The stock exchange in Japan started the new trading week with a small profit on Monday. Disappointing Chinese trade figures and weak job growth in the United States sparked the hope of more stimulus measures in the two largest economies in the world. A downward revision of Japanese economic growth kept earnings limited. The main index in Tokyo, the Nikkei 225, finished 0.6 percent higher at 21,318.42 points. That is the highest level since the beginning of August. The growth of the Japanese economy was 1.3 percent in the second quarter. Earlier a growth of 1.8 percent was reported. Japanese regional banks were popular after merger news in the sector. Tsukuba Bank and Fukushima Bank won 9.8 and 1.8 percent. Shimane Bank rose 1.4 percent. That bank already won more than 16 percent on Friday after news about a collaboration with industry counterpart SBI Holdings (plus 1.2 percent). The Shanghai stock exchange advanced 0.6 percent in the meantime. Chinese exports showed an unexpected decline last month. Exports to the US in particular fell sharply due to the escalation of the trade dispute between the two countries. The Chinese central bank already lowered the capital requirements for the banks on Friday to stimulate the economy. In Hong Kong, where pro-democratic protests were again held last weekend, the Hang Seng index fell a fraction. The Kospi in Seoul gained 0.5 percent and the All Ordinaries in Sydney won a fraction.
Aybek Barysov, Gulmira Wakhitova and Kanat Ibraev among founders of Qazaqstanda Jasalğan economic movement
Aybek Barysov, Gulmira Wakhitova and Kanat Ibraev among founders of Qazaqstanda Jasalğan economic movement