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April 16, 2021

Asian markets ended higher on Friday’s trading session after trading mixed during the session.


Asian markets ended higher on Friday’s trading session after trading mixed during the session.

In mainland China, the Shanghai Composite rose by 0.91 percent or 23.46 points to end the session in the green at 2,606.91. The index was boosted by the gains in Consumer Non-Cyclicals, Financials and Energy sectors that rose by 2.16 percent, 1.86 percent, and 1.40 percent respectively. Moreover, the smaller Shenzhen Composite gained 0.19 percent or 2.45 points to end the session higher at 1,296.36, pressured by Consumer Non-Cyclicals, Financials and Healthcare sectors.

Furthermore, Hong Kong’s main benchmark Hang Seng advanced by 2.12 percent or 535.12 points to trade at 25,801.49 at the close due to the significant gains in most of the sectors especially Technology and Consumer Cyclicals that rose by 7.84 percent and 5.29 percent respectively. Regarding individual shares, the market’s best performer was Sunny Optical Technology Group Co Ltd that surged by 10.73 percent to end the session up at 78.95.

To continue with, in South Korea, the KOSPI index closed the session in the green as it rose by 1.51 percent to end today’s session at 2,161.85 due to the gains in Technology, Utilities and Industrials sectors.


Japanese Stock Market:

Japan’s equities closed in the green territory on today’s session as the country’s main index Nikkei 225 advanced by 0.46 percent to reach 22,694.66. The index was supported by Technology, Basic Materials, and Telecom Services sectors.

In stocks news, Sumco Corp was the top performer in the market as its share boosted by 8.37 percent to end the up at 1,606 followed by Yaskawa Electric Corp that rose by 5.63 percent to settle at 3,190

On the flip side, Aeon Co Ltd and Sumitomo Electric Industries Ltd were the worst performers in the market as they fell by 4.34 percent and 3.81 percent respectively.

In the Forex market, the Greenback rose against the Japanese Yen to trade at 112.29 USDJPY at 10:00 GMT.


Australian Stock Market:

The Australian’s main index S&P/ASX200 traded higher by 0.20 percent to close the session in the green at 5,895.700 supported by the gains in Basic Materials sectors that rose by 1.68 percent.

Among shares, Lynas Corporation Ltd was boosted by 9.23 percent to end the session higher at 1.775 followed by Resolute Mining Ltd that gained around 8.82 percent to settle at 1.110 at the end of the session.

On the other hand, Fairfax Media Ltd dropped sharply by 13.55 percent to end the session at 0.670, while Domain Holdings Australia Ltd dropped significantly by 13.44 percent to settle at the end of the session at 2.77.

In the currency market, the Aussie fell against the US Dollar to trade at 0.7121 AUDUSD at 10:00 GMT.

Ali Hwary

Ali Hwary

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