Monday, June 14, 2021

Asian markets end mixed

Asian markets ended mixed today. So Japan’s Nikkei-225 index rose 0.8 percent; Singapore’s Strait Times index inched up 0.3 percent and Hong Kong’s Hang Seng index ended with marginal gains. But China’s Shanghai Composite index fell 0.6 percent and South Korea’s Kospi index shed 0.2 percent.

In the Crypto-related news, Crypto related stocks fell as US Federal Reserve chief Jerome Powell said cryptocurrencies pose risks to financial stability and indicated that greater regulation may be warranted.

In Europe, London’s FTSE-100 had fallen 0.3 percent but France’s CAC-40 had inched up 0.3 percent and Germany’s DAX had gained 0.1 percent, in intra-day trade.

Meanwhile, IHS Markit’s survey showed euro zone business growth accelerated at its fastest pace in over three years in May, helped by a strong resurgence in the bloc’s dominant service industry as economies reopened.

The survey also showed supply bottlenecks in manufacturing led to production problems at a growing number of factories in Germany, pushing up factory input prices at a rate never seen before in the survey’s history.

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