INGOT Brokers AU | Asian market report (2019-02-11)

Asian market report (2019-02-11)

Asian markets were in mixed territories with the absences of the Japanese market due to National Founding Day holiday limiting the Asian market liquidity, the Chinese markets traded higher after being closed last week while celebrating the Chinese Lunar holiday.

The mainland Chinese markets started the week in green after the holidays. The Shanghai Composite rose by 1.36 percent or 35.6637 to close at 2,653.896 supported by the gains in all sectors. Moreover, DJ Shenzhen also added 2.87 percent or 10.29 to end at 369.26.

Hong Kong shares ended today’s trading session in the green with Hang Seng climbing by 0.71 percent or 197.52 points to end higher at 28,143.84 supported by the gains in its Industrials, Technology and Healthcare sectors.

Furthermore, South Korean’s KOSPI recovered from the earlier losses during last week to close today’s session in green notes with 0.17 percent to finish higher at 2,180.73 held by the gains in the Utilities, Healthcare and Energy sectors.

 

Australian Stock Market:

Australia’s main index S&P/ASX200 ended the session in the red territories, as the index declined by 0.18 percent or 10.70 points to end the session at 6,060.80 dragged by the losses in Healthcare and financials sectors, despite the gains in the Basic Materials.

In financial news, the big four banks were the major factors that pulled the index down with the financials sector falling by 1.15 percent lower.

In corporate news, Bendigo and Adelaide Bank Ltd was the worst performer in today’s trading session by 6.82 percent, followed by Spark Infrastructure Group that fell by 6.37 percent.

Meanwhile, Estia Health Ltd was the best performer in the market and in its sector, as its shares rose by 7.30 percent to settle at 2.500 at the close.

In the currency market, the Aussie lost against the U.S. Dollar to trade at 0.70811 AUDUSD at 12:00 GMT.

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