Asian markets were mixed on Friday’s session as investors are watching any development regarding U.S-China trade war.

Asian markets were mixed on Friday’s session as investors are watching any development regarding U.S-China trade war.

September 8, 2018 0 By Ali Hwary

Asian markets were mixed on Friday’s session as investors are watching any development regarding U.S-China trade war.

Over in China, the Shanghai Composite rose by 0.40 percent to close the session in the green at 2,702.30 boosted by the gains in Consumer Non-Cyclicals, Healthcare and Basic Materials sectors. Furthermore, the smaller Shenzhen Composite added 0.105 percent or 1.57 points to end the session up at 1,498.52 supported by all sectors except the sectors of Telecoms and Technology.

Moreover, Hong Kong’s main benchmark Hang Seng edged down by 0.01 percent or 1.35 points to trade at 26,973.47 at the close. The index was pressured by the losses in Consumer Cyclicals and financials sectors, while the gains in Consumer Non-Cyclicals, Healthcare and Industries.

To continue with, in South Korea, the KOSPI index closed the session in the red as it fell by 0.26 percent to end the session at 2,281.58 due to the losses in Technology, and Consumer Non-Cyclicals sectors.

 

Japanese Stock Market:

Japan’s equities were trading lower on today’s session as Nikkei225 fell by 0.80 percent to end the session lower at 22,307.06 pressured by the losses in Energy, Basic Materials and Technology sectors.

In stocks news, Kansai Electric Power Co Inc was the top performer in the market as its share surged by 3.51 percent to end up at 1,609 followed by Chubu Electric Power Co Inc that gained 3.26 percent to settle at 1,6717.5.

On the flip side, Screen Holdings Co Ltd and Advantest Corp were the worst performers in the market as they fell by 7.96 percent and 7.17 percent respectively.

Major exporters are mostly down on a stronger Yen. Sony, Canon, and Mitsubishi Electric, and Panasonic fell by more than 1 percent.

In the Forex market, the Greenback rose against the Japanese Yen to trade at 110.821 USDJPY at 11:00 GMT.

 

Australian Stock Market:

The Australian’s main index S&P/ASX200 traded lower by 0.27 to close the session in the red at 6,1438.00 due to the losses in Technology and Healthcare and Energy sectors.

Among shares, Galaxy Resources Ltd rose by 9.96 percent to end the session higher at 2.65 followed by Pilbara Minerals Ltd that rose by 9.22 percent.

On the other hand, Afterpay Touch Group Ltd dropped significantly by 6.25 percent to end in the red at 15.00, while NEXTDC Ltd declined by 4.17 percent to settle down at the end of the session at 5.97.

In the currency market, the Aussie fell against the US Dollar to trade at 0.7167 AUDUSD at 11:00 GMT.

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