Asian markets ended in mixed territories on Tuesday’s trading session as geopolitical tensions rose between Saudi Arabia and the international community.October 16, 2018
Asian markets ended in mixed territories on Tuesday’s trading session as geopolitical tensions rose between Saudi Arabia and the international community.
In mainland China, the Shanghai Composite tumbled by 0.85 percent or 21.76 points to end the session in the red at 2,546.33 pressured by most of the sectors but mainly Technology and Basic Materials. Moreover, the smaller Shenzhen Composite fell by 1.93 percent or 24.70 points to end the session lower at 1,256.37, pressured by declines in all sectors.
On the other hand, Hong Kong’s main benchmark Hang Seng gained 0.07 percent or 17.20 points to trade at 25,462.26 at the close, supported by Telecom Services, Energy, and Healthcare sectors.
In South Korea, the KOSPI index closed the session flat due to gains in Consumer Cyclicals and Healthcare sectors that were offset by the losses in Energy and Utilities sectors.
Japanese Stock Market:
Japan’s equities closed in the green territory on today’s session as the country’s main index Nikkei 225 rose by 1.25 percent to reach 22,549.24 The index was supported by all sectors, especially Telecom Services and Energy sectors which advanced by 2.73 percent and 2.68 percent respectively.
In stocks news, Toho Zinc Co Ltd was the top performer in the market as its share boosted by 6.27 percent to end the up at 4,410 followed by Nippon Telegraph and Telephone Corp that rose by 4.50 percent to settle at 4,991.
On the flip side, Terumo Corp and Showa Shell Sekiyu KK were the worst performers in the market as they fell by 3.78 percent and 2.58 percent respectively.
In the Forex market, the Greenback rose against the Japanese Yen to trade at 112.05 USDJPY at 10:50 GMT.
Australian Stock Market:
The Australian’s main index S&P/ASX200 traded higher by 0.56 percent to close the session in the green at 5,869.90 supported by Basic Materials, Consumer Cyclicals, and Utilities sectors.
Among shares, Washington H Soul Pattinson and Company Ltd was boosted by 5.47 percent to end the session higher at 27.56 followed by Saracen Mineral Holdings Ltd that gained around 5.19 percent to settle at 2.23 at the end of the session.
On the other hand, IPH Ltd dropped by 2.96 percent to end the session at 5.57, while Syrah Resources Ltd fell by 2.80 percent to settle at the end of the session at 1.74.
In the currency market, the Aussie fell against the US Dollar to trade at 0.7126 AUDUSD at 10:50 GMT.