Asian Market Report, 28th of March 2019

Asian stocks ended Thursday’s session in mixed territories as investors remained frightened about the global economic outlook.

However, The U.S. and China will resume high-level trade talks Thursday in Beijing, with Robert Lighthizer, the U.S. Trade Representative and Treasury Secretary Steve Mnuchin attending the negotiations in Beijing.

The mainland Chinese markets were mixed at the end of today’s session. The Shanghai Composite finished the session red, which fell by 0.92 percent or 27.7 points to close at 2994.94 pressured by losses in almost every sector, mainly Basic Materials, Consumer Cyclicals, and Financials sectors.

Hong Kong’s main index Hang Seng finished today’s session higher, adding 0.16 percent or 46 points to close at 28775.21. Consumer Non-Cyclicals, Industrials, and Utilities sectors were the sectors that gained the most.

Elsewhere, the South Korean main index KOSPI ended today’s session lower, declining by 0.82 percent to close at 2128.1 pressured by losses in Utilities, Healthcare, and Industrials sectors.

 

Japanese Stock Market:

Japanese stocks finished Thursday’s session lower where the main index fell by 1.61 percent or 344.97 points to settle at 21033.76 pressured by losses in most of the sectors, especially Energy, Healthcare, and Consumer Non-Cyclicals sectors.

In corporate news, Nippon Suisan Kaisha Ltd was the best performer of today’s trading session that rose by 3.41 percent. On the other hand, Mitsui E&S Holdings Co Ltd was the worst performer of the session that fell by 7.88 percent.

In the Forex news, the Japanese Yen rose against the Greenback to trade at 110.277 at 09:00 GMT.

 

Australian Stock Market:

Australia’s main index S&P/ASX200 closed today’s trading session higher, as it rose by 0.65 percent to settle at 6176.1 supported by the improvement in all sectors, mainly Consumer Cyclicals, Basic Materials, and Utilities sectors.

In corporate news, Pilbara Minerals Ltd was the best performer in today’s trading session, as it surged by 15.00 percent. On the other hand, Eclipx Group Ltd was the worst performer of the session that tumbled by 4.29 percent.

In the Forex market, the Aussie fell against the Greenback to trade at 0.70891 at 9:00 GMT.

 

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