Asian equities ended today’s trading session in the red territories

Asian equities ended today’s trading session in the red territories

August 14, 2018 0 By Ali Hwary

Asian equities ended today’s trading session in the red territories as investor sentiment wobbled amid a renewed decline in the Turkish lira.

Hong Kong’s main benchmark Hang Sang fell by 1.52 percent to trade at 27,936.57 at the session’s close, pressured by Consumer Non-Cyclicals, Technology, and Consumer Cyclicals sectors.

Meanwhile, the South Korean benchmark KOSPI lost 1.5 percent to end the session at 2,248.45. Pressured by Healthcare sector which dropped by 3.81 percent and Basic Materials which declined by 2.15 percent.

Over in the Chinese Mainland, the Shanghai Composite fell by 0.32 percent to close the session at 2,786.25. Furthermore, the Shanghai Shenzhen lost by 0.43 percent to end the session in the red at 3390.34 pressured by Financials, Consumer Non-Cyclicals, and Energy sectors.

In terms of specific stocks news, Lotte Shopping tumbled 7.09 percent after the South Korean retailer reported a 17 percent drop in second-quarter profit, compared to one year ago.

Moreover, shares of China Huarong Asset Management dropped 4.1 percent in Hong Kong after said on Sunday that it expected a decrease in net profit.

Japanese Stock Market

Japanese stocks traded lower on today’s session to hit one-month low as the primary Japanese index Nikkei fell by nearly 2 percent to close in the red at 21,857.43. Pressured by Financials, Consumer Non-Cyclicals, and Energy sectors.

In stocks news, Giant Network Group was the worst performer in the session dropping nearly 10 percent followed by Shanxi Meijin Energy which fell by 3.05 percent.

On the other hand, Beijing Shiji Information Technology was the best performer in the session surging 8.91 percent followed by ZTE Corp which added 6.16 percent.

In the currency market, the Japanese Yen fell against the Greenback to trade in the red at 110.75 USDJPY at 12:00 GMT.

 

Australian Stock Market

Australian shares were lower on Monday’s session as the country’s main index S&P/ASX200 fell by 0.42 percent or 26.200 points to end the session in the red at 6,252.200. Pressured by Basic Materials, Consumer Cyclicals and Financials sectors.

BHP Billiton, Rio Tinto, Fortescue Metals Group and South32 lost 1-2 percent.

Among the big three banks, Banks ANZ, NAB and Westpac fell around 0.5 percent.

In the Forex Market, the Aussie rose against the Greenback to trade higher at 0.7286 AUDUSD at 12:00 GMT.

 

 

 

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