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Technology stocks rebound in Asia-Pacific stock markets

By Mensholong Lepcha

04:52, 25 November 2021

Akihabara, Tokyo, Japan
Akihabara, Tokyo, Japan – Photo: Shutterstock

Technology stocks bounced back in major Asia-Pacific markets on Thursday following sharp declines in previous sessions.

Hong Kong’s Hang Seng TECH index rose 0.7% to 6,332.33 by Thursday lunch. Australia’s S&P/ASX All Technology index gained 1.4% to 3,142.80 by the afternoon session.

In Japan, tech startup investor SoftBank Group and electronics manufacturer Sony Group gained about 1.4% each to help the benchmark Nikkei 225 index up 0.8% by Thursday afternoon.

Asahi Kasei surges on hydrogen project reports

Japan-based chemicals producer Asahi Kasei was the second biggest gainer in Tokyo, up 4%, on reports that the company expects to put up one of the world’s largest hydrogen production systems by 2025.

In Hong Kong, the benchmark Hang Seng index inched 0.1% higher to 24,714.83 by lunch break on Thursday.

HK50

16,404.00 Price
-1.520% 1D Chg, %
Long position overnight fee -0.0260%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 30.0

US100

15,876.00 Price
+0.300% 1D Chg, %
Long position overnight fee -0.0263%
Short position overnight fee 0.0041%
Overnight fee time 22:00 (UTC)
Spread 7.0

DE40

16,528.10 Price
+0.560% 1D Chg, %
Long position overnight fee -0.0221%
Short position overnight fee -0.0001%
Overnight fee time 22:00 (UTC)
Spread 8.0

US30

36,125.30 Price
-0.180% 1D Chg, %
Long position overnight fee -0.0263%
Short position overnight fee 0.0041%
Overnight fee time 22:00 (UTC)
Spread 11.0

Property developer Kaisa Group’s stock surged over 18% to HKD1.2 after the company resumed trading following a near three-week-long trading halt.

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Aussie shares trade flat

Kaisa Group has offered existing bondholders to exchange their bonds for new notes with an extended maturity and terms.

In Australia, the benchmark S&P/ASX 200 index was close to flat by late afternoon trade on Thursday, as technology and mining gains were offset by energy and financial losses.

Aussie fintech firm EML Payments surged over 30% to AUD3.59 after the Central Bank of Ireland permitted the company’s Irish unit to sign new customers.

Read more : China’s economic progress not assessed by GDP growth in 2022

Markets in this article

AU200
Australia 200
7091.0 USD
1 +0.010%
AU200
Australia 200
7091.0 USD
1 +0.010%
AU200
Australia 200
7091.0 USD
1 +0.010%
AU200
Australia 200
7091.0 USD
1 +0.010%
AU200
Australia 200
7091.0 USD
1 +0.010%

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

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