Asian, as well as the European stock indexes, increased on November 5.
For example, the German DAX index increased by 01.14% to 13154.21.
The U.K’s FTSE 100 index rose by 0.41% to 7399.87. The French CAC 40 index added 0.05% to 5827.39.
On Tuesday, the shares of Siemens Gamesa Renewable Energy fell by 9%. The Siemens Gamesa had to lower its forecast regarding the revenue. Also, the company made the decision to reduce the number of white-collar employees by 600.
Asian stocks on November 5
As mentioned above, Asian stocks strengthened their positions on Tuesday. One of the primary reasons why this happened was that the U.S. stocks had a great day on Monday.
On November 4, the S&P 500 reached a record high. U.S. officials may consider removing tariffs on $112 billion worth of Chinese goods. They are ready to make this decision to reach a final agreement regarding the “phase one” trade deal.
In Japan, the Nikkei 225 index rose by 1.76% to 23,251.99. The Topix index added 1.66% and reached 1,694.16. The shares of Softbank Group rose by 2.43%.
Fujifilm also had a good day, as its stock increased by 6.74% on Tuesday. On November 5, Fujifilm announced that the company would acquire Xerox’s stake in a joint venture. Fujifilm made the decision to buy the Xerox’s stake in the Fuji Xerox for $2.3 billion.
In China, mainland stocks rose on Tuesday. The Shanghai Composite gained 0.54% is close to 2,991.56. Meanwhile, Shenzhen composite increased by 0.541% to around 1,655.60. The Shenzhen component gained 0.71% to 9,938.61.
In Hong Kong, the Hang Seng Index added 0.18%.
Another Asian economic power, which is South Korea also achieved better results as its Kaspi index increased by 0.58% to 2,142.64.
Last but not least is the news from the Asia Pacific region. Australia’s S&P/ASX 200 added 0.15% and finished the trading day at 6,697.10.
