Monday, January 11, 2021
The stock market day
Asia stock exchanges slightly in the red
After the strong price gains on Friday, the stock exchanges in East Asia and Australia are mostly showing slight losses. The positive indications from the USA, where the S&P 500 and the Nasdaq Composite had risen to record highs again, initially boosted the indices in Asia, but they mostly turned into the red over the course of the year. Participants point to increased profit-taking after the recent significant markups. There is no trading in Tokyo due to a public holiday. The hope of a new economic stimulus package in the USA continues to provide support.
The Shanghai composite reduced by 0.2 percent to 3,563 points. It could be the beginning of a corrective movement, because after all, the Chinese market has grown very strongly since June 2020, according to Bohai Securities. The analysts advise caution, especially in sectors that are now valued at high levels.
The movements on the stock market are particularly violent Seoul out. Here, the Kospi initially climbed by over 3 percent with the positive Nasdaq targets, but gave up the markups again in the course of profit-taking and is currently 0.1 percent in the red. On Friday the index had already gained 3.8 percent.
In Sydney, where trading has already ended, the S & P / ASX 200 closed at a discount of 0.9 percent. Here, above all, the technology stocks showed clear losses