Asian stock markets closed mixed on Friday’s session with Chinese stocks seeing some gains after U.S. President Donald Trump said the there’s tremendous progress in the negotiation between the U.S and China.
Over in mainland China, Shanghai Composite SSEC rose by 1.3 percent or 33.66 points to close at 2,618.23 supported by the improvement across all sectors specifically the Technology, Health care, and Basic Materials sectors. Furthermore, the blue-chip index Shanghai Shenzhen CSI 300 added 1.43 percent or 45.764 points to settle at 3,247.39 after seeing most of the sectors advancing.
Furthermore, Hong Kong's main benchmark Hang Seng ended today’s session in the red falling slightly by 0.04 percent to settle at 27,930.74 pressured by the decline in Industrials, Financials and Energy sectors which outweigh the gains in the other sectors.
Meanwhile, in South Korea, the KOSPI ended the session lower, declining by 0.06 percent or 1.39 points as the losses were higher than the gains to close at 2203.46.
Japanese Stock Market
Japanese equity market traded slightly higher in today’s session as investor saw mixed results from major Japanese companies’ earnings report. Tokyo’s leading benchmark Nikkei 225 rose by 0.07 percent or 14.9 points to reach 20,788.39 supported by the gains in Healthcare and Consumer Non-Cyclicals sectors.
In the economic space, an official spokesperson from a Japanese brokerage firm said that foreign investors stepped-in to buy and sell in response to earnings reports releases, that explains the huge trading volume lately.
Regarding individual stocks, the top performers were Taiyo Yuden Co Ltd which rose by 6.88 percent and Daiichi Sankyo Co which added 5.79 percent.
On the other hand, Ajinomoto Co Inc. and Nippon Sheet Glass Co Ltd tumbled by 10.10 percent and 9.48 percent respectively.
In the forex market, the Japanese Yen rose against the U.S. Dollar to trade at 108.885 USDJPY at 10:00 GMT.
Australian Stock Market
Australia’s main index S&P/ASX200 ended the session in the red and declined by 0.03 percent or 1.9 points to end the session at 5,862.8 pressured by the decline in Telecommunications Services, Energy and Financials sectors.
In the economic space, the latest survey from the Australian Industry Group revealed that the manufacturing and basic materials sector in Australia is experiencing an expansion.
In the corporate space, Pilbara Minerals Ltd was the top performer adding 6.15 percent. On the other hand, Syrah Resources Ltd was the worst performer falling by approximately eight percent.
In the currency market, the Aussie rose versus the U.S. Dollar to trade at 0.7261 AUDUSD at 10:00 GMT.
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