INGOT Brokers AU | Asian market report (2019-02-06)

Asian market report (2019-02-06)

Despite the lack of liquidity in the Asian Markets as China, Hong Kong, and South Korea are still celebrating Chinese New Year. The Japanese and Australian stock markets ended today’s trading session in the green territory.

 

Japanese Stock Market:

Japanese stocks ended today’s session up with the market’s main index Nikkei 225 adding 0.14 percent to settle at 20,874.06 boosted by the gains in Consumer Non-Cyclicals and Health Care sector sectors.

Regarding individual stocks, Yamaha Corp and Kawasaki Kisen Kaisha Ltd surged by 12.67 percent and 9.23 percent respectively to finish the session higher in the green.

Yamaha Corp’s share rose on the back of news that it would buy back 5 million shares which worth 20 billion Yen through July 31st.

On the other hand, NTT Data Corp and Nichirei Corp dropped by 9 percent and 7.52 percent to end the session in the red.

Shares of the tech giant Sony closed down by 8.07 percent after the company cut its sales and operating revenue forecast for the fiscal year.

In the forex market, the Japanese Yen rose against the U.S. Dollar to trade at 109.658 USDJPY at 10:50 GMT.

 

Australian Stock Market:

Australia’s main index S&P/ASX200 ended the session in the green, as the index rose by 0.34 percent or 20.20 points to end the session at 6,026.10 boosted by the gains in Industrials and Basic Materials sectors.

In the corporate space, Viva Energy Group Ltd was the top performer of today’s session as its shares surged by 13.77 percent, boosted by the news that it may extend the partnership with Coles.

In the currency market, the Aussie dropped versus the U.S. to trade at 0.71374 AUDUSD at 10:50 GMT.

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