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August 3, 2021

Asian equities closed today’s session mostly in green territories while the Japanese Yen hit a two month low.

Asian market

Asian equities closed today’s session mostly in green territories while the Japanese Yen hit a two month low.

Over in China, the Shanghai Composite rose by 1.14 percent to close the session in the green at 2,730.85 supported by gains in Energy and Consumer Non Cyclicals sectors. Moreover, the blue-chip index Shanghai Shenzhen added 1.32 percent or 43.05 points to end the session higher at 3,312.48 supported by the gains in the Energy and Consumer Non Cyclicals sectors.

Moreover, Hong Kong’s main benchmark Hang Seng advanced by 1.19 percent or 322.71 points to trade at 27,407.37 at the close. The index was supported by the gains in Consumer Cyclicals and Non Cyclicals sectors.

To continue with the Eastern market, in South Korea, the KOSPI index closed the session relatively unchanged as it lost 0.02 percent to end the session at 2,308.46 pressured by losses in, Telecommunications Services and Utilities sectors.

Japanese Stock Market:

Japan’s equities were trading higher on today’s session as Nikkei225 added 1.08 percent to end the session up at 23,686.00 supported by the gains in the Energy sector which added 3.2 percent.

In stocks news, Recruit Holdings was the top performer in the market as its share surged by 5.68 percent followed by Yaskawa Electric which gained 5.58 percent.

On the flip side, Fast Retailing and Kansai Electric Power were the worst performers in the market as they fell by 2.48 percent and 2.16 percent respectively.

The major exporters were higher supported by a weaker yen. Mitsubishi Electric advanced more than 3 percent, Sony rose 0.45 percent, and Panasonic added 1.79 percent.

In the Forex market, the Greenback rose against the Japanese Yen to trade at 112.36 USDJPY at 8:00 GMT.

Australian Stock Market:

The Australian’s main index S&P/ASX200 traded higher by 0.46 to close the session in the green at 6,190.00 due to gains in Basic Materials and Energy sectors.

In stocks news, Independence Group was the top performer in the market as its share surged by 5.65 percent followed by Sandfire Resources which gained 5.12 percent.

On the flip side, TPG Telecom and Estia Health were the worst performers in the market as they dropped by 5.39 percent and 3.64 percent respectively.

In the currency market, the Aussie traded higher at 0.7244 AUDUSD at 8:00 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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