INGOT Brokers AU | Asian market report (2019-02-07)

Asian market report (2019-02-07)

Asian markets ended today’s session in mixed territories, as Japanese stocks closed lower, while Australian shares finished higher. China and Hong Kong markets are still closed for the Lunar New Year holiday.


Japanese Stock Market:

Japanese stocks ended today’s session lower with the market’s main index Nikkei 225 losing 0.59 percent to settle at 20,751.28 due to the losses in all of the sectors except for Telecom Services sectors that rose by 5.15 percent.

Regarding individual stocks, SoftBank Group Corp surged in today’s trading session by 17.73 percent to settle higher at 9,962 at the close, followed by Mazda motor Corp that rose by more than 6 percent to end up in the green.

On the other hand, Mitsubishi Chemical Holdings Corp, and Unitika Ltd were the worst performers in today’s session as they fell by 6.13 percent and 5.94 percent respectively to end the session lower.

In the forex market, the Japanese Yen rose against the U.S. Dollar to trade at 109.87 USDJPY at 11:00 GMT.


Australian Stock Market:

Australia’s main index S&P/ASX200 ended the session in the green, as the index rose by 1.10 percent or 66.40 points to end the session at 6,092.50 boosted by the gains in all sectors except for Utilities sectors that fell by 0.44 percent.

In the corporate space, IDP Education Ltd was the top performer on today’s trading session as it was boosted by 21.16 percent, followed by CYBG PLC that surged by 17.87 percent to end the session higher.

On the flip side, Saracen Mineral Holdings Ltd was the worst performer in the market, as its share fell by 5.20 percent to settle at 3.1 at the close.

In the currency market, the Aussie rose versus the U.S. to trade at 0.7108 AUDUSD at 11:00 GMT.

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