Asian markets ended lower on Friday’s trading session, as investors remained cautious regarding the tensions between the United States and China.November 25, 2018
Asian markets ended lower on Friday’s trading session, as investors remained cautious regarding the tensions between the United States and China, and uncertainties around the United Kingdom’s divorce negotiations with the European Union. However, Japanese markets were closed on today’s session for a public holiday.
In mainland China, the Shanghai Composite plunged by 2.49 percent or 65.95 points to end the session in the red at 2,579.483 due to the losses in all sectors but mainly Basic Materials and Technology. Moreover, the smaller Shenzhen Composite lost 3.66 percent or 50.69 points to end the session lower at 1,335.15 pressured by the significant losses in all sectors especially Telecom Services that fell 5.59 percent.
Hong Kong’s main benchmark Hang Seng fell by 0.35 percent or 91.73 points to trade at 26,927.68 at the close, pressured by all sectors except for Telecom Services and Utilities sectors as they rose by 1.18 percent and 0.26 percent respectively.
In South Korea, the KOSPI index closed the session down by 0.60 percent to close the session at 2,057.48 due to the losses in Basic Materials, Energy, and Utilities sectors.
Australian Stock Market:
The Australian’s main index S&P/ASX200 rose by 0.44 percent to close the session at 5,716.20 supported by Financials, Consumer Non-Cyclicals, and Utilities sectors.
Costa Group Holdings Ltd was the best performer in today’s session as it surged by 5.46 percent to settle up at 6.95 at the end of the session, followed by Sigma Healthcare Ltd that rose by 5.10 percent to end at 0.515.
On the other hand, TechnologyOne Ltd fell by 7.12 percent to end the session in the red at 5.48, followed by Automotive Holdings Group Ltd which dropped by 7.06 percent to end the session at 1.71.
In the currency market, the Aussie fell against the US Dollar to trade at 0.7224 at 10:00 GMT.