Most of the Asian equities closed today’s session in mixed territories with Nikkei inching higher after the BoJ decision.

Most of the Asian equities closed today’s session in mixed territories with Nikkei inching higher after the BoJ decision.

August 1, 2018 0 By Ali Hwary

Most of the Asian equities closed today’s session in mixed territories with Nikkei inching higher after the BoJ decision.

Chinese shares were trading mixed on Tuesday as gains in the Energy and Financials sectors have lifted the shares, the primary Chinese benchmarks Shanghai Composite rose by 0.26 percent or 7.35 points to end the session down at 2,876.40, and Shanghai Shenzhen added 0.07 percent or 2.57 points to settle down at 3,517.65.

Moreover, Korean shares were trading higher on Tuesday as the market’s main index added 0.08 percent or 1.75 points to end the session in the green at 2,295.26 supported by the gains in healthcare and Telecommunication services sectors.

In stocks news, Shares of Samsung Electronics traded lower by 0.43 percent after the smartphone and chipmaker reported a better than expected second-quarter operating profit which came it at 14.9 trillion South Korean won higher than the company’s projection of 14.8 trillion South Korean won.

Hong Kong shares found pressure from losses in Healthcare and Technology sectors as both fell by 1.92 and 2.64 percent respectively, the market’s main index lost 0.42 percent or 121.01 points to close the session lower at 28,612.13.

In stocks news, the Biotechnology Changsheng dropped 5 percent after public outcry over a recent vaccine scandal; according to Reuters, the company fabricated manufacturing and test record.

 

Japanese Stock Market

Japanese stocks were trading higher on Tuesday as the primary Japanese index NKD225 edged higher by 0.06 percent or 13.16 points to close in the green at 22,558. Supported by gains in the Energy and Technology sectors as both added 0.31 percent.

In the economic news, the Bank of Japan kept its policy steady as it was widely expected making its policy framework more flexible for the long-term yield target.

Among the major exporters. Sony declined by 0.63 percent, Panasonic was up by 0.41 percent, and Mitsubishi Electric fell lower by 1.86 percent, while Canon added 0.5 percent.

In the auto space, Toyota fell 2.50 percent, and Honda fell by 0.3 percent. In the banking sector, Mitsubishi UFJ Financial fell by almost 2 percent.

In the currency market, The Japanese Yen was trading against the Greenback at 111.12 USDJPY at 6:00 GMT.

 

Australian Stock Market

Australian shares rose on Tuesday’s session the S&P/ASX200 rose by 0.03 percent or 1.8 points to end the session in the green at 6,280.00 supported by gains in the energy and Telecom sectors.

Among big four banks, ANZ Banking, and Commonwealth Bank lost 0.07 and 0.15 percent respectively while Westpac and National Australia bank added 0.31 and 0.07 percent respectively – were lower in a range of 0.5 percent to 0.9 percent.

Regarding mining companies, Rio Tinto rose by nearly 1 percent, and BHP Billiton advanced by 0.1 percent, while Fortescue Metals added 0.23 percent.

In the Forex Market, the Aussie rose against the Greenback to trade higher at 0.7427 AUDUSD at 6:00 GMT.

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