Asian equity markets ended in mixed territories on Tuesday after investors digest better-than-expected U.S Jobs data, investors are also keeping a cautious eye on North Korea’s response to the recent U.N sanctions.
Geopolitical uncertainty in Korean Peninsula continues to rise, as North Korea’s persistence on testing its intercontinental ballistic missiles saw an adverse response from the international community after the United Nations unanimously imposed new sanctions on North Korea. Furthermore, analysts at Reuter estimated that newly impose sanction will reduce Pyongyang’s regimes export revenue by 3 billion dollars.
In Mainland China, Equities finished the session in the green, Shanghai’s leading benchmark Shanghai Composite rose by 0.11 percent, or 3.49 points to close at 3,282.95, and Shenzhen Composite added 0.37 percent, or 6.88 points, to settle at 1,879.16 at the close. Meanwhile, Hong Kong primary benchmark Hang Seng Index advanced by 0.59 percent, or 164.55 points to trade at 27,854.91 after hours.
Regarding economic data in China, Chinese trade came in weaker than expected for July, with export growth eased to 7.2 percent in July, compared to a growth of 11.3 percent in June. Meanwhile, imports advance by 11 percent, down from a 17.2 percent growth in the previous month.
Elsewhere in Japan, equities fell on Tuesday amid rising geopolitical tensions in the region weighed on Japanese Equities.
Japans leading benchmark Nikkei 225 fell 0.30 percent on Tuesday to settle at 19,963.01 at the close.
Looking at individual stocks, Global car manufacturer Toyota, released better than expected quarterly earnings for 2018 on Friday, the global automaker revised its earnings forecasts for the fiscal year, it estimates operating income of 16.7 billion dollars (1.85 trillion yen) revised up from a previous forecast of 1.6 trillion yen.
Meanwhile, Toshiba surged by 5.86 percent report emerged that the organization’s auditor will approve its financial results for the year ended March.
While Internet and telecommunication giant SoftBank Group, released its first quarter earnings, and the firm announced that operating income rose by 50.1 percent to 4.33 billion dollars (479.2 billion yen), The groups stock has increased by 2.38 percent intra-day.
Elsewhere in Australia, Australian equities traded lower on Tuesday, the Aussie index ASX 200 lost 0.52 percent to settle at 5,743.75 at the close.
Looking at individual stocks, Commonwealth Bank of Australia said that it cancel its CEO bonus, after allegations that the bank breached money laundering law according to the financial intelligence and regulatory agency, the allegation is that the bank's Intelligent Deposit Machines accept large amounts of money without the monitoring of the user's identities the Commonwealth Bank.
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