INGOT Brokers AU | Asian market report (2017-05-17)

Asian market report (2017-05-17)

Shares in Asian Markets rebounded on Wednesday’s session to close in the red zone, the losses came after the concerns in U.S. political issues after the reports that showed that U.S. President Trump shared a secret information with Russia about the terrorism, even after the he defended his actions by saying that he has the right to discuss those facts with Russia.

Moreover, china stock markets edged down on Wednesday’s session, Hong Kong’s Hang Seng declined 0.19 percent, also the Shanghai Composite ended down 0.26 percent. Elsewhere, in South Korea, the kospi fell 0.15 percent to close at 2291.3 


The Japanese Stock Exchange:

Losses in the Shipbuilding, Real Estate and Mining sectors pushes the Japan’s stock market down, the Nikkei 225 index declined 0.53 percent to close at 19,814.88 on Wednesday trading session.

The benchmark’s best performers on Wednesday’s session were Sumitomo Chemical Co., Ltd. which rose 3.22% or 19.5 points to trade at 624.5 at the close. Meanwhile, Tokyo Electron Ltd. added 2.58% or 395.0 points to end at 15690.0 and Amada Co., Ltd. was up 2.46% or 33.0 points to 1374.0 in late trade.

On the other hand, the worst performers were The Dai-ichi Life Insurance Co. which fell 3.96% or 76.5 points to trade at 1856.8 at the close. Pioneer Corp. declined 3.81% or 8.0 points to end at 202.0 and Sumitomo Dainippon Pharma Co Ltd was down 3.63% or 66.0 points to 1751.0.

Overall declining stocks outnumbered rising the stocks by 1927 to 1128 and closed flat in Wednesday’s session.

USD/JPY fell by 0.58 percent to trade at 112.45, and EUR/JPY declined 0.5 percent to trade at 124.73. 


Australia Stock Exchange:

In Australia, Shares closed in the red on Wednesday touching a new 1-month low, driven by declines in the Financials, IT and Healthcare sectors.

The Aussie Benchmark ASX 200 declined 1.11 percent to end Wednesday’s session at 5,786.00.

The best performers of the session on the S&P/ASX 200 were Mineral Resources Ltd which rose 6.29% or 0.595 points to trade at 10.055 at the close. Meanwhile, Whitehaven Coal Ltd added 5.80% or 0.145 points to end at 2.645 and St Barbara Ltd was up 5.24% or 0.150 points to 3.010 in late trade.

Meanwhile, the Worst performers in the session were Galaxy Resources Ltd which fell 7.58% or 0.038 points to trade at 0.458 at the close. Bellamys Australia Ltd declined 5.20% or 0.295 points to end at 5.375 and Southern Cross Media Group Ltd was down 4.93% or 0.068 points to 1.302.

The Australian Stock Exchange saw the number of falling stocks outweighed the number of stocks rising by 674 to 403, while 370 remained flat.

The AUD/USD gained 0.04 percent to trade at 0.7429.


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