Asian Market Report

Asian stock markets closed mixed on Thursday’s session as investors showed caution over the outlook for global growth as they awaited the outcome of China-U.S. trade negotiations.

Over in mainland China, Shanghai Composite SSEC rose by 0.14 percent or 4.31 points to close at 3,106.4179 supported by Technology, Basic Materials and Industrials sectors.On the other hand, the blue-chip index Shanghai Shenzhen CSI 300 fell by 1.04 percent or 39.24 points to settle at 3,808.84970 pressured by Consumer Non-Cyclicals, Consumer Cyclicals and Healthcare sectors.

Furthermore, Hong Kong's main benchmark Hang Seng ended today’s session in the red falling slightly by 0.89 percent to settle at 28,779.45 pressured by the decline in Healthcare, Consumer Cyclicals and Technology sectors.

Meanwhile, in South Korea, the KOSPI index ended the session lower, declining 0.45 percent or 9.81 points to close at 2,165.79 pressured by the losses in Basic Materials, Utilities, and Energy sectors.

Japanese Stock Market:

Japanese stocks finished Thursday’s session lower where the main index fell by 0.65 percent or 140.80 points to settle at 21,456.01, pressured by losses in Basic Materials, Technology, and Industrials sectors, while the Energy sector was the best performing sector.

In corporate space; the top performers were Maruha Nichiro Corp which rose by 2.14 percent followed by Sumitomo Realty & Development which added 1.90 percent.

On the other hand, Sumco Corp and Taiyo Yuden Co tumbled by 6.16 percent followed by NTN Corp which dropped by 5.70 percent respectively.

In the forex market, the Japanese Yen fell against the US Dollar to trade at 111.715 USDJPY at 10:00 GMT.

Australian Stock Market:

Australia’s main index S&P/ASX200 closed Thursday’s trading session in the green as it rose by 0.29 percent or 18.300 points to close at 6,263.900 supported by gains in Telecommunications Services, Consumer Cyclicals, and Utilities sectors.

In stocks news, Super Retail Group Ltd was the top performer which added 4.81 percent or 0.35 points followed by Costa Group Holdings Ltd which rose by 4.63 percent or 0.24 points.

On the other hand, Rio Tinto Ltd was the worst performer which tumbled by 4.76 percent followed by Syrah Resources Ltd which fell by 4.28 percent.

In the currency market, the Aussie rose versus the U.S. to trade at 070415 AUDUSD at 10:00 GMT. 

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