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Asian markets benefit from the Fed and Chinese factories



Shares rose in Asia on Thursday after a survey by Chinese producers showed that the factory activity improved slightly in December.

Japanese Nikkei 225 Index

NIK + 1.06%

increased by 1.2% and Hang Seng

HSI, + 1.08%

Hong Kong also increased by 1.2%. South Korean Kospi

SEU -0.06%

0.2%, while Australian S&P ASX 200 added

XJO -0.37%

increased by 0.1%. Shanghai Composite Index

SHCOMP, + 0.35%

increased by 0.6%, while the smaller housing of Shenzhen Composite

399106 -0.70%

increased in part. Shares in Taiwan were higher

Y9999, + 0.01%

Southeast Asia.

Samsung Electronics Co.

005930, -0.54%

said the last quarter's operating profit fell by almost 30% when it was seen that global demand for memory chips and smartphones is slowing down. It still finished a year with record profits, but Samsung said it expects the total annual revenue this year to fall due to the slow semiconductor market, although it sees it selling memory chips and organic LED panels used on mobile devices. in the second half.

At the same time, shares of the electronics maker TDK in Japan

6762 + 8.07%

and IT services company NEC

6701 + 7.04%

as well as shipping line Mitsui OSK

9104 + 4.51%

. Apple's Sunny Optical Supplier

2382 + 3.28%

grew up in Hong Kong with the casino operator Galaxy Entertainment

0027 + 5.68%

. Australian Energy Companies in Santos

STO, + 2.54%

and Woodside Petroleum

WPL, + 0.06%

rose like Beach Energy

BPT + 5.57%

, which increased the outlook for the production year.

US stocks that were higher on Wednesday after the Federal Reserve System pointed out that this could delay interest rate increases in the coming months, referring to quiet inflation. The S&P 500 index now begins by the end of January with the highest monthly growth over three years, and the benefits of Dow Jones Industrial Average for the first time since the beginning of December increased by 25,000 for the first time. S&P 500 Index

SPX + 1.55%

increased by 1.6% to 2.681.05. Dow Jones industry average

DJIA + 1.77%

reached 1.8% to 25.014.86. Nasdaq composite

COMP, + 2.20%

increased by 2.2% to 7,183.08.

In January, China's official production effort improved, but forecasts suggest that economic activity is still weak, as Chinese leaders are trying to solve the tariff struggle with Washington. The Purchasing Managers' Index, issued on Thursday by the government's statistical agency and industry group, increased by 0.1 points on a 100-point scale, but remained below the level of activity expansion. Employment and domestic demand measures worsened. China's economic growth in 2018 fell to thirty years, when activity slowed down in the last quarter of the year.

Trade talks began on Wednesday between the US and China, and will take place on the market during the rest of the week. The aim of the high-level negotiations is to resolve the months of trade war, which has led to concerns about slower economic growth. Industry and technology companies have warned of a slowdown in sales due to a trade impasse.

With pressure on the US economy – a global recession, a trade war with China, a nerve stock market – the Fed announced on Wednesday that it is not urgent to resume raising interest rates. With inflation persisting, the rationale for credit consolidation has become less convincing. "The situation requires patience," President Jerome Powell said at a press conference. "We have the luxury of being patient."

US Crude Oil

CLH9, + 0.09%

increased by 36 cents in electronic commerce on the Mercantile stock exchange in New York to $ 54.59 a barrel. On Wednesday it reached 1.7% in New York to pay $ 24.23 per barrel. Brent crude oil

LCOH9, + 0.41%

used to price international oil added 52 cents to $ 62.06 per barrel. It has increased by 0.5% to $ 61.65 per barrel in London.

The dollar

USDJPY, -0.40%

from 109.04 yen to 108.86 yen.

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