INGOT Brokers AU | Asian market report (2019-02-08)

Asian market report (2019-02-08)

Chinese markets are still closed celebrating the Chinese New Year event, while the South Korean and Hong Kong’s markets resume trading on Friday.

Other Asian markets who are not celebrating the holiday such as, South Korea, Hong Kong, Japan, and Australia ended today’s session in the red territory.

Hong Kong shares ended today’s trading session on negative notes with the Hang Seng dropping 0.16 percent or 43.89 points to end lower at 27,946.32 pressured by the losses in Healthcare, Energy and Consumer Non-Cyclical sectors.

Moreover, South Korean shares fell during today’s session in the red where the market’s main index fell by 1.20 percent to end lower at 2,177.05, pressured by the losses in the Technology and Basic Materials sectors.


Japanese Stock Market:

Japanese stocks also dropped on Friday where the main Japanese benchmark fell by 2.01 percent or 418.11 points to end lower at 20,333.17 as the losses in all sectors have weighed on the shares.

Regarding individual stocks, Terumo Corp surged in today’s trading session by 5.20 percent to settle higher at 6,449 at the close, followed by Oji Holdings Corp that rose by more than 5 percent to end up in the green.

On the other hand, Toyo Seikan Group Holdings Ltd, and Nikon Corp were the worst performers in today’s session as they fell by 12.62 percent and 11.67 percent respectively to end the session lower.

In the forex market, the Japanese Yen remained flat against the U.S. Dollar to trade at 109.852 USDJPY at 11:30 GMT.


Australian Stock Market:

Australia’s main index S&P/ASX200 ended the session in the red, as the index fell by 0.34 percent or 21 points to end the session at 6,071 due to the losses in Energy, Technology and Basic Materials sectors.

In the corporate space, News Corp was the top performer on today’s trading session as it rose by 2.73 percent, followed by Evolution Mining Ltd that gained by 2.39 percent to end the session higher.

On the flip side, Beach Energy Ltd was the worst performer in the market, as its share fell by 9.67 percent to settle at 1.635 at the close.

In the currency market, the Aussie fell versus the U.S. to trade at 0.70842 AUDUSD at 11:30 GMT.

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