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APR stock exchanges fluctuate on multidirectional factors

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Asia-Pacific (APAC) stock indexes showed no unified dynamics on Thursday as investors continue to assess economic prospects, as well as the outcome of the Bank of Japan meeting and macro statistics, trading data show. 

The Shanghai Composite Index was down 0.42% to 3,290.8 points, the Shenzhen Composite was down 0.06% to 2,209.17 points and Hong Kong Hang Seng Index was down 1.35% to 2,608.29 points. South Korea’s KOSPI was up 0.71% to 2403.72 points. The Australian S&P/ASX 200 was up 0.08% to 6764.5 points; the Japanese Nikkei 225 was up 0.22% to 27740.5 points.

Traders in the region estimate multidirectional factors of the market, which does not give a unified direction to the trades. Thus, among investors there are fears for the prospects of the economy on the background of the situation with the coronavirus in China.

At the same time, bidders estimate the decision of the Bank of Japan to keep the discount rate at the negative level – minus 0.1%. The regulator also lowered the forecast of the country’s GDP growth in the current fiscal year to 2.4%. In April; the growth of 2.9% was expected; at the same time the inflation forecast was raised to 2.3% from 1.9%.

Traders also paid attention to the statistics on Japan. Thus, imports in the country in June rose by 46.1% year-on-year against the forecast of 45.7%; exports rose by 19.4%, while growth by 17.5% was expected.

Wall Street also provided support to the indices. On Wednesday the US stock indices rose within 1.5%.

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