Asian stock markets closed mixed on Wednesday's session as investors are waiting for the start of the U.S.-China trade talks later in the day.
Over in mainland China, Shanghai Composite fell by 0.72 percent or 18.678 points to trade at 2,575.58 pressured by the decline in most sectors especially Telecommunications Services which declined 1.47 percent. Furthermore, the blue-chip index Shanghai Shenzhen CSI 300 plummeted by 0.8 percent or 25.487 points to end the session at 3,168.483 due to the decline in Consumer Non-Cyclicals and Technology sectors.
On the other hand, Hong Kong's main benchmark Hang Seng ended today’s session in the green, advancing by 0.4 percent to settle at 27,642.85 supported by Energy and Technology sector.
Meanwhile, in South Korea, the KOSPI index ended the session higher, adding 1.05 percent or 22.84 points to settle at 2,206.2 due to gains in Basic Materials, Technology, and Industrials sectors.
Japanese Stock Market:
Japanese equity market traded in the red as Tokyo’s leading benchmark Nikkei 225 fell by 0.52 percent or 108.1 points to reach 20,556.54 pressured by the decline across most sectors except for Energy sector that rose by 0.41 percent.
Regarding individual stocks, Taiyo Yuden Co Ltd ended the session higher by 4.23 percent and Gemdale Corp added 3.6 percent.
Moreover, one of the reasons for the Japanese shares decline is earnings concerns after the drug maker Dainippon Sumitomo Pharma said a clinical trial for a new drug failed to complete.
In the Forex market, the Japanese Yen fell against the Greenback to trade at 110.395 USDJPY at 10:00 GMT.
Australian Stock Market:
Australia’s main index S&P/ASX200 rose by around 0.21 percent or 12.5 points to finish the session at 5,886.7 supported by improvement in Basic Materials, and Energy sectors.
On the economic front, a government report showed that consumer prices in Australia rose by 0.4 percent sequentially in the fourth quarter of 2018, unchanged from the third quarter and in line with expectations.
In the corporate space, Bellamy’s Australia Ltd and Fortescue Metals Group Ltd were the top performers adding 9.67 percent and 7.75 percent respectively. On the other hand, Syrah Resources Ltd was the worst performer falling 13.43 percent.
In the currency market, the Aussie rose versus the U.S. to trade at 0.72011 AUDUSD at 10:00 GMT.
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