Asian Market Report, 22nd of August 2019

Asian stock markets ended Thursday’s trading session on mixed notes as Shanghai Composite, and Shanghai Shenzhen ended higher while Hang Seng and KOSPI finished the session in the red.

The mainland Chinese markets finished today’s session in the green. The Shanghai Composite rose by 0.11 percent to settle at 2,883.44 due to significant gains in Consumer Non-Cyclicals sectors that rose by more than 2 percent. Furthermore, Shanghai Shenzhen gained by around 0.31 percent to settle in the green at 3,793.51 supported by the gains in Consumer Non-Cyclicals, Healthcare and Consumer Cyclicals sectors.

On the other hand, Hong Kong’s main index Hang Seng dropped on Thursday, as Utilities, Industrials and Telecom Services pressured the index to end the session down by 0.84 percent to finish at 26,048.72 at the end.

Furthermore, South Korea main index, Kospi, fell by 0.69 percent on Thursday, the index was stressed by the losses in Healthcare, Basic Materials, and Technology sectors.

 

Japanese Stock Market:

Japanese stocks gained on Thursday, as the primary index Nikkie 225 closed the session 0.05 percent higher at 20,628.01 after the gains in Consumer Non-Cyclicals, Industrials and Consumer Cyclicals sectors supported the index.

In stocks news, Shiseido Co Ltd was the best performer in today’s trading session, as its share rose by 5.55 percent to end in the green. Also, Screen Holdings Co Ltd gained around 3.28 percent to settle higher at the end of the session.

In the Forex pace, the Japanese Yen rose against the Greenback to trade at 106.397 at 10:00 GMT.

 

Australian Stock Market:

Australia’s S&P/ASX200 index rose by 0.29 percent on Thursday and settled the session higher at 6,501 at the close. The index was supported by the gains in all sectors, except for Basic Materials and Industrials sectors.

In stocks news, Pro Medicus Ltd and Vocus Group Ltd were the top performers in today’s session, boosting by 16.14 percent and 9.59 percent respectively. On the other hand, IDP Education Ltd was the session’s worst performer, as the stock fell by 10.42 percent to finish the session in the red.

In the Forex market, the Aussie Dollar fell against its U.S. counterpart to trade at 0.67681 at 10:00 GMT.

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