Asian markets were mixed on Friday due to geopolitical tension in the Korean peninsula which have affected Friday’s session as concerns rose for another North Korean missile test that might take place tomorrow September 9 on the founding anniversary of North Korea.
In China, the Shanghai Composite edged down by 0.01 percent to end the session at 3,365.24 points moreover CSI300 also edged down by 0.1 percent to settle at 3,825.99 points, on the other hand, Hong Kong’s main index Hang Seng ended the session in green gaining 0.59 percent to settle at 27,684.00 points. Pressured by China's trade balance data which came in at a surplus of $41.99 billion, less than the $48.6 billion expected for August. While imports jumped 13.3%, better than the 10% gain seen, and exports rose 5.5 percent compared to 6 percent expectations.
South Korea’s leading index Kospi fell by 0.11 percent to close at 2,343.72
Japan’s leading index ended Friday’s session in red territories pressured by losses in insurance and communication sectors, further more in the economic news the Cabinet Office said that Japan's gross domestic product was revised down to 0.6 percent in the second quarter of 2017 missing expectation of 0.7 percent.
Major exporters shares ended the session mostly in red as canon lost 1 percent followed by Mitsubishi electric and Panasonic losing 0.6 and 0.5 percent respectively, Sony was the only major exporter to end the session in green advancing by 1 percent.
Among large oil companies, Inpex declined by 0.5 percent, and Japan petroleum exploration edged down by nearly 1 percent pressured by oil prices falling overnight.
Australia’s main index edged lower in Friday’s session losing 0.3 percent to close the session at 5,672.62 points pressured by losses in the Energy, Financials and Telecoms Services sectors.
The big for banks Westpac, National Australia Bank and ANZ Banking edged lower on Friday’s session ranging between 0.3 percent to 0.7 percent.
Commonwealth Bank of Australia fell by 1 percent after Australia's banking regulator announced plans for a major investigation into scandals regarding money laundering
Australia's financial intelligence and regulatory agency accused CBA of "serious and systemic noncompliance" with anti-money laundering rules which have allowed criminals and terrorists to wash millions of dollars through its system.
The Lawsuit could potentially expose the bank to the biggest corporate fine in Australian history amounting billions of dollars.
Among the mining companies, BHP Billiton added 0.2 percent and riot into rose by almost 1 percent supported by the higher gold prices
© Copyright 2017
The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects Gotinsiders.com current judgment and may change without notice. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterized by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.