On Tuesday, Asian stocks benefited from the U.S. stock market. One day before on November 4, the S&P 500 reached a record high. According to the news, the U.S. officials may consider removing tariffs on $112 billion worth of Chinese goods. This news improved market sentiment.
Let’s get back to Asia. The Nikkei 225 index increased by 1.76% to 23,251.99. Another major Japanese index which is the Topix gained 1.66% and reached 1,694.16. At the same time, the shares of Softbank Group rose by 2.43%.
Another company from Japan which is the Fujifilm also has a good day, as its stock increased by 6.74% on November 5. It is important to mention that on Tuesday, Fujifilm made an announcement that the company is going to acquire Xerox’s stake. Fujifilm made the decision to buy the Xerox’s stake in the Fuji Xerox joint venture for $2.3 billion.
Mainland Chinese stocks also increased on Tuesday. The Shanghai Composite gained 0.54% is close to 2,991.56. Another Chinese index Shenzhen composite rose by 0.541% to around 1,655.60. The Shenzhen component increased by 0.71% to 9,938.61.
In Hong Kong, the Hang Seng Index added 0.18%.
In South Korea, the Kaspi index increased by 0.58% to 2,142.64.
Let’s have a look at another country from the Asia Pacific region which is Australia. The S&P/ASX 200 gained 0.15% and finished the trading day at 6,697.10.
Now it is time to discuss the European stocks. The German DAX index rose by 01.14% to 13154.21.
The French CAC 40 index gained 0.05% to 5827.39. Meanwhile, the U.K’s FTSE 100 index gained 0.41% to 7399.87.
The shares of Siemens Gamesa Renewable Energy declined on November 5. This happened after as the turbine maker stated it changed a forecast for the revenue. It had to lower this number due to the problems. Also, the company announced that it would reduce the number of white-collar employees by 600. The shares of Siemens Gamesa fell by 9% on Tuesday.