INGOT Brokers Australia | Asian market report (2017-05-30)

Asian market report (2017-05-30)

Asian equities where mixed today, as the Australian equity market ended higher after yesterday’s decline while the Japanese stock market fell slightly due the European Central Bank president Mario Draghi comments regarding the need for substantial stimulus given weak inflation that made the Japanese safe haven stronger thus weighting on the stock market.

 

The Japanese labor market data came out strong staying near its two decades low and the retail trade data surprisingly superseded its expectation, while household spending data was below its expectations.

 

The Japanese Stock Exchange:

Japanese equities fell for the second consecutive trading session as the losses in Financial Services, Steel & Chemical and Petroleum & Plastic sectors led shares lower, where the Japanese stock market index Nikkei 225 fell by 0.02% or 4.71 points closing at 19,677.85.

The best performers of the session on the Nikkei 225 were, Toho Zinc Co., Ltd. rising by 3.09%, Softbank Corp. adding 239.0 points and ANA Holdings Inc. gaining 2.37% to settle at 362.1.

The worst performers of the session on the Nikkei 225 were, Concordia Financial Group Ltd falling by 2.26%, Citizen Holdings Co., Ltd. losing 16.0 points and Nippon Paper Industries Co., Ltd. shading 2.11% points to close at 2137.0.

 

Australia Stock Exchange:

After yesterday’s red close the Australian shares ended higher on today’s session close as the gains in the Gold, Financials and Metals and Mining sectors left the market higher, where the Australian stock market index ASX200 rose by 0.19% or 10.814 points at 5,717.886 near the session’s high.

Today’s gainers outnumbers the losers by 144 shares, with 597 gainers, 453 losers and 384 shares unchanged.

The best performers of the session on the ASX 200 were, Resolute Mining Ltd rising by 4.44%, Western Areas Ltd adding 0.090 points and G8 Education Ltd gaining 4.13% to settle at 3.530.

The worst performers of the session on the ASX 200 were, Isentia Group Ltd shading by 2.60%, Sims Metal Management Ltd dropping 0.325 points and Retail Food Group Ltd falling by 2.28% to end at 5.150.

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