Forex Analysis & Reviews: 16.11.2022 - And down again

Live Chat

InstaForex Loprais Team - Official participant of the Dakar rally

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

Become Trader

Account Opening

See also

Trading Conditions

Forex Analytics

Charts

This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.

Start as Beginner

How to start trading

Useful information

Training and recordings

InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.

Become Investor

PAMM System

ForexCopy System

Passive investments

OYS account

Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.

Become Partner

Main Page

Partner Area

Advantages for Affiliates

Registration

This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.

All Promo Campaigns

Bonuses

Contests

Events

Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.

Full details

Forums

We are in social networks

Forex humour

Forex Portal

InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.

Learn More

History

Why Choose Us

InstaSport

Regulation

Company News

Awards

InstaForex Stars

InstaForex Offline

Headquarters

Key documents

Social Responsibility

InstaForex - Official partner of Dragon Racing

16.11.2022 11:31 PM

And down again - Asia stock markets shows a decline

Asia stock markets were mostly down (up 1.3%). The Japanese Nikkei 225 added 0.2%. Other indices declined, with China's Shanghai Composite and Shenzhen Composite down 0.22% and 0.48% each. The Australian S&P/ASX 200 and the Korean KOSPI lost about the same amount – 0.36% and 0.54%, respectively. Hong Kong's Hang Seng Index fell the most, down 1.3%.

The main reason for investors' pessimism was the growing international tension. Investors were waiting for further developments on the world stage, so for now they are moving away from risk. Any sign indicating an escalation of the conflict will cause an immediate reaction from the markets.

The day before, there was a report of rocket attacks inflicted on the Polish village of Przewodow, as a result of which two people were killed. Initially, the Polish authorities indicated that the missiles were Russian-made, but later the country's leadership said that they did not have accurate information about the missile's ownership. The Ministry of Defense of the Russian Federation stated that on that day no strikes were made on targets in the area of the Ukrainian-Polish border.

The growth of the Japanese indicator was facilitated by an increase in the share price of the largest enterprises: Nichirei Corp., which grew by 4.1%, Pacific Metals, Co., increased by 3.4%, Japan Steel Works, Ltd., rose by 3.3%, as well as CyberAgent, Inc. and SoftBank Group, which added 3.2% and 2.6%, respectively. Nintendo and Fast Retailing also showed some growth, up 0.7% and 0.2%, respectively.

The largest declines on the stock exchange in Hong Kong were shown by shares of Country Garden Holdings, which fell by 16.3%, and Longfor Group Holdings, which decreased by 8.5%. The value of securities of Geely Automobile Holding (by 4.9%), Xiaomi (by 4.6%) and JD.com (by 4.1%) also fell.

Shares of Agile Group Holding, Ltd. fell immediately by 22% in the face of information from the company about the intention to carry out an additional issue of shares at a lower cost than their current market price.

At the same time, some of the Chinese companies are showing growth: Budweiser Brewing, Co. APAC added 4.1%, China Hongqiao Group, Ltd. increased by 2.6%, while PetroChina gained 1.8%.

With better-than-expected earnings and third-quarter earnings, Tencent Music Entertainment Group's stock jumped 26%.

Among the largest Korean companies, there is no single dynamics: the shares of Samsung Electronics, Co. added 0.3% in price, while Hyundai Motor decreased by 1.4%.

Components of the Australian S&P/ASX 200 were also mixed. BHP added 1.2%, Rio Tinto added 1.6%, Woodside Energy added 1.4% and Beach Energy added 0.4%.

At the same time, quotes of banking institutions showed a decrease: shares of Commonwealth Bank of Australia fell by 1.8%, National Australia Bank - by 0.6%, Westpac Banking - by 0.5%, and Australia & New Zealand Banking Group - by 0.3%.

You have already liked this post today

*Disclaimer: The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.