INGOT Brokers Australia | Asian market report (2017-05-29)

Asian market report (2017-05-29)

Asian equities fell despite its modest gains during today’s early trading session in a calm trading session as major markets are closed for holiday.

The weaker commodities and Holiday in the Chinese, British and US markets pressured the Australian and the Japanese shares lower.

Moreover, North Korea’s short-range ballistic missile test early on Monday weighted on the Asian market due to the geopolitical concerns.

However, Shusuke Yamada the senior strategist at Bank of America Merrill Lynch in Tokyo said that "While the North Korean situation remains tense, the market has gotten used to missile launches, with broader volatility also declining,”

 

The Japanese Stock Exchange:

Japan stock market ended lower on Monday as losses from Mining, Transportation Equipment and Manufacturing sectors led the market lower, where the Japanese stock market index Nikkei 225 was slightly lower by 0.02%.

The Losers outnumbers the gainers in Tokyo Stock Exchange by 1511 to 1496 and 359 ended flat.

The best performers of the session on the Nikkei 225 were, Maruha Nichiro Corp, rising by 3.57%, Nippon Electric Glass Co., Ltd. adding 165.0 points and Matsui Securities Co., Ltd. gaining 3.47% to settle at 5360.

The worst performers of the session on the Nikkei 225 were, Sumitomo Dainippon Pharma Co Ltd falling by 3.50%, Nippon Steel&Sumitomo Metal Corp. losing 32.0 points and JFE Holdings, Inc. shading 2.82% points to close at552.0.

 

Australia Stock Exchange:

Losses in Financials, Utilities and Technology sectors led the Australian equities lower, where the Australian stock market index ASX200 fell by 0.77% reaching a new one month’s low.

Moreover, the Losers outnumbered the gainers in Australia Stock Exchange by 661 to 405 and 388 shares ended unchanged.

The best performers of the session on the ASX 200 were, ALS Ltd surging by 7.88%, Estia Health Ltd adding 0.830 points and Sydney Airport Holdings Ltd gaining 3.98% to settle at 25.10.

The worst performers of the session on the ASX 200 were, Aconex Ltd plummeting by 10.06%, Bega Cheese Ltd dropping 0.885 points and Sigma Pharmaceuticals Ltd shading by 5.83% to end at 0.767.

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