INGOT Brokers AU | Asian market report (2017-05-25)

Asian market report (2017-05-25)

Asian markets saw a positive territories on Thursday’s trading session after yesterday’s U.S. Federal Reserve minutes which was in the range of analyst expectations of a possible interest rate hike in June, also investors are waiting for today’s OPEC Meeting which could extend the output cuts.

The biggest mover in Asian indices was South Korea index the Kopsi which reached a fresh high in today’s trading session due to the decision by the central bank of holding the interest rates at a record low.

Moreover, China stock markets took a breath after the shocking news that came yesterday about the credit downgrade that Moody’s placed on the country which was the first credit downgrade in over 30 years.

 

The Japanese Stock Exchange:

The Japanese stock market index Nikkei 225 was up 0.36 percent in Thursday’s trading session to close at 19,813.13 points, the index was supported by the gains in the Power, Banking and Paper & Pulp sectors.

Today’s gainers clearly outnumbered the losers, with 117 gainers, 99 losers and 9 unchanged shares.

The best performers of the session on the Nikkei 225 were Softbank Corp. which rose 3.57% or 304.5 points to trade at 8825.5 at the close. Meanwhile, Furukawa Electric Co., Ltd. added 3.49% or 165.0 points to end at 4890.0 and Konami Corp was up 3.47% or 180.0 points to 5360.0 in late trade.

The worst performers of the session were Furukawa Co., Ltd. which fell 3.50% or 7.0 points to trade at 193.0 at the close. Tosoh Corp declined 3.29% or 32.0 points to end at 940.0 and Tokai Carbon Co., Ltd. was down 2.82% or 16.0 points to 552.0.

Australia Stock Exchange:

The Australian ASX 200 index settled higher at 5,768.975 up by 0.33 percent after a choppy trading session, the index was supported by the gains in Metals & Mining, Resources and Energy sectors

Today’s gainers outnumbered the loser, witnessing 91 gainers, 90 losers and 19 flat shares.

The best performers of the session on the ASX 200 were, Worleyparsons Ltd which rose 7.88% or 0.920 points to trade at 12.590 at the close. Meanwhile, Sims Metal Management Ltd added 6.49% or 0.830 points to end at 13.620 and Ansell Ltd was up 3.98% or 0.960 points to 25.100 in late trade.

The worst performers of the session on the ASX 200 were, Automotive Group Holdings Ltd which fell 10.06% or 0.340 points to trade at 3.040 at the close. BT Investment Management Ltd declined 7.27% or 0.885 points to end at 11.295 and Sigma Pharmaceuticals Ltd was down 5.83% or 0.048 points to 0.767.

© Copyright 2017

The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects Gotinsiders.com current judgment and may change without notice. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterized by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.