INGOT Brokers Australia | Asian market report (2017-06-01)

Asian market report (2017-06-01)

Overview:

On Thursday, The Asian session saw markets in Asian close in mixed territory, market were influenced by mixed economic data as manufacturing survey indicated a rise in Japan, Meanwhile showed a weaker figure in China.

Economic data in China saw Caixin manufacturing PMI show a reading of 49.6, making this the lowest reading in 11- months, thus indicating a contraction as the figure was below the expansion level of 50.1.

Mainland China Benchmarks Hang Seng, Shanghai Composite end the session mixed despite weak economic data, Hong Kong’s Hang Seng rose by 0.58 percent to trade at 25,809.22 at the close, While Shanghai Composite dropped by 0.50 percent to end the session at 3,102.62.

Elsewhere, South Korean Benchmark Kopsi fell by 0.12 percent amid China’s weaker than expected manufacturing PMI to end Thursday’s session at 2,344.61.    

 

The Japanese Stock Exchange:

Japanese stocks ended Thursday’s session in the green, due to advances in Non-Precision Instruments, Trading and Electrical/Machinery Sector pushed shares upwards. Equities were supported by better than expected economic data as both Manufacturing PMI and Capital spending showed better than expected readings.

Japans benchmarks Nikkei 225 Surged by a margin of 1.07 percent to end the session at 19,860.03.

The benchmark’s best performers on Thursday’s session were Amada Co., Ltd. whom gained 4.50 percent to end the session at 1,348.0. Followed by Tokyo Electron Ltd. that rose 4.37 percent to trade at 16,375.0 at the close. Meanwhile, Showa Denko K.K. added 3.86 percent to close at 2236.0.

On the other hand, the worst performers were Toyobo Co., Ltd. that saw a drop of 2.05 percent to close the session at 191.0, and Trailed by Toho Zinc Co., Ltd. which fell by 1.64 percent to trade at 419.0 and Toshiba Corp. declined 1.51percent to end at 247.9.

Overall rising stocks outnumbered the declining stocks by 2313 to 752 and 308 closed flat in Wednesday’s session.

USD/JPY fell by 0.33 percent to trade at 111.11, and EUR/JPY was down 0.18 percent to trade at 124.76. 

   

Australia Stock Exchange:

In Australia, Shares closed higher on Thursday, driven up by gains in Utilities, Healthcare and Gold sectors.

The Aussie Benchmark ASX 200 gained 0.24 percent to end Thursday’s session at 5,738.13.

The best performers of the session on AXS 200 were Primary Health Care Ltd which was up by a margin of 6.25 percent to end the session at 3.910. While, Healthscope appreciated by 5.94 percent to trade 2.140 at the close, followed by Northern Star Resources Ltd which rose 4.03 percent to end at 4.910.

Meanwhile, the Worst performers in the session were Syrah Resources Ltd whom dropped 6.20 percent to end at 2.570. Meanwhile, Fortescue Metals tumbled 3.71 percent to close at 4.670 and Estia Health Ltd dropped 3.45 percent to end the session at 3.080.

The Australian Stock Exchange saw the number of falling stocks outweigh the number of rising stocks by 543 to 536, while 356 remained flat.

The AUD/USD dropped 0.42 percent to trade at 0.7398.

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