Forex Analysis & Reviews: 01.02.2021 - Asia-Pacific stocks perk up:...

Live Chat

InstaForex Loprais Team - Official participant of the Dakar rally

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

Become Trader

Account Opening

See also

Trading Conditions

Forex Analytics

Charts

This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.

Start as Beginner

How to start trading

Useful information

Training and recordings

InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.

Become Investor

PAMM System

ForexCopy System

Passive investments

OYS account

Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.

Become Partner

Main Page

Partner Area

Advantages for Affiliates

Registration

This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.

All Promo Campaigns

Bonuses

Contests

Events

Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.

Full details

Forums

We are in social networks

Forex humour

Forex Portal

InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.

Learn More

History

Why Choose Us

InstaSport

Regulation

Company News

Awards

InstaForex Stars

InstaForex Offline

Headquarters

Key documents

Social Responsibility

InstaForex - Official partner of Dragon Racing

01.02.2021 03:07 PM

Asia-Pacific stocks perk up: major indexes are growing well

Asia-Pacific stock exchanges started the current trading week on a positive note. The major stock indexes are growing quite significantly amid reports that AstraZeneca will additionally increase the supply of its own vaccine against coronavirus.

According to the pharmaceutical giant AstraZeneca itself, it is ready to increase the supply of the drug against coronavirus infection to the European Union by another 30% during the first quarter of this year against the previously agreed amount. This equates to 9 million additional doses.

In addition to the vaccine, market participants are extremely interested in the fate of the negotiation process to decide on an expanded financial incentive program in the United States of America. Recall that the current US President Joe Biden has put forward a proposal to ratify a package of financial assistance totaling $1.9 trillion. However, for two weeks now no official decision has been made on this matter. Moreover, this measure has more opponents than supporters. In particular, a group of Republican senators is already openly insisting on a reduction in the amount of funding, which Biden is unlikely to do. Thus, market participants have less hope that the program will eventually be adopted.

Japan's Nikkei 225 Index rose 1.44%. The news on statistics added to the positive here. The level of the indicator of business activity in the country's industrial sector for the first month of 2021 slightly increased and reached the level of 49.8 points, which was estimated at 49.7 points. However, compared to December 2020, some decline was still recorded, since then the index was 50 points, which was its maximum value over the past almost one and a half years.

China's Shanghai Composite Index gained 0.47%. The Hong Kong Hang Seng Index followed suit and jumped even higher - 2.31%. At the same time, not too positive statistics could not lead the indicators astray.

In particular, the index in the processing industry sector of China for the first month of 2021 became significantly lower and reached 51.3 points compared to the previous 51.9 points. Moreover, this value has become the minimum over the past few months. And given that the holidays are ahead on the occasion of the Lunar New Year, the situation may become even worse. Meanwhile, analysts' preliminary forecasts were slightly better than real data: a fall was expected to no more than 51.5 points.

South Korea's KOSPI index increased quite significantly by 2.49%. The statistics here are more positive than in China. South Korea's industrial index managed to get up to 53.2 points, which was previously at 52.9 points.

Thus, the new indicator has become the maximum over the past ten years, which could not but delight investors. It is becoming clear that the country's economy is in an active phase of recovery after the crisis that arose against the background of the coronavirus pandemic.

Australia's S&P/ASX 200 Index climbed 0.84%. The growth was boosted by news about positive dynamics in the fight against the COVID-19 pandemic. Over the past two weeks, there have been no new residents infected with the infection in the state. Thus, the number of patients is controlled, which indicates the success of the policy pursued by the state authorities.

You have already liked this post today

*Disclaimer: The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.