Asian equities closed today’s session on mixed notes as some equities rebounded from their losses amid the uncertainty over Turkish turmoil.August 15, 2018
Asian equities closed today’s session on mixed notes as some equities rebounded from their losses amid the uncertainty over Turkish turmoil.
In China both indices closed Tuesday’s session in the red where Shanghai Composite fell by 0.17 percent or 4.71 points to settle down at 2,781.16 while shanghai Shenzhen dropped by 0.51 percent or 17.23 points to end the session down at 3,373.11, both were pressured by the losses in Technology, Basic Materials and Consumer Cyclicals industries.
On the other hand, South Korean shares were higher today as KOSPI added 0.47 percent or 10.46 points to close the session in the green at 2,258.91 supported by the gains in most of the sectors especially in Energy and Insutrials shares.
Meanwhile, Hang Seng index was pressured by Industrials, Healthcare and Technology shares were it declined by 0.66 percent or 183.64 points to close the session lower at 27,752.93.
Looking at individual shares, Sunny Optical dropped by 24.07 percent after the firm stated its first-half results on Monday. Revenue for the period increased by $1.74 billion and net profit increased 2.5 percent, while net profit margin decreased.
Japanese Stock Market:
Japanese shares closed today’s trading session in the green as market’s main index Nikkei added 2.28 percent or 498.65 points to end the session up at 22,356.08 boosted by the agisn in all sectors.
Furukawa Co Ltd was the biggest gainer on the index as its share added 5.13 percent to trade at 1,785 followed by Suzuki Motor Corp as its stock increased by 5.12 percent or 367 to end up at 7,530 and Keio Corp advanced by 4.64 percent.
On the flip side, Sumco Corp was the biggest loser after its share declined 2.21 percent to trade up at 2,082.0 and Kobe Steel Ltd was the second worst performer as its share dropped by 1.53 percent to settle down at 965.
The major exporters, Panasonic added 1 percent, while Sony and Canon advanced almost 1 percent each. Mitsubishi Electric rose by 0.2 percent.
Among oil stocks, Inpex increased 0.1 percent and Japan Petroleum lost by almost 2 percent after crude oil prices declined overnight.
In the Forex market the Greenback rose against the Japanese Yen to trade higher at 110.88 USDJPY at 12:00 GMT
Australian Stock Market:
Australian shares were higher on Tuesday as markets main index S&P/ASX200 advanced by 0.76 percent or 47.40 points to end the session ion the green at 6,299.60 boosted by the gains in all sectors except the sector of Healthcare as it fell by 0.12 percent.
Afterpay Touch Group Ltd was the top performer on the index as its share added 5.82 percent followed by JB Hi-Fi Ltd as its stock advanced by 5.77 percent.
On the other hand, Challenger Ltd was the worst performer after its stock declined by 6.91 percent followed by Domino’s Pizza Enterprises Ltdafter its share plunged by 6.52 percent.
In the banking space, ANZ Banking, Commonwealth Bank, Westpac and NAB rose between 0.8 and 1.6 percent.
ANZ Banking said that its impaired assets fell 36 percent in the third quarter on stricter credit controls, but did not disclose profit or revenue figures in its quarterly update.
While among the major miners, BHP Billiton advanced more than 1 percent, Rio Tinto added 0.5 percent and Fortescue Metals was up 0.2 percent.
In the currency market, the Aussie fell against the US Dollar to trade at 0.72655 AUDUSD at 12:00 GMT.