Asian markets set for new gains, Nikkei225, Kospi with new records

Asian markets have remained largely on the rise since PBoC kept its interest rates on loans (LPR) unchanged.

Major Chinese stocks are up, with Shanghai Composite up more than 0.1%, Shenzhen Composite up 0.144%, and Shenzhen Component up 0.31%.

In Hong Kong, the Hang Seng index is partially declining as the index’s growth is limited by AIA shares, which are down more than 1%.

Japan’s Nikkei225 is up by 0.18%, although Fast Retailing’s stock is leading today with a fall of more than 1%. Topix is up 0.5%.

Kospi also recorded growth, with the broad index up 0.82%. The rally was led by Samsung Electronics, up 1.8% after the company announced structural changes.

In Australia we are also on the rise. The ASX200 is up 0.3%, with the post office all sectors in positive territory.

MSCI Asia ex-Japan index remained up 0.15%.

During the Asian session, the US dollar remained weak, the Japanese yen too, trading at 110.17. The Australian dollar is also down to $ 0.6879.

Oil prices are trading higher with BRENT up 1.06%, WTI up 0.99%.

 Trader Martin Nikolov

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