HK jumps nearly 2pct as Asia-Pacific stocks rise; bitcoin bounces back

23-Jul-2021 Intellasia | CNBC | 5:02 AM Print This Post

Shares in Asia-Pacific were higher on Thursday, with markets in Japan closed for a holiday.

Hong Kong’s Hang Seng index was among the biggest gainers regionally, rising 1.83 percent to close at 27,723.84. Shares of China Evergrande Group surged 7.87%. Those gains came after the indebted developer announced it has solved legal disputes with China Guangfa Bank, according to Reuters.

Mainland Chinese stocks closed higher, with the Shanghai composite climbing 0.34 percent to 3,574.73 while the Shenzhen component rose 0.326 percent to 15,262.19.

South Korea’s Kospi gained 1.07 percent to close at 3,250.21.

Elsewhere, the S&P/ASX 200 in Australia advanced 1.06 percent to finish the trading day at 7,386.40. Shares of major miner BHP soared 3.13 percent after the firm announced Thursday the signing of a nickel supply agreement with Tesla.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.25%.

Markets in Japan were closed on Thursday for a holiday.

Meanwhile, the price of bitcoin rebounded after recently falling below the $30,000 mark. It traded at $32,095.86 as of 4:05 a.m. ET Thursday, according to Coin Metrics.

Overnight stateside, the Dow Jones Industrial Average gained 286.01 points to 34,798 while the S&P 500 rose 0.82 percent to 4,358.69. The Nasdaq Composite advanced 0.92 percent to 14,631.95.

Currencies and oil

The US dollar index, which tracks the greenback against a basket of its peers, was at 92.758 after a recent fall from above 93.

The Japanese yen traded at 110.34 per dollar, weaker than levels below 109.5 seen against the greenback earlier this week. The Australian dollar changed hands at $0.7365, still above levels below $0.732 seen yesterday.

Oil prices were higher in the afternoon of Asia trading hours on Thursday, with international benchmark Brent crude futures rising 0.12 percent to $72.32 per barrel. US crude futures advanced 0.18 percent to $70.43 per barrel.


Category: Hong Kong

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