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Asian exchanges did not found single direction on Tuesday trading

Asian exchanges

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Asian exchanges did not found single direction on Tuesday trading against Wall Street’s negative sentiment.
The Japanese blue chip index Nikkei 225 rose by 0.86% to 22,278.12 points, while broader Topix recorded an increase of 1.08%.
In South Korea, the Kospi index moved on red with 0.40% to 2,464.14 points. The shares of chip maker SK Hynix declined by 2.61%, although the company responded to market expectations for its financial results and reported a 77% increase in its operating profit in the first quarter of the year. The reason for the withdrawal of investors is the warning of the world’s largest chip maker Taiwan Semiconductor Manufacturing to slow down the growth of smartphone chip sales. However, the company explained that the delay could be offset by higher demand for server chips and others. Samsung Electronics also reported a 2.77% decline in its stock price.
On the Hong Kong stock exchange, Hang Seng managed to add 0.96% to its value to 30,546.32 points. In the mainland, the mood was also positive and the Shanghai Composite rose by 1.99% to 3,128.93 points.
The Australian index S&P/ASX 200 rose by 0.60% to 5,921.55 points, with most sectors performing well. The financial sector reported an increase of 0.99% after the shares of most banks in the country appreciated. ANZ, Commonwealth Bank and Westpac reported increases of 0.67%, 1.09% and 1.11% respecitvely. Most mining companies, however, finished trading on red territory, with Rio Tinto falling by 2.62% and Fortescue by 2.35%.
In Taiwan, Taiex index wiped out 1.10% of its value to 10,579.50 points
Analysts at the Singapore Bank OCBC believe that the market mood during Asian trade has been driven by a number of factors, including higher yields on US government bonds, mixed data from the reporting season, alleviated sanctions against the Russian Rusal aluminum producer and others.