INGOT Brokers Australia | Asian market report (2017-07-06)

Asian market report (2017-07-06)

Overview

Asian stock markets ended Thursday’s trading session lower after the losses in oil prices which dropped around 4 percent in the U.S trade, also investors are analyzing the minutes from the Federal Open Market Committees’ June meeting released yesterday.

The minutes reflected that several Fed officials had noted their concern over the impact of interest rate hikes on the markets. Officials were also divided over when the unwinding of the Fed's balance sheet would begin.

Furthermore, equity markets in China closed Thursday’s trading session in red pressured by the losses in the consumer and health care sectors, offsetting strong gains in resource stocks on expectations of robust mid-year results. The Hang Seng Index was off by 0.1 percent. Mainland stocks reversed losses to close higher. The Shanghai Composite rose 0.17 percent, or 5.3775 points, to close at 3,212.5117, and the Shenzhen Composite gained 0.076 percent, or 1.4479 points, to finish the session at 1,914.5858.

Japan Stock Market

Japan stock markets ended today’s trading session in red pressured by the losses Warehousing, Railway & Bus and Pharmaceutical Industry sectors. The Nikkei 225 fell 0.44 percent to close at 19,994.06.

The Japanese equity market was effected by the rise in the 30-year Japanese government bond yields (JGB) which rose to 0.893 percent reaching its highest level since February 23.

The best performers of the session on the Nikkei 225 were Nikon Corp. which rose 4.76% or 84.0 points to trade at 1849.0 at the close. Meanwhile, Kajima Corp. added 3.91% or 37.0 points to end at 983.0 and Shimizu Corp. was up 2.53% or 30.0 points to 1216.0 in late trade.

The worst performers of the session were Toyo Seikan Group Holdings, Ltd. which fell 3.02% or 57.0 points to trade at 1828.0 at the close. Okuma Corp. declined 2.82% or 31.0 points to end at 1067.0 and Pioneer Corp. was down 2.70% or 6.0 points to 216.0.

 

Australia Stock Market

Australia stock market ended Monday’s trading session in the red after loses recorded in the Utilities, Healthcare and A-REITs sectors. The S&P ASX 200 lost 0.08 percent to close at 5,758.8.

The Australian dollar slipped to trade at $0.7598 despite positive trade surplus figures in May. That was below the $0.76 handle seen over the past week, but off a session low of $0.7582.

Australia's trade surplus had widened in May due to a recovery in coal exports, May’s surplus rose to A$2.47 billion ($1.88 billion), compared with the A$1.1 billion forecast

The best performers of the session on the S&P/ASX 200 were Flight Centre Ltd which rose 10.67% or 4.265 points to trade at 44.225 at the close. Meanwhile, Syrah Resources Ltd added 7.83% or 0.220 points to end at 3.030 and Galaxy Resources Ltd was up 6.40% or 0.110 points to 1.830 in late trade.

The worst performers of the session were Sonic Healthcare Ltd which fell 3.75% or 0.910 points to trade at 23.370 at the close. Mayne Pharma Group Ltd declined 2.42% or 0.025 points to end at 1.010 and Infigen Energy was down 2.33% or 0.018 points to 0.733.

 

 

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