INGOT Brokers AU | Asian market report (2017-07-04)

Asian market report (2017-07-04)

Asian equities were higher in Tokyo and Sydney but weaker in china in early trading session, due to the holiday in U.S market. However, after South Korea launched a tested Missile that landed in Japanese water, Asian equities ended Tuesday’s trading session in red.

Hang Seng index dropped by 1.53% reached 25,359, while Shanghai composite fell by .39% at 3183.47 and DJ Shenzhen dropped by 0.53% at 513.60.

North Korea launched an intermediate-range plastic missile, Korean military said that, the missile flight around 930KM before landed in Japanese Exclusive Economic Area. However, Tokyo said that what happened is violated of UN resolutions, and the prime minister of Japan will ask for constructive roles in effort to stop Pyongyang’s arms program from China and Russia’s presidents.

•          Japanese Market:

As the losses generated by Transportation Equipment, Retail and Real stat sectors, Nikkiei225 dropped by 0.12% to trade at 20,032.25.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2269 to 958 and 256 ended unchanged.

The best performers of the session on the Nikkei 225 were Showa Shell Sekiyu K.K, which rose 7.04% to trade at 1125.0 at the close. Meanwhile, JX Holdings, Inc. added 2.56% to end at 508.8 and Fuji Heavy Industries Ltd. was up 2.52% to 3946.0 in late trade.

The worst performers of the session were Tokai Carbon Co., Ltd, which fell 5.33% to trade at 604.0 at the close. Shiseido Co., Ltd. declined 3.03% to end at 3870.0 and Showa Denko K.K. was down 2.89% to 2619.0.

USD/JPY was down 0.15% to 113.21, while EUR/JPY fell 0.24% to 128.53.

•          Australian Stock Market:

The launched missile by North Korea didn’t affect Australian Stock Market, where Australian stocks were higher as the gains generated by Financials, A-REITs and Telecoms Services sectors, where AUS200 rose by 1.33% to be traded at 5,743.5.

Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 726 to 376 and 328 ended unchanged.

The big four banks are advancing. Commonwealth Bank, National Australia Bank, Westpac and ANZ Banking are higher in a range of 1.9 percent to 3 percent.

Mining heavyweights Fortescue Metals, Rio Tinto, BHP Billiton were trading between 2.2 per cent and 2.7 per cent higher, off the back of stronger commodity prices. However, gold miners were lower as the gold futures prices declined by 1.47% at 1,224.34. Newcrest Mining is down more than 2 percent and Evolution Mining is losing more than 4 percent.

The best performers of the session on the S&P/ASX 200 were Ardent Leisure Group, which rose 7.41% to trade at 2.030 at the close. Meanwhile, Galaxy Resources Ltd added 0.098 points to end at 1.708 and Harvey Norman Holdings Ltd was up 5.26% to 4.000 in late trade.

The worst performers of the session were Evolution Mining Ltd, which fell 4.53% to trade at 2.215 at the close. St Barbara Ltd declined 0.080 points to end at 2.760 and Saracen Mineral Holdings Ltd was down 2.17% to 1.125.

In line with expectation the nation’s central bank kept the interest rate unchanged at 1.5%. AUD/USD was down 0.69% to 0.7608, while AUD/JPY fell 1.07% to 85.92.




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