovered to the previous trading day’s level. There was a prime minister nomination election held in the plenary session of the House of Representatives (House of Representatives) and the House of Councilors (Senate), but Reuters analyzed that the results did not have much impact on the stock market.

In the Greater China stock market, the fall in Hong Kong’s Hang Seng Index was relatively large, and the mainland Chinese stock market and Taiwanese stock market combined to decline.

Reuters reported, based on the forecast of a Capital.com expert, that “investors who felt disappointed with China’s economic stimulus plan have withdrawn.” Furthermore, the news of Taiwan’s TSMC suspending production of products ordered in China also acted as downward pressure on major big tech companies listed on the Hong Kong stock exchange.

“The measures announced by China appear to be an effort to restore the government’s balance sheet rather than directly stimulate the economy,” said Kyle Rodda, a financial markets analyst at Capital.com. “It is undermining hopes for a strong recovery.”

Reuters said, “The Chinese financial authorities’ economic stimulus package did not meet investors’ expectations,” and “Hong Kong stocks led the decline in Asian stock markets on Monday, showing decoupling from the U.S. New York stock market, which hit an all-time high on the 8th. “He explained.

Meanwhile, KOSPI and KOSDAQ fell 1.15% and 1.96%, respectively.