FX168 Financial News Agency (Asia Pacific) reported that on Monday (November 18), asian stock markets rose slightly, driven by the increase in samsung electronics and the rise in the chinese stock market due to enhanced policy support signals.
The key index of regional stock markets rose 0.2%, boosted by the unexpected share buyback plan announced by samsung electronics, which significantly increased its stock price, benefiting south korea's largest company. At the same time, the stock markets in hong kong and mainland china rose after chinese securities regulators urged listed companies to increase their stocks' roi. #AsiaMarketInsights#
In these markets, concerns about donald trump's potential inflationary economic policies remain, while strong retail sales data in the usa on Friday decreased market expectations for a rate cut by the federal reserve.
Us stocks futures also rose, after the s&p 500 index fell 1.3% on Friday, wiping out more than half of the gains since the us election.
KGI Asia Ltd. investment strategy director kenny wen said: "Investors expect chinese companies to make efforts to enhance their market cap, resulting in inflow into related stocks. However, this may only provide short-term emotional support, as stock prices are ultimately determined by fundamentals."
In the forex market, the bloomberg dollar index remained stable. The yen fell after the governor of the bank of japan, kuroda haruhiko, stated that the timing of the next policy adjustment by the central bank will depend on economic and price conditions. The bank of japan will hold a meeting from December 18 to 19.
In corporate news, alibaba group holding limited plans to issue usd and rmb bonds to repay offshore debt and conduct a stock buyback. This action follows the record issuance of convertible bonds by the chinese technology giant earlier this year.
Gold prices rose more than 1%, reaching a peak of 2,597 usd, close to the 2,600 mark, rebounding after experiencing the most severe weekly decline since 2021 due to the softening dollar, as traders reassess the outlook for a rate cut by the federal reserve.
Looking at this week, banks in china are expected to maintain the loan market quote rate (LPR) unchanged after the rate cut in October. The central bank of indonesia will make a policy decision when the indonesian rupiah approaches the psychological key level of 16,000 indonesian rupiah to 1 usd, focusing on currency stability.
In addition, the upcoming inflation data from the united kingdom and the eurozone will help determine the policy outlook of the bank of england and the european central bank, and several central bank officials will also give speeches this week. Nvidia's financial report will test whether the ai-driven stocks can maintain their upward momentum.