On the 18th, major Asian stock markets showed mixed flows.
The Tokyo Stock Exchange Nikkei 225 Index closed at 26,724.06 in the morning, up 0.27% from the previous trading day.
On the same day, the Japanese stock market started lower right after the opening, as selling to take profit began to pour in. Since then, the New York Stock Exchange in the United States followed the uptrend overnight and turned to an uptrend. The New York stock market continued an upward rally on the 17th on the news that Russia averted the default crisis by paying interest on the 16th treasury bond in dollars. The Dow closed 1.23%, the Standard & Poors 500 rose 1.23%, and the Nasdaq Composite rose 1.33%.
However, the extent of the increase is limited. The Nihon Keizai Shimbun explained, “There are many investors who want to realize a profit first as the Nikkei index rose by nearly 1,500 points over the past four trading days in anticipation of progress in negotiations between Russia and Ukraine.”
The Greater China stock market is down. The Shanghai Composite Index in mainland China fell 0.06% at 11:30 a.m. Korean time, pointing to 3213.20, moving in a flat area. Also, take-for-profit selling is more dominant. At the same time, the Hong Kong Hang Seng Index fell 1.9% to 21,092.74. It is believed to be the result of a sharp close for the past two days in a row.