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Stock market: Asia, elections effect in Japan, Tokyo + 2.61%

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Prince Charles pushes for green fashion.  Italian Marchetti (Yoox) leads the task force (ANSA)

(ANSA) – MILAN, 01 NOV – Largely positive price lists in Asia and the Pacific on the first day of the week that marks the beginning of November. Tokyo was particularly brilliant (+ 2.61%) after Sunday’s vote in Japan, which ended with the victory of the outgoing Prime Minister Fumio Kishida and the strengthening of the current governing coalition. Taiwan (+ 0.48%), Seoul (+ 0.28%) and Sidney (+ 0.64%) also performed well, Hong Kong (-1%), Shanghai (-0.08%) and Mumbai (+ 0.58%). Futures in Europe and the USA are positive pending the economic policy decisions of the central banks. After the ECB did so last Thursday, it is tomorrow’s turn to the Bank of Japan, followed on Wednesday 2 November by the Fed and the following day by the Bank of England. With the quarterly season still in progress and with the SME indices rising in China and Japan, similar indicators are expected today in the United Kingdom and the USA, where the ISM indices on employment and manufacturing orders are also on the way. October retail sales in Germany are also scheduled.

With crude oil still down (WTI -0.78% to 82.92 dollars a barrel) along with all metals, it pushed the Japanese market the yen’s drop to 114.39 against the dollar, favoring the stocks of large exporters such as Honda (+ 3.88%), Suzuki (+ 3.37%) and Toyota (+ 2.17%). Semiconductor manufacturers Advantest (+ 6%) after the half-year accounts, Tokyo Electron (+ 4.28%) and Screen Holdings (+ 4.35%), which raised their estimates for the entire year, were also in the spotlight. (HANDLE).

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Source From: Ansa

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