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Stock market: optimism in Asia after Wall Street, Tokyo + 1.42%

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Usa, CEO fires 900 employees via Zoom (ANSA)

(ANSA) – MILAN, 08 DEC – Optimism prevailed on the main Asian markets after the rally that made European and American lists recover the levels of last November 24th. Brilliant Tokyo (+ 1.42%), followed by Sidney (+ 1.25%) and Shanghai (+ 1.18%), while Taiwan (+ 0.2%) and Seoul (+ 0.34%) are more cautious . Hong Kong (+ 0.02%), Mumbai (+ 1.52%) and Singapore (-0.16%) are still open. Futures on Europe were negative, while contracts on US price lists were positive. After the decline beyond the estimates of the Japanese GDP (-3.6% on an annual basis), an intervention by the ECB President Christine Lagarde is expected in Europe and the optimism of small businesses, weekly mortgage requests and stocks are expected in the US of crude oil according to the Energy Information Administration.

Oil is down despite the unexpected drop in US inventories anticipated yesterday by the API. Natural gas rose (+ 2.96% to 98.72 euros per MWh), as well as metals with the exception of steel (-0.34% to 4.424 dollars a ton). The dollar was weak against the euro and the yen, while it was stable against the pound.

New rise for the stocks of semiconductor manufacturers, from Tokyo Electron (+ 2.81%) to Advantest (+ 2.26%) and Screen Holdings (+ 1.89%). The IT equipment sector was also highlighted with Tdk (+ 3.6%) and Omron (+ 3.64%).

Yet another slip by Evergrande (-5.46%) on the Hong Kong market. (HANDLE).

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Source From: Ansa

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