INGOT Brokers Australia | Asian market report (2017-06-05)

Asian market report (2017-06-05)

Overview:

On Monday, Asian markets end the session mixed as terrorist attacks in London weighed on sentiment, investors were cautious as the attacks could possibly influence the upcoming United Kingdom’s parliamentary election on June 8th.

In Mainland China, benchmarks ended Monday’s session mixed despite positive economic data, The Caixin services PMI reflected showed a reading of 52.8 thus indicting growth in the sector. Hong Kong’s main benchmark Hang Seng fell by margin of 0.24 percent to trade at 25,862.99 at the close, while Shanghai composite dropped 0.45 percent to settle down at 3,091.66. On the other hand, Dow Jones Shenzhen gained 0.51 percent to end the session at 484.28.

Elsewhere, South Korea’s main benchmark Kospi index was down by 0.13 percent to close at 2,368.62.

 

The Japanese Stock Exchange:

Japanese stocks ended Monday’s session slightly lower as risk sentiment and strength of the yen weighed on prices, drops in Gas & Water, Food and Pharmaceutical Industry Sectors drove shares downwards.

Japans benchmarks Nikkei 225 fell by a slight margin of 0.03 percent to end the session at 20,170.82.

The benchmark’s best performers on Monday’s session were Yaskawa Electric Corp. whom gained 4.01 percent to end the session at 2,410.0. Followed by Konami Corp. that rose 3.66 percent to trade at 5,660.0 at the close. Meanwhile, SUMCO Corp. added 3.46 percent to close at 1,915.0.

On the other hand, the worst performers were Hino Motors, Ltd. that saw a drop of 5.05 percent to close the session at 1,315.0, and Trailed by Toho Zinc Co., Ltd. which fell by 4.73 percent to trade at 423.0 and NTN Corp. declined 4.37 percent to end at 525.0.

Overall declining stocks outnumbered the rising ones by 1531 to 1525 and 330 closed flat in Monday’s session.

USD/JPY rose by rose by 0.14 percent to trade at 110.55, while EUR/JPY fell 0.19 percent to trade at 124.32. 

   

Australia Stock Exchange:

In Australia, Shares closed lower on Monday, driven down by losses in Financials, Metals & Mining and Resources sectors.

The Aussie Benchmark ASX 200 fell 0.57 percent to end Monday’s session at 5,754.87.

The best performers of the session on AXS 200 were Vocus Group Ltd which was up by a margin of 4.33 percent to end the session at 2.890. While, Costa Group Holdings Ltd appreciated by 3.67 percent to trade 4.800 at the close, followed by Aconex Ltd which rose 3.56 percent to end at 4.360.

Meanwhile, the Worst performers in the session were Retail Food Group Ltd whom dropped 11.30 percent to end at 4.630. Meanwhile, Metcash Ltd tumbled 6.02 percent to close at 2.030 and Asaleo Care dropped 5.41 percent to end the session at 1.400.

The Australian Stock Exchange saw the number of falling stocks outweigh the number of rising ones by 596 to 497, while 340 remained flat.

The AUD/USD gained 0.36 percent to trade at 0.7468.

 

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