Asian equities closed today’s session mostly in green territories after expectations suggest that the U.S and China might start a new round of trade talks, also markets found support from the technology sector as Semiconductors and Apple supplier’s stock rose.
Over in China, the Shanghai Composite retreated by 0.18 percent to close the session in the red at 2,681.64 pressured by losses in technology and Telecoms sectors. On the other hand, the blue-chip index Shanghai Shenzhen rose 0.17 percent or 5.52 points to end the session higher at 3,242.09 supported by the gains in the Consumer Cyclicals and Non-Cyclicals shares.
Moreover, Hong Kong’s main benchmark Hang Seng rose by 1 percent or 271.92 points to trade at 27,286.41 at the close. The index was boosted by the profits in Consumer Cyclicals, Technology and Healthcare sectors.
To continue with the Eastern market, in South Korea, the KOSPI index closed the session in the green as it gained 1.4 percent to end the session at 2,318.25 boosted by the gains in, Technology and Consumer Non-Cyclicals sectors.
In stock news, Largan Precision, which supplies Apple with smartphone camera lenses, rose 7.18 percent meanwhile iPhone assembler Pegatron stock jumped 7.72 percent.
Japanese Stock Market:
Japan’s equities were trading higher on today’s session as Nikkei225 added 1.19 percent to end the session up at 23,101.50 supported by the gains in the technology sector which added 2.2 percent.
In stocks news, Yaskawa Electric Corp was the top performer in the market as its share surged by 7.63 percent followed by Sumco Corp which gained 6.38 percent.
On the flip side, Takashimaya and Otsuka Holdings were the worst performers in the market as they fell by 3.89 percent and 2.92 percent respectively.
The major exporters were higher despite a stronger yen. Mitsubishi Electric and Canon are advancing almost 1 and 1.6 percent respectively, Sony rose 3.7 percent and Panasonic added 1.6 percent.
In the Forex market, the Greenback rose against the Japanese Yen to trade at 111.81 USDJPY at 10:00 GMT.
Australian Stock Market:
The Australian’s main index S&P/ASX200 traded higher by 0.60 to close the session in the green at 6,165.30 due to Gains in Healthcare and Technology sectors.
In stocks news, Lynas Corporation was the top performer in the market as its share surged by 5.45 percent followed by SpeedCast International which gained 4.85 percent.
On the flip side, Syrah Resources and Primary Health Care were the worst performers in the market as they fell by 2.97 percent and 2.07 percent respectively.
In the currency market, the Aussie traded higher at 0.7196 AUDUSD at 10:00 GMT.