Asian markets ended sharply down on Thursday’s trading session as Shanghai and Shenzhen both dropped by more than 5 percent.October 11, 2018
Asian markets ended sharply down on Thursday’s trading session as Shanghai and Shenzhen both dropped by more than 5 percent.
In mainland China, the Shanghai Composite fell by 5.22 percent or 142.38 points to end the session in the red at 2,583.46. The index was pressured by the significant losses in all sectors but mainly Technology, Telecom Services and Industrials sectors that fell by 7.43 percent, 6.80 percent, and 6.11 percent respectively. Moreover, the smaller Shenzhen Composite lost 6.46 percent or 89.14 points to end the session lower at 1,293.90, pressured by all sectors, especially Telecom Services and Technology sectors which fell by 9.92 percent and 7.76 percent respectively.
Furthermore, Hong Kong’s main benchmark Hang Seng declined by 3.54 percent or 926.70 points to trade at 25,266.37 at the close due to the losses in all sectors. Regarding individual shares, the market’s worst performer was AAC Technologies Holdings Inc. stock that lost 7.29 percent to end the session at 69.950.
To continue with, in South Korea, the KOSPI index closed the session in the red as it fell by 4.44 percent to end today’s session at 2,129.67 due to the significant losses in all sectors.
Japanese Stock Market:
Japan’s equities closed in the red territory on today’s session as the country’s main index Nikkei 225 declined by 3.89 percent to reach 22,590.86. The index was pressured by all sectors and mainly Energy and Industrials that fell by 5.71 percent and 4.02 percent respectively.
In stocks news, Tokai Carbon Co Ltd was the top performer in the market as its share rose by 0.21 percent to end the up at 3,363.
On the flip side, Nippon Sheet Glass and Fanuc Corp were the worst performers in the market as they plunged by 9.91 percent and 6.84 percent respectively.
In the Forex market, the Greenback dropped against the Japanese Yen to trade at 112.27 USDJPY at 9:30 GMT.
Australian Stock Market:
The Australian’s main index S&P/ASX200 traded lower by 2.74 percent to close the session in the red at 5,883.800 due to the losses in all sectors but mainly Technology that lost 4.87 percent.
Among shares, St Barbara Ltd was boosted by 6.27 percent to end the session higher at 3.730 followed by Evolution Mining Ltd that gained around 6.27 percent to settle at 2.880 at the end of the session.
On the other hand, Afterpay Touch Group Ltd fell sharply by 11.05 percent to end the session at 13.760, while WiseTech Global Ltd dropped by 10.46 percent to settle at the end of the session at 16.430.
In the currency market, the Aussie rose against the US Dollar to trade at 0.7087 AUDUSD at 9:30 GMT.