Fri. Oct 30th, 2020

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Mainland stocks are downcasting

1 min read

Mainland stocks

Trading in Hong Kong was suspended on Tuesday due to Typhoon Nangka, while other Asia-Pacific markets were mixed.

Hong Kong Exchanges and Clearing announced Tuesday that trading in the securities and derivatives markets, including after-hours futures trading, have been cancelled for the full day due to the typhoon.

Mainland Chinese stocks were mixed by the afternoon, as the Shanghai composite shed about 0.3% while the Shenzhen component added 0.183%.

China’s exports and imports of goods hit a record in yuan-denominated terms in September.

In U.S. dollar terms, China’s exports rose 9.9% in September as compared to a year ago. That was close to expectations of a 10% year-on-year increase.

In Japan, the Nikkei 225 rose 0.11% while the Topix index traded 0.19% higher. South Korea’s Kospi declined 0.33%.

Shares in Australia led gains among the region’s major markets, as the S&P/ASX 200 gained about 1.27%.

MSCI’s broadest index of Asia-Pacific shares outside Japan was below the flatline.

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