Elaine rises to the election of Japan and Hong Kong shares to the highest level since 2021

The Japanese yen instead of part of its losses last week, while investors evaluate the defeat that the ruling coalition suffered in the Senate election that took place at the end of the week. At the same time, the shares in Hong Kong rose. The Japanese currency rose 0.7% against the dollar before its profits shrink. The yen fell over a two -week period, while the mortgage took off before the election, amid fear that the poor performance of Premier Shikiro Ishiba could open the door for more expenses and tax discounts. Although the ruling Liberal Democratic Party and his partner lost the majority in the council, the final result may be sufficient to keep Ishiba in his position. “Some investors have taken positions in anticipation of a greater setback for the coalition, and some of them expected the resignation of Ishiba. Demonstrate these centers, as well as the ease of markets to overcome a risky political event, which contributed to the initial reversal of the Jen.” The shares in Hong Kong have the highest closure of Hong Kong shares elsewhere, on the way to the registration of its highest closure since November 2021. The MSCI Asia and the Pacific Pacific fell by 0.1%as the shares in Australia and Taiwan decreased, while the counterpart in South Kora and Chinese Mainland. The futures for US indicators rose 0.1%, and oil rose 0.2%. Japanese markets close their doors on an official holiday on Monday, which means not to trade in local stocks or US context effects during Asian trading hours. The Japanese supplies futures dropped slightly. Ishiba said he intended to remain in office despite the defeat. Traders are focused on how to develop a state of political uncertainty, as it is the first time since 1955 that an ancient Japanese party leader without a majority in one of the legislative councils is at least. “The uncertainty usually tends to support the yen, at least in the beginning. In general, the election results are not positive news about Japanese origin, and we expect the yen’s strength to fall later,” said Rodrigo Catteriel, the National Australia Bank in Sydney. Japanese stock -ups see Deline Woo, the research strategy in the ‘Peppperstone group’, that the election results reduce the attraction of the Japanese market for world investors, at least in the short term. She said: “While investors accommodate political consequences, the demand for risk could fall more.” In a parallel context, US President Donald Trump rejected a report stating that Treasury Secretary Scott warned that the markets would negatively interact if Trump fired the president of federal reserve Jerome Powell. In a memorandum of clients, strategies in Barclays, including Thimstocles, Vototakis, have seen that the dismissal of Powell of the federal presidency remains an unbearable possibility, and even if it happens, it is difficult to suggest that the rest of the conservatives are in favor of interest if the economic scene is not justified. As far as customs duties are concerned, representatives of the European Union are expected to meet this week to develop a plan to respond to a possible scenario not to reach an agreement with Trump, whose negotiating position on customs duties can be seen that it can be tightened with the approaching date of the first of August. In addition, in June, China increased its export of rare mineral magnets, including to the United States, to a global supply crisis that threatened to close factories and woven trade tensions.