INGOT Brokers AU | Asian market report (2017-06-06)

Asian market report (2017-06-06)


On Tuesday, Asian markets end the session in mixed territory as traders were being cautious in light of the upcoming British election on Thursday and former FBI chief James Comey set to testify to Congress.

In Mainland China, benchmarks ended Tuesday’s session in the green after the release positive economic data on Monday, The Caixin services PMI reflected showed a reading of 52.8 thus indicting growth in the sector. Hong Kong’s main benchmark Hang Seng rose by margin of 0.59 percent to trade at 26,019.50 at the close, while Shanghai composite was up by 0.35 percent to settle higher at 3,102.13. And Dow Jones Shenzhen gained 0.68 percent to end the session at 487.57.

Elsewhere, South Korea’s main benchmark was closed for Memorial Day.


The Japanese Stock Exchange:

Japanese stocks ended Tuesday’s session lower as risk sentiment and strength of the yen weighed on prices, drops in Steel, Finance & Investment and Automobiles & Parts drove shares downwards.

Japans benchmarks Nikkei 225 fell by a slight margin of 0.95 percent to end the session at 19,979.90.

The benchmark’s best performers on Tuesday’s session were Asahi Kasei Corp. whom gained 2.88 percent to end the session at 1,125.0. Followed by Toshiba Corp. that rose 2.58 percent to trade at 262.4 at the close. Meanwhile, Advantest Corp. added 2.23 percent to close at 2,106.0.

On the other hand, the worst performers were Astellas Pharma Inc. that saw a drop of 4.10 percent to close the session at 1,356.0, and Trailed by Hino Motors, Ltd. which fell by 3.88 percent to trade at 1,264.0 and Chugai Pharmaceutical Co., Ltd. declined 3.55 percent to end at 4,210.0.

Overall declining stocks outnumbered the rising ones by 2514 to 595 and 243 closed flat in Tuesday’s session.

USD/JPY tumbled by 0.66 percent to trade at 109.71, while EUR/JPY fell 0.66 percent to trade at 123.46


Australia Stock Exchange:

In Australia, Shares closed lower on Tuesday, driven down by losses in Utilities, Energy and IT sectors.

The Aussie Benchmark ASX 200 fell 1.52 percent to end Tuesday’s session at 5,667.47.

The best performers of the session on AXS 200 were Retail Food Group Ltd which was up by a margin of 3.24 percent to end the session at 4.780. While, Whitehaven Coal Ltd appreciated by 3.20 percent to trade 2.580 at the close, followed by St Barbara Ltd which rose 3.14 percent to end at 2.960.

Meanwhile, the Worst performers in the session were Syrah Resources Ltd whom dropped 7.49 percent to end at 2.470. Meanwhile, Galaxy Resources Ltd tumbled 5.94 percent to close at 2.060 and Sims Metal Management Ltd dropped 5.53 percent to end the session at 13.150.

The Australian Stock Exchange saw the number of falling stocks outweigh the number of rising ones by 749 to 334, while 349 remained flat.

The AUD/USD fell 0.05 percent to trade at 0.7479.


© 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 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.