Most of the Asian equities ended today’s session in the green as investors are keeping an eye on the annual symposium in Jackson Hole by Fed Reserve later this week.
Moreover, investors are focusing on the developments on the Korean Peninsula as joint North Korea-U.S military drills continue. Despite the number of U.S Personnel participating in war games has been reduced, North-Korea said that the drills developments are reckless.
Also, U.S president Donald Trump sets a plan to stay in Afghanistan with more pragmatic and tougher approach on cost and benefits, as well as he expected help from partners such as Pakistan.
Elsewhere in China, Shanghai Composite Index rose by 0.13% to settle down at 3,291.03. Hang Seng index was up by 1.01% to trade at 27,401.67, while Kospi increased by 0.44% to settle up at 2,365.33.
Looking at specific stocks in the area, China Overseas Land’s stock which listed in Hong Kong Stock Exchange, rose by more than 5% as they announced that, their full-year sales target increased by 10%. Also, the stock of Guangzhou R&F Properties added 8.49%, while China Vanke’s share gained 5.66%.
In the energy sector, oil prices rebounded from Monday’s losses as Texas Crude oil advanced by 0.63% reached $47.67, while Brent Crude oil added 0.66% to settle up at $52.
Meanwhile, in Japan, Nikkei 225 dropped by 0.05% reached its lowest level since three months at 19,383.84 pressured by the losses generated by Banking and Transportation Equipment sectors.
Among the major Exporters, Panasonic, Canon and Mitsubishi Electric declined by 0.2% each, while Sony gained 0.7%. Among Automakers, Honda was up at 0.3% while Toyota's share fell by 0.2%.
In oil space, Japan Petroleum Exploration’s stock edged down by 0.2%, and Inpex’s share decreased by 0.3% as the prices of oil rose overnight.
Elsewhere in Australia, S&P/ASX added 0.42% to trade at 5,750.12 supported by the gains in Industrials and Metals & Mining Sectors.
In mining space, Fortescue Metals and BHB Billiton advanced by more than 1% each, while Rio Tinto rose by almost 1%.
Despite the increase in gold prices overnight, gold miners were weaker in Tuesday’s session, where Evolution Mining dropped by 0.4%, while Newcrest Mining edged down by 0.1%.
Among the big four banks, Commonwealth Bank, ANZ Banking, and National Australia Bank were down in a range of 0.1% to 0.6%, while Westpac added 0.3%.
As in oil sector, Santos rose by 0.2 percent, while Woodside Petroleum shed by less than 0.1 percent.
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