Japanese and Chinese markets recorded gains in most of their major indices, with the exception of the Hang Seng Index, at the close of trading today, Monday, June 30, the opening session of the week and the closing session of June. This followed the gains of US indices, which reached record levels at the end of trading last Friday, with the Japanese Nikkei index recording its highest closing level since July of last year.
Global markets recovered from the Trump tariff shock, with the United States concluding agreements with its trading partners. As the truce date for countries approaches (July 9), countries are rushing to conclude a trade agreement with the White House, with the Canadian Prime Minister announcing the resumption of talks with Trump after the cancellation of the plan to impose taxes on American technology companies. In economic data released this morning, figures released by the National Bureau of Statistics in China showed that the official Purchasing Managers’ Index (PMI) for manufacturing improved to 49.7 in June, compared to 49.5 in May. This improved from expectations, but it remained below the 50-point threshold separating growth from contraction for the third consecutive month.
From Japan, factory production figures released by the Ministry of Trade and Industry came in at a slower-than-expected pace in June, rising 0.5% after a 1.1% decline in May. Expectations were for a 3.4% increase, as tariffs and the lack of an agreement with the US threaten Japan’s economic recovery and production plans.
The Nikkei index closed the session at 40,487 points, up 0.84%, or 336 points. The Topix index of the Tokyo Stock Exchange rose today by approximately 0.43%, closing at 2,852 points. Olympus and Tokyo Electric Power led the Nikkei’s gains, rising more than 5%. Chinese indices recorded gains in today’s opening session, with the broader Chinese CSI300 index rising by approximately 0.37% to close at 3,936 points, while the Shanghai Composite Index closed with gains of 0.59% at 3,444 points.
Hong Kong’s Hang Seng Index, the main index of the Hong Kong Stock Exchange, fell by approximately 0.87% to close at 24,072 points, with declines in Li Auto and Meituan leading the index’s losses, with declines of more than 2.5%.
Conversely, South Korea’s Kospi index rose by approximately 0.52% to close at 3,071 points.
India’s Sensex index fell by approximately 0.55% before closing at 82,606 points, while the Nifty 50 index fell by approximately 0.50% to close at 25,497 points. New Zealand stock markets closed with gains today, with the NZX50 index rising 0.15% to close at 12,602 points, while Australia’s ASX200 index rose 0.33% to close at 8,542 points. Singapore’s main index fell 0.10% in pre-market trading.