Asian markets were mixed on Friday’s trading session as China’s GDP growth came below expectation in the third quarter of 2018.October 19, 2018
Asian markets were mixed on Friday’s trading session as China’s GDP growth came below expectation in the third quarter of 2018.
In mainland China, the Shanghai Composite rose by 2.58 percent or 64.04 points to end the session in the green at 2,550.46 supported by all of the sectors especially Consumer Non-Cyclicals, Financials and Technology sectors. Moreover, the smaller Shenzhen Composite surged 2.58 percent or 31.81 points to end the session higher at 1,263.81 boosted by the gains in all sectors but mainly Telecom Services, Healthcare, and Technology.
Furthermore, Hong Kong’s main benchmark Hang Seng advanced by 0.42 percent or 106.85 points to trade at 25,561.40 at the close due to the gains in Financials, Healthcare and Industrials.
In South Korea, the KOSPI index closed the session in the green territory as the gains in Healthcare and Utilities sectors pushed the index up, which rose by 2.71 percent and 1.99 percent respectively.
Japanese Stock Market:
Japan’s equities settled down on today’s session as the country’s main index Nikkei 225 slipped by 0.56 percent to reach 22,532.08. The index was pressured all of the sectors except for Utilities and Healthcare sectors.
In stocks news, Yaskawa Electric Corp was the top performer in the market as its share boosted by 2.57 percent to end the up at 3,195 followed by Eisai Co Ltd that rose by 2.32 percent to settle at 10,795.
On the flip side, Credit Saison Co Ltd and Marui Group Co Ltd were the worst performers in the market as they fell by 6.31 percent and 6.04 percent respectively.
In the Forex market, the Greenback rose against the Japanese Yen to trade at 112.38 USDJPY at 11:00 GMT.
Australian Stock Market:
The Australian’s main index S&P/ASX200 traded lower by 0.05 percent to close the session in the red at 5,939.50 pressured by Technology, Healthcare and Consumer Non-Cyclicals.
Among shares, Galaxy Resources Ltd was boosted by 6.36 percent to end the session higher at 2.34 followed by Resolute Mining Ltd that rose by 6.13 percent to settle at 1.13 at the end of the session.
On the other hand, Emeco Holding Ltd plunged by 5.41 percent to end the session at 0.35, while Treasury Wine Estates Ltd fell by 3.71 percent to settle at the end of the session at 16.34.
In the currency market, the Aussie rose against the US Dollar to trade at 0.7127 AUDUSD at 11:00 GMT.