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Felicia Tan
in
Stocks
June 30 20:13

Asian market completes quarter with growth

On Tuesday morning, Asian stock indices rose and even prepared to end the last day of the second quarter with growth not seen since 2009.
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China's Shanghai Composite index rose 0.47% at 23:23 ET (04:23 UTC), while the Shenzhen Component index rose 1.50%, driven by the publication of higher-than-expected results for industrial purchasing managers at 50.9 in June. The indicator above 50 indicates growth, which continues for the second consecutive month...
Hong Kong's Hang Seng Index rose 0.91%, slightly losing from the initial growth after the National Congress Standing Committee of China passed the Hong Kong National Security Laws. Investors are watching the US reaction as Trade Secretary Wilbur Ross said on Wednesday that the US will suspend the preferential treatment rules for Hong Kong, including the exemption from export licenses.
Japan's Nikkei 225 index rose by 1.59%. The country's Ministry of Economy, Trade and Industry reported a decline in industrial production by 8.4% in May.
KOSPI index in South Korea rose by 1.38%, while Australian ASX 200 rose by 1.46%.
Positive data from China are overshadowed by an ever-growing number of virus victims. According to Johns Hopkins University, as of June 30, more than 10.2 million people were already registered in the world and more than 500 thousand people died.