Stock Market

Stock markets in Japan and Australia are growing, some exchanges are closed due to the weekend

Stock indices in Japan and Australia are rising in trading on Monday against the backdrop of growth in the US stock market at the end of last week.

Exchanges in China, Hong Kong and South Korea are closed. China celebrates the autumnal equinox, while Korea celebrates Chuseok.

American stock indexes closed trading on Friday with active growth, ending the first week of the last four in positive territory. Investors followed the statements of the world’s central banks and signals about global inflation.

This week, market participants are waiting for data from the US Department of Labor on the dynamics of consumer prices in August, which will be published on Tuesday, as well as data on industrial production, retail sales and capital investment in China in August, which will be released on Friday.

Meanwhile, outbreaks of coronavirus in China and the restrictive measures introduced in connection with them remain a cause for concern, writes MarketWatch.

Read also:  Nearly 90% of U.S. stocks fall below their offering price in 2021

The Japanese Nikkei 225 rose by 1.05% by 8:09 Moscow time.

The growth leaders among the components of the index are the shares of the retailer Isetan Mitsukoshi Holdings Ltd (+4.5%), providing online medical services M3 Inc . (TYO:2413) (+4.04%) and cybersecurity software developer Trend Micro Inc. (+3.2%).

Asia’s largest clothing retailer Fast Retailing (TYO:9983) is up 1.95%, while automotive Nissan Motor Co. (TYO:7201) – by 2.5%.

The Australian indicator S&P/ASX 200 has gained 1.07% since the market opened.

The market value of the world’s largest mining companies BHP and Rio Tinto (LON:RIO) increased by 3.5% and 1.6%, respectively.

Commonwealth Bank of Australia (ASX:CBA) up 1%, Westpac Banking Corp. (ASX:WBC) – by 1.2%, Australia & New Zealand Banking Group Ltd. (ASX:ANZ) – by 1.6%.

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