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August 4, 2021

Asian markets finished Thursday’s session in the red territories after a sell-off in the technology sector weighed down on the prices.

asian markets

Asian markets finished Thursday’s session in the red territories after a sell-off in the technology sector weighed down on the prices

Over in mainland China, the Shanghai Composite plunged 1.68 percent or 44.62 points to trade at 2,605.18 pressured by all sectors, especially Healthcare, Consumer Non-Cyclicals, and Technology. Furthermore, the Shenzhen Composite dropped by 2.17 percent or 30.02 points to end the session down at 1350.75 due to the losses in all sectors but mainly Telecom Services which declined 5.48 percent, followed by Healthcare sectors that fell by 3.19 percent.

Meanwhile, Hong Kong’s main benchmark Hang Seng fell by 2.47 percent or 663.30 points to trade at 26,156.38 as significant losses in Healthcare, and Technology that lost 15.17 percent and 5.24 percent respectively, pushed the broader market down.

In South Korea, the KOSPI index ended the session in the red, down by 1.55 percent or 32.62 points to close 2,068.69 pressured by all of the sectors except for Telecom Services that rose by 1.03 percent.


Japanese Stock Market:

Japan’s equities closed significantly lower on today’s session as the Tokyo’s leading benchmark Nikkei 225 plunged by 1.91 percent to reach 21,501.62. The index was pressured by all sectors, mainly Healthcare, and Technology which dropped by 2.81 percent and 2.4 percent respectively.

In stocks news, FamilyMart UNY Holdings Co Ltd was the top performer in the market as its share rose by 3.32 percent, followed by NEC Corp which added 1.59 percent.

On the other hand, TDK Corp was the worst performer in the market as its share fell by 6.64 percent followed by Sumco Corp and Taiyo Yuden Co Ltd that fell by 6.58 percent each.

In the Forex market, the Greenback fell against the Japanese Yen to trade at 112.70 USDJPY at 10:15 GMT.


Australian Stock Market:

Australia’s main index S&P/ASX200 fell by 0.19 percent to settle at 5,657.70 pressured by Technology, Basic Materials, and Energy sectors.

In the corporate space, Automotive Holdings Group Ltd was the best performer in the session which gained around than 4.14 percent followed Charter Hall Group which gained around 4.02 percent.

On the flip side, Afterpay Touch Group Ltd and Seek Ltd were the worst performers on today’s trading session as they fell by 5.33 percent and 4.71 percent respectively.

In the currency market, the Aussie fell to the US Dollar to trade at 0.7204 at 10:15 GMT.

Ali Hwary

Ali Hwary

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