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May 16, 2021

Asian equities closed today’s session in the green after the U.S. attempts to restart negotiations with China on trade, however for Australian shares as it ended in the red territory.

Asian market

Asian equities closed today’s session in the green after the U.S. attempts to restart negotiations with China on trade, however for Australian shares as it ended in the red territory.

Over in China, the Shanghai Composite added by 1.15 percent to close the session in the green at 2,686.58 boosted by the gains in Energy, Financials, and Telecoms sectors. Moreover, the smaller Shenzhen Composite rose 0.71 percent or 9.97 points to end the session higher at 1413.56 supported by the gains in all sectors, especially in Telecoms, Energy and Technology shares.

Moreover, Hong Kong’s main benchmark Hang Seng rose by 2.54 percent or 669.45 points to trade at 27,014.49 at the close. The index was boosted by the profits in Consumer Cyclicals, Technology and Energy sectors.

To continue with the Eastern market, in South Korea, the KOSPI index closed the session in the green as it gained 0.14 percent to end the session at 2,286.23 boosted by the gains in, Telecoms and Healthcare, sectors.

 

Japanese Stock Market:

Japan’s equities were trading lower on today’s session as Nikkei225 added 0.96 percent to end the session up at 22,821.32 supported by the gains in all sectors.

In stocks news, SoftBank Group Corp was the top performer in the market as its share surged by 4.72 percent to end up at 10,990 followed by Chiyoda Corp that gained 4.50 percent to settle at 836.

On the flip side, Pioneer Corp and Advantest Corp Co Ltd were the worst performers in the market as they fell by 11.11 percent and 5.39 percent respectively.

The major exporters are higher despite a stronger yen. Mitsubishi Electric and Canon are advancing almost 1 percent, Sony is rising 0.7 percent, and Panasonic is adding 0.6 percent. In the Forex market, the Greenback rose against the Japanese Yen to trade at 111.44 USDJPY at 9:00 GMT.

 

Australian Stock Market:

The Australian’s main index S&P/ASX200 traded lower falling by 0.76 to close the session in the red at 6,128.70 due to losses in Healthcare and Consumer Non-Cyclicals sectors.

In stocks news, Syrah Resources was the top performer in the market as its share surged by 4.89 percent followed by Ausdrill Ltd which gained 4.43 percent.

On the flip side, G8 Education and IPH Ltd were the worst performers in the market as they fell by 4.9  percent and 3.43 percent respectively.

In the currency market, the Aussie rose against the US Dollar to trade higher at 0.7176 AUDUSD at 9:00 GMT.

 

 

Ali Hwary

Ali Hwary

Established in 2006, INGOT Brokers was initially launched with a unique vision to provide unparalleled superior trading environment, and the best trading tools in the industry. INGOT Brokers provides a broad range of products and services which include ETFs, MENA, International shares and indices, commodities, metals, energies, as well as currencies. INGOT Brokers is a pioneer company in online financial trading, executing billions of transactions on monthly basis and its regulated by the Australian Securities and Investments Commission (ASIC) with AFSL license number 428015. Visit Ingot Brokers: <a href="https://www.ingotbrokers.com.au">https://www.ingotbrokers.com.au</a>

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