Asian stock markets closed mixed on Thursday’s session after official data from China revealed that the Chinese economy is dealing with a contraction for the second month in a row.
Over in the mainland China, Shanghai Composite SSEC rose by 0.35 percent or 8.9968 points to trade at 2,584.573 supported by the improvement in Financials, Telecommunications, and Energy sectors that added 1.86 percent, 1.13 percent, and 0.87 percent respectively. Furthermore, the blue-chip index Shanghai Shenzhen CSI 300 rose by 1.05 percent or 33.15 points to end the session at 3,201.633 after seeing most of the sectors advancing.
Furthermore, Hong Kong's main benchmark Hang Seng ended today’s session in the green advancing by 1.08 percent to settle at 27,942.47 supported by the huge improvement in Healthcare and Consumer Cyclicals sectors adding 4.15 percent and 4.05 percent respectively.
Meanwhile, in South Korea, the KOSPI ended the session lower, declining by 0.06 percent or 1.35 points as the losses outweigh the gains to close at 2,204.85.
Japanese Stock Market:
Japanese equity market traded in the green as Tokyo’s leading benchmark Nikkei 225 rose by 1.06 percent or 216.95 points to reach 20,773.49 supported by the gains across most sectors especially the Energy and technology sectors.
In the economic space, Analysts said Japanese investors welcomed the U.S. Federal Reserve's lifting the interest rate, but noted it would tend to weaken the dollar and boost the yen, posing a risk to export-oriented stocks.
Regarding individual stocks, the top performers were TDK Corp which rose by 8.07 percent and Advantest Corp which added 7.9 percent.
On the other hand, Sumitomo Dainippon Pharma Co and CyberAgent Inc plummeted by 16.93 percent and 15.76 percent respectively.
In the Forex market, the Greenback rose against the Japanese Yen to trade at 108.583 USDJPY at 9:00 GMT.
Australian Stock Market:
Australia’s main index S&P/ASX200 declined by around 0.37 percent or 22 points to finish the session at 5,864.7 pressured by the decline in Telecommunications Services and Financials sectors.
In the economic space, the Australian Bureau of Statistics said that import prices in Australia increased 0.5 percent in the fourth quarter of 2018 that’s 0.2 percent more than was forecasted.
In the corporate space, Xero Ltd and Western Areas Ltd were the top performers adding 8.77 percent and 7.31 percent respectively. On the other hand, Syrah Resources Ltd was the worst performer falling 10.06 percent.
In the currency market, the Aussie rose versus the U.S. to trade at 0.72715 AUDUSD at 9:00 GMT.
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