Asian and European stock markets

Asian and European stock markets

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 5stock market news 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.