INGOT Brokers AU | Asian market report (2019-01-29)

Asian market report (2019-01-29)

Asian stock markets closed Tuesday’s trading session in mixed territory, as Hong Kong, Japanese and Korean markets gains. While Chinese and Australian ending down at today’s close. After being closed on Monday for the Australia Day public holiday, Australian equities witnessed some significant moves due to the high liquidity.

Over in mainland China, Shanghai Composite lost 0.10 percent or 2.72 points to trade at 2,594.25 due to the losses in Technology, Telecommunications Services, and Consumer Cyclicals sectors. On the other hand, Shanghai Shenzhen CSI 300 rose by 0.32 percent to end the session in the green at 3,193.96 due to the significant gains in Consumer Non-Cyclicals, Utilities, and Financials supported the index.

Meanwhile, Hong Kong's main benchmark Hang Seng ended today’s session in the red due to the losses in the Telecommunications Services sectors that fell by around 0.44 percent.

In South Korea, the KOSPI index ended the session in the green, edging up by 0.28 percent or 6.06 points to settle at 2,183.36 supported by Energy, Technology and Consumer Cyclicals sectors.

 

Japanese Stock Market:

Japanese equity market traded in the green as Tokyo’s leading benchmark Nikkei 225 rose by 0.08 percent or 15.46 points to reach 20,664.64, supported by Utilities, Telecommunications Services, and Consumer Non-Cyclicals sectors.

Regarding individual stocks, Tokyo Electric Power Company Holdings Inc. and Toho Co Ltd were the top performers in the session as they both rose by 3.75 percent and 3.52 percent respectively to end the session in the green.

On the flip side, Trend Micro Inc. was the worst performer of the session as it fell by more than nine percent to finish lower at 5.840, followed by Screen Holdings Co Ltd that also faced loss by around six percent to settle at 5,170.

In the Forex market, the Greenback rose against the Japanese Yen to trade at 109.40 USDJPY at 10:30 GMT.

 

Australian Stock Market:

Australia’s main index S&P/ASX200 is down by around 0.53 percent or 31.400 points to finish the session in the red at 5,874.20 due to the losses in Healthcare and Energy sectors.

In the corporate space, the best performers of the session on the S&P/ASX 200 were Telstra Corporation Ltd which surged by 8.11 percent or 0.240 points to trade at 3.200 at the close. While St Barbara Ltd added 7.14 percent or 0.320 points to end at 4.800 and Saracen Mineral Holdings Ltd was up by 6.80 percent or 0.200 points to 3.140 in the close.

On the other hand, the worst performers of the session were Eclipx Group Ltd which tumbled by 16.54 percent or 0.440 points to trade at 2.220 at the close. Resmed Inc DRC declined by 10.4 percent or 1.510 points to end the session at 12.960 and Incitec Pivot Ltd was down by 7.87 percent or 0.280 points to 3.280.

In the currency market, the Aussie rose versus the U.S. to trade at 0.7169 at 10:35 GMT.

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