Yet another negative session for the Tokyo stock exchange, after three consecutive sessions of declines. The Nikkei 225 index marks a drop of half a percentage point, to around 32,530 points.
On the other hand, the Hong Kong stock market did well, rising by around 1.6% after five consecutive sessions of declines. Purchases also on the Shanghai Stock Exchange, which rises by more than 1%.
We look at the declarations made by the Chinese premier Li Qiang, on the occasion of the Annual Meeting of the New Champions event of the World Economic Forum.
“From what I see this year, China’s economy shows a clear momentum of recovery and improvement,” said the Chinese premier.
Li expressed confidence in China’s GDP ability to reach the target that the Beijing government has set for 2023, equal to a growth rate of 5%.
It should be noted that, during the first quarter of the year, China’s GDP expanded by 4.5%, better than expected. However, several macro data releases subsequently sent signs of weakness and a slower recovery from the lockdowns launched during the Zero Covid policy than had been hoped.
The conference organized by the World Economic Forum opened today in Tianjin, and will continue until the day after tomorrow, Thursday 29 June.
In Asia, purchases are held back in general by the negative closure of Wall Street on the eve.
The Nasdaq Composite was especially bad, losing 1.16%; the S&P 500 was down 0.45%, while the Dow Jones Industrial Average finished flat, down just -0.04%.
The Seoul Stock Exchange dropped about 0.20%.
On the other hand, the Sydney Stock Exchange did well, up by about 0.60%.
In pre-market, Dow Jones futures rose 0.21%, while S&P 500 and Nasdaq futures rose around 0.27%.