INGOT Brokers AU | Asian market report (2019-02-05)

Asian market report (2019-02-05)

Asian shares were mostly higher on today’s session, as Australian, and Hong Kong markets finished the session in the green, while Japanese markets ended lower. However, Chinese markets are still closed due to Chinese New Year holiday.

Hong Kong’s main index rose on today’s session, as Hang Seng index advanced by 0.21 percent or 59.47 points to end the session up at 27,99021, supported by the gains in Industrials, Telecom Services, Consumer Cyclicals sectors.


Japanese Stock Market:

Japanese stocks ended today’s session down as the market’s main index Nikkei 225 lost 0.19 percent to settle at 20,844.45 pressured by the losses in Utilities, Technology, and Basic Materials sectors.

Regarding individual stocks, Yahoo Japan Corp and Nippon Suisan Kaisha Ltd surged by 9.18 percent and 7.28 percent respectively to finish the session up.

On the other hand, Astellas Pharma Inc and Daiichi Sankyo Co Ltd dropped by more than 4 percent each to end the session in the red.

In the forex market, the Japanese Yen fell against the U.S. Dollar to trade at 109.97 USDJPY at 10:35 GMT.


Australian Stock Market:

Australia’s main index S&P/ASX200 ended the session in the green, as the index increased by 1.95 percent or 114.70 points to end the session at 6,005.90 boosted by the gains in all sectors except for Healthcare sectors that edged down by 0.07 percent.

In the corporate space, Steadfast Group Ltd was the top performer of today’s session as its share surged by 11.49 percent, followed by AMP Ltd that rose by 9.95 percent at the close.

In the currency market, the Aussie rose versus the U.S. to trade at 0.7246 AUDUSD at 10:35 GMT.

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