Rise in Asian stock markets – around 50 Hong Kong shares suspended – E24

Easter begins with a rise on the majority of Asian stock exchanges. In Hong Kong, a large number of shares have been denied trading after not reporting the annual result in time.

Published: Published: Just now

Unlike in Norway, most stock exchanges around the world are also open on Maundy Thursday.

The Asian stock markets have started the day with a rise across the continent. The development comes after the Nasdaq in particular rose on Wall Street on Wednesday night.

The world’s largest chipmaker TSMC (Taiwan Semiconductor Manufacturing Co.), which is perhaps best known as Apple’s supplier, rose 2.5 percent on Thursday after the company announced a huge investment last night. Over the next three years, the company will invest 100 billion dollars, equivalent to 857 billion kroner, to expand the capacity at its factories, writes Reuters.

This is the development on the Asian stock exchanges at 07.30:

• The Nikkei 225 in Tokyo is up 0.7 percent
• Hang Seng in Hong Kong is up 0.92 percent
• Kospi in Seoul rises 0.59 percent
• Shanghai Composite is up 0.11 percent
• The FTSE Straits Times in Singapore is up 0.35 percent
• ASX 200 i Sydney steg 0,56 prosent

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On the Hong Kong Stock Exchange, around 50 companies’ shares have been suspended from trading until further notice. The reason is that the companies have not delivered the annual result by the end of March, according to Reuters.

The stock exchange’s regulations require that an annual result be delivered by the end of the first quarter, which the approximately 50 companies have not been able to do. The list of companies includes mostly relatively small shares, but also the solar energy company GCL-Poly Energy and the debt player China Huarong Asset Management are suspended from trading.

Most companies explain that the corona pandemic is the reason why the reports were not delivered on time.