Equities in Asia were in the red after today’s close following the mixed corporate earnings with some major US companies missing their forecasted earnings despite the decline of the Australian Dollar.
The Australian stock market index ASX 200 fell by 1.42 percent or 82.12 points to settle at 5,702.81 as the market’s shares were mostly losers dragged by losses from its key sectors such as Banking and Mining.
In the banking sector, Commonwealth Bank, National Australia Bank, ANZ Banking and Westpac are lower in a range of 1.1 percent to 1.4 percent.
Moreover, Cochlear and CSL were down by two percent and Ramsay Healthcare lost near two percent in the health care sector.
The mining sector also witnessed some losses with, BHP Billion down by 0.6 percent, Rio Tinto dropping nearly one percent, Newcrest Mining falling by 0.5 percent and Evolution Mining losing almost 1 percent.
Meanwhile that oil prices are near their eight week’s high, Oil Search and Santos lost almost 1 percent, while Woodside Petroleum edged slightly higher.
Japanese equities were lower following the key disappointing earnings from Wall Street as well as the mixed economic data and the stronger Yen.
Retail sales for June rose by 2.1 percent below the 2.3 percent expected on its yearly basis. Meanwhile, the core consumer prices gained 0.4 percent on its yearly basis in June in line with its expectations.
Japan's Nikkei 225 dropped by 0.6 percent, or 119.8 points to end at 19,959.84.
Over the disappointing earning report that came below its forecast, Nissan settled down 4.11 percent after announcing a 12.8 percent on-year fall in operating profit for its fiscal first quarter.
The major exporters were mostly mixed with Sony down by 1 percent, Panasonic up by 0.1 percent and Canon gaining 1 percent.
Toshiba fell by almost eight percent over the speculation that the company is at a great risk of being delisted following a delay in the sale of the company's flash memory unit, in time where it has agreed to pay 2.168 billion Dollar to SCANA to exit from two incomplete nuclear projects undertaken by Toshiba subsidiary Westinghouse.
In the banking sector, Mitsubishi UFJ Financial fell by one percent and Sumitomo Mitsui Financial was mostly unchanged, while the automakers were slightly lower with Toyota down by 0.1 percent and Honda losing 0.1 percent.
Equities in China were mixed with, the Shanghai Composite closing higher by 0.13 percent, or 4.34 points at 3,254.12 and the Shenzhen Composite finished mostly flat line, up 0.129 percent, or 2.41 points, at 1,868.37.
Despite the rising oil prices Chines major energy companies’ PetroChina and China Shenhua shed about 0.8 percent and 1.3 percent, respectively.
Moreover, the technology giant Tencent Holdings fell by 1.2 percent but to remain 60 higher for the year.
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