In Chinese news, trade reports were worse than expected for the month of February as the sensitive trade between China and the United States narrowed sharply to 14.72 billion dollars in February from 27.3 billion dollars in January.
The mainland Chinese markets were in the red at the close of today’s session. The Shanghai Composite cratered by 4.40 percent or 136.5565 points to settle at 2,969.861 dragged by the Consumer Non-Cyclicals sector with losses by 1.5 percent. Meanwhile, DJ Shenzhen fell by 3.83 percent or 17.29 to end at 434.66.
Hong Kong’s main index Hang Seng closed Friday’s trading session on red notes, dragged by the Healthcare and Consumer Cyclicals sectors to drop by 1.93 percent or 555.24 points to end at 28,224.21. In healthcare news, China life insurance Co Ltd dropped by 3.96 percent was the worst performer in the sector.
On the other hand, South Korean main index finished today’s session in the red falling by 1.31 percent or 28.35 points to end at 2,137.44, pulled by the losses in Consumer Cyclicals and Technology sectors.
In automotive news, Hyundai Motor one of the largest automaker companies, saw its stock drop by 4.38 percent.
Japanese Stock Market:
Japanese stocks ended lower in today’s session where the main index Nikkei plunged by 2.01 percent or 430.45 points to finish the session at 21,025.56, as most of the index sectors ended in the red zone primarily with Basic Materials, Technology and Financials sectors that declined more than 2 percent.
In economic news, Japan Gross Domestic Product (GDP) grew to reach 0.5 percent higher than the previous period 0.3 percent, and higher than expected that was at 0.4 percent.
In corporate news, Kawasaki Kisen Kaisha Ltd was the worst performer for today’s trading session falling by 12.63 percent, while Krin Holdings Co Ltd was the best performer to end the session higher by 2.27 percent.
In the Forex pace, the Japanese Yen fell against the Greenback to trade at 111.028 at 9:00 GMT.
Australian Stock Market:
Australia’s S&P/ASX200 ended Thursday’s session in the red as it inched down by 0.96 percent or 60.100 points to close at 6,203.800, dragged by the losses in Energy and Financials that fell by 1.65 percent and 1.26 percent respectively.
In Energy space, declines in oil prices pushed energy stocks to a 3-week closing low, with the index declining for a second straight week.
In financial news, the financial sub-index slumped 1.6 percent and snapped two sessions of weekly gains with a 0.9 percent decline according to Reuters.
In the Forex market, the Aussie rose against its counterpart the U.S. Dollar to trade at 0.70157 at 9:00 GMT.
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