INGOT Brokers AU | Asian market report (2017-05-19)

Asian market report (2017-05-19)

Asian equity markets was marginally higher after witnessing their worst day in the year.

In Japan Nikkei 225 reversed earlier losses to trade 0.19% higher while, Australia’s ASX 200 index fell by 0.19% pressured by financials and industrials sub-indexes.

Despite the slight recovery in the Asian equity markets, the global political concerns from the US and Brazil continue to weight on investors sentiment.

Moreover, the strong US economic data that supported the US Dollar, might also factored in Asian equity market mixed trade.


The Japanese Stock Exchange:

Gaines in the Gas and Water, Railway and Bus and Retail sectors led the Japanese stock market to close higher on Friday’s trading session, with 1857 gainers, 1183 losers and 311 flat shares.

The Nikkei 225 rose by 0.19% or 36.9 points higher to close at 19,590.76.

The best performers of the session on the Nikkei 225 were, MS&AD Insurance Group Holdings rising by 5.10%, The Dai-ichi Life Insurance Co. adding 56.5 points and Daiwa Securities Group Inc. settling up 3.06% at to 676.6.

The worst performers of the session on the Nikkei 225 were, SKY Perfect JSAT Holdings Inc. falling by 4.76%, Osaka Gas Co., Ltd. dropping 16.9 points and Toppan Printing Co., Ltd. ended 2.86% lower at 1156.0.


Australia Stock Exchange:

Losses in Gold, Financials and Industrials sectors dragged the Australian equities lower on Today’s close, with 546 losers, 528 gainers and 362 unchanged.

The Australian ASX 200 index declined 0.19 percent or 10.912 points to close at 5,727.4.

The best performers of the session on the ASX 200 were, Sirtex Medical Ltd surging by 8.56%, Syrah Resources Ltd adding 0.160 points and Bellamys Australia Ltd ended 5.76% at 5.510.

The worst performers of the session on the ASX 200 were, Southern Cross Media Group Ltd falling by 5.43%, Northern Star Resources Ltd losing 0.220 points and G.U.D. Holdings Ltd closing 4.46% lower at 11.790.

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