Shares on the stock exchanges in China, Hong Kong and Tokyo strengthened at the beginning of the last week of August. Medical and technological degrees grew in particular. The development of a pandemic in China also poured optimism into the veins of investors.
The main and aggregate index of the Shanghai Stock Exchange strengthened by about 1.5 percent on Monday. The actions were helped by the fact that the authorities did not report any new case of covidem infection. This happened for the first time since July, and according to experts, it could mean that the local epidemic, which broke out just last month, is in decline. Investors also praised regulators’ signs of greater financial market liberalization.
Trade in Hong Kong was traded in a similar vein. The aggregate Hang Seng index gained more than one percent there on Monday, rebounding from a ten-month low, which it approached last week. Technological and pharmaceutical titles grew the most. The index mapping the development of shares of healthcare companies gained almost five percent, which is the highest daily increase since the end of July.
The Tokyo Nikkei index strengthened by 1.78 percent as it rebounded from its lowest level since last December. The stock market in the Japanese capital was driven mainly by shares of car manufacturers.
