Stock indices of Asia-Pacific countries did not demonstrate uniform dynamics

Stock indices of Asia-Pacific countries did not demonstrate uniform dynamics Stock indices of the countries of the Asia-Pacific Region (APR) did not show uniform dynamics in trading on Wednesday. Increased hopes for the possibility of new stimulus measures in the United States were a positive factor for the markets.

Meanwhile, investors have taken a wait-and-see attitude due to repeated failed attempts by the US authorities to agree on additional support measures, writes MarketWatch.

A bipartisan group of US congressmen has proposed a new stimulus package worth more than $ 900 billion. Federal Reserve Chairman Jerome Powell and US Treasury Secretary Stephen Mnuchin, who spoke on Tuesday to the Senate Banking Committee, expressed support for the proposal. However, Senate Majority Leader Mitch McConnell favored a smaller package..

Equities rally in recent weeks as investors focus on the possibility that coronavirus vaccines launch a broader global economic recovery.

The European Medicines Agency (EMA) has announced that it is beginning to review applications for an expedited approval for two COVID-19 vaccines, co-produced by Pfizer (NYSE: PFE) and BioNTech (NASDAQ: BNTX), and Moderna (NASDAQ: MRNA) Inc..

Japanese Nikkei 225 Index climbed 0.05% up to 29-year high.

The top performers were Fujikura Ltd. shares, which gained 7.4%. Honda Motor Co stock price (T: 7267). Ltd. rose 5.1%, Yokohama Rubber Co. Ltd. - by 4.6%.

Meanwhile, shares in Asia's largest apparel retailer Fast Retailing fell 0.4%, and investment technology SoftBank Group dropped 0.6%..

China's Shanghai Composite Index Down 0.07%, Hong Kong's Hang Seng Down 0.13%.

Shares of the Chinese electronics manufacturer Xiaomi Corp. lost 7.07% in price. The company plans to raise about $ 4 billion through the placement of convertible bonds and shares. The company intends to use the raised funds to replenish working capital, as well as invest in key markets, Xiaomi said in a statement..

Geely Automobile Holdings Ltd. fell 4.16%, biopharmaceutical company Sino Biopharmaceutical Ltd. - by 3.34%.

The market value of Internet giant Tencent Holdings declined 0.7%. Online retailer Alibaba (NYSE: BABA) Group Holding Ltd. decreased by 0.8%.

South Korean Kospi Index climbs 1.6%.

Consumer prices in South Korea rose 0.6% on an annualized basis in November after rising 0.1% a month earlier. Analysts on average forecast a 0.9% price increase, according to Trading Economics. On a monthly basis, consumer prices fell 0.1% after falling 0.6%. The consensus forecast of experts provided for an increase in the indicator by 0.2%.

Market value of one of the world's largest chipmakers Samsung (KS: 005930) Electronics Co. increased by 2.5%, car manufacturer Hyundai Motor - decreased by 0.5%.

Australian S&P / ASX 200 Down 0.03% Down.

Australia's GDP grew 3.3% qoq in the third quarter after falling by a record 7% three months earlier. Analysts predicted an average growth of 2.6% for the economy, Trading Economics reported. At the same time, quarterly GDP growth was recorded for the first time since the fourth quarter of 2019, the growth rate became the highest since 1976.

Capitalization of the world's largest mining companies BHP and Rio Tinto (LON: RIO) increased by 1.95% and 1.98%, respectively.

Westpac shares gained 0.1%. The Australian bank will sell its general insurance division to Allianz (DE: ALVG) SE for A $ 725 million ($ 534.4 million). Westpac announced that it will enter into an exclusive 20-year agreement to distribute Allianz products to bank customers.