An metropolitan view of skyscrapers at sunset as seen from Hong Kong’s Victoria Peak.
Nurphoto|Nurphoto|Getty Images
Asia-Pacific stocks were mainly greater Wednesday as financiers evaluated business revenues and China’s efforts to boost its market.
DBS Group, Southeast Asia’s biggest bank, reported a 2% year-over-year boost in 4th quarter net revenue to $2.39 billion, while keeping its full-year net interest earnings projection for2024 Shares of the bank leapt 2%.
China’s most significant chipmaker SMIC stated Wednesday relentless worldwide macroeconomic headwinds and geopolitical stress might affect business in 2024, a day after it published a 54.7% drop in fourth-quarter revenue.
Shares of SMIC fell almost 5% in Hong Kong trading.
Electric lorries shares noted in Hong Kong increased after China’s commerce ministry launched a file that set out its prepare for “healthy development of new energy vehicles” in the nation.
South Korea’s Kospi leapt 0.95%, leading gains in Asia, while the Kosdaq got 0.48%.
In Australia, the S&P/ ASX 200 increased 0.45% and closed at 7,6158, a day after the nation’s reserve bank held rates at 4.35%.
Hong Kong’s Hang Seng index reversed gains to drop 0.34%, while the mainland Chinese CSI 300 increased 0.42%.
Japan’s Nikkei 225 fell about 0.18%, while the wider Topix inched 0.33% greater.
Overnight in the U.S., all 3 significant indexes made headway after a fresh batch of quarterly revenues, with the S&P 500 up 0.23%.
The Nasdaq Composite inched up 0.07%, while the Dow Jones Industrial Average leapt 0.37%.
— CNBC’s Samantha Subin and Hakyung Kim added to this report
