AEX shows great resilience with Prosus in the lead | Financial

The AEX index gains momentum in the afternoon and ends 1.4% higher at 747.7 points. This has almost completely eliminated the recent slump. The AMX is up 0.3% at 1056.3 points.

‘Relief after Hong Kong’s higher lock’

According to investment strategist Simon Wiersma (ING), investors at Beursplein 5 are taking advantage of the recovery movement at the Hong Kong stock exchange, which has plummeted in previous trading days due to concerns about the Chinese government that wants to exercise more control over its own tech giants. “There was relief in the market that the downturn did not continue there.” Stock exchange trading in Amsterdam is also still under the spell of quarterly figures. Good results from the European banking sector also contributed to the strong rally in prices. For example, Deutsche Bank and Barclays received a cheerful reception. “However, companies such as Vopak that are somewhat disappointing are severely punished,” Wiersma observes.

Investors are also awaiting Fed Chair Jerome Powell, who will explain the US interest rate decision tonight. According to Wiersma, the big question is whether the US central bank will signal whether it will reduce its bond-buying program. “And if that so-called ‘tapering’ is postponed, what is the reason? That’s what investors are looking at tonight.”

Tech investor scrambles in the AEX Prosus up with a 6.6% share price jump after the share price plunge in the past two days due to concerns about the intervention of the Chinese government in the participation Tencent.

Chip funds are also predominantly in the forefront. Iron sprint forward 4.7%. ASML sees the price increase by 3.1%.

ASMI wipes out the loss and climbs 0.5%. The chip supplier warned Tuesday evening about supply chain disruptions. ASMI’s order intake rose to a record in the past quarter. But according to ASMI chief executive Benjamin Loh, customers were pushing forward orders that were actually supposed to come in in the third quarter.

For real estate group Unibail investors have 3.2% more left.

KPN (+2.1%) is on the rise for the second consecutive day. The telecom group released better-than-expected quarterly figures on Tuesday and announced for €200 million worth of shares to buy.

The AMX contains a gym chain Basic-Fit (+4.1%) at the top. Vopak however, makes a shift of 5.9%. The tank storage group saw profits slump in the past quarter due to an extra debit on the activities in Panama.

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