The news that US President Donald Trump was discharged from the hospital quickly spread outside of America. During the three days of hospitalization of the head of state, international markets were noticeably stormy, and their participants tried to refrain from taking decisive steps.
However, on Tuesday, all financial institutions are back to their usual rhythm of life due to the return of a rapidly recovering Donald Trump to the White House. Some even charged a fair portion of positive. Thus, on the morning of October 6, the main stock indices of the Asia-Pacific region (Asia-Pacific region) rose significantly following the markets of the United States.
Well, if we translate this emotional statement into numbers, we get the following: the Hong Kong Hang Seng Index rose by 0.75% (to 23946.97 points), the Australian S&P/ASX 200 – by 0.28% (to 5958.2 points), the Japanese Nikkei 225 – by 0.5% (to 23428.24 points), and the South Korean KOSPI – by 0.5% (to 2369.71 points).
For comparison, let's look at last week's data. At the end of trading last Wednesday, the Shanghai Composite index of the Shanghai stock exchange fell by 0.2% (to 3218.05 points), and the Shenzhen Composite exchange rose by 0.05% (to 2149.54 points).
The overall optimism in the Asian markets is supported by the dynamics of US indices, which showed an increase of 1.7-2.3% at the beginning of the week due to news about the emergency discharge of the US president from the hospital.
The recovery of Trump gives strength and hope to international markets, however, it does not relieve worries about a new package of stimulus for the US economy. The world expects to see it after the November elections. If the stimulus is approved, the optimism of the markets may increase even more, since the lion's share of support for the previous package has already expired.
Now, from global world news to local Asian news. Shares of Toshiba Corporation rose by 3.5% after the news of the world media that Kioxia Holdings (formerly known as Toshiba Memory) is going to list on the Tokyo stock exchange in December this year. Recall that the main profile of the company is the development of flash memory chips.