The most important Asian stock markets were mostly friendly at the beginning of the week. While Japan and China's mainland stock exchanges went up, Hong Kong posted a slight loss.
The news that US President Donald Trump has now implemented a corona stimulus package decided by Congress with a bipartisan majority proved to be a course support. In doing so, he also released part of the federal government's budget of around 1.4 trillion dollars – otherwise there would have been a so-called “shutdown” on Tuesday, i.e. an at least partial standstill in the authorities and government business.
The Chinese Shanghai Composite strengthened slightly by 0.02 percent to 3,397.29 points. The Hang Seng Index in the Hong Kong Special Administrative Region fell 0.27 percent to 26,314.63 points.
The Japanese Nikkei 225 closed 0.74 percent stronger at 26,854.03 points. The fact that Japanese industrial production surprisingly stagnated in November after a five-month recovery left the leading Tokyo index cold.
Alibaba stocks fell almost eight percent in Hong Kong, even though Amazon competitor had increased its share buyback program from six to ten billion US dollars. The internet giant is under increasing pressure from the Chinese competition watchdog. The Chinese central bank asked the company Ant Group of the investor Jack Ma to concentrate on its original core business again.
