Asian Market Report, 21st of October 2019

Asian shares were in green territories on Tuesday, cheered by an improvement in investor sentiment around current negotiations between the United States and China.

On CNBC news, “Donald Trump’s chief economic adviser Larry Kudlow said that while the decision is entirely up to the U.S. President, he sees the possibility of taking off the threatened December tariff hikes if trade talks go well.”

The mainland Chinese markets finished today’s session in green. The Shanghai Composite rose by 0.50 percent to close at 2954.38 powered by the gains in Technology, Healthcare sectors.

Hong Kong’s main index Hang Seng rose on today’s session and finished at 26786.20. The gains in Consumer Cyclicals and Technology sectors, while the Telecom sector suffered the all lose.

Moreover, South Korea's main index (Kospi) added 1.16 percent on Tuesday’s session, led by gains in Healthcare, Energy and Technology sectors to end the session at 2088.86.

 

Japanese Stock Market:

Japanese stocks rose on Tuesday, as the primary index NIKKEI 225 finished the session at 22548.90 that increased by 0.25 percent. The Telecom, Financials and Energy sectors were the sectors that added the most gains.

In stocks news, Daiwa House Industry Co Ltd was the best performer in today’s trading session, as its share rose by 2.48 percent, while Taiyo Yuden Co Ltd was the worst performer and ended the session 2.71 percent lower.

In the Forex pace, the Japanese Yen weakened against the Greenback and traded at 108.55 at 8:00 GMT.

 

Australian Stock Market:

Australia’s S&P/ASX200 index rose on Monday and closed the session at 6672.20. Boosted by the gains in Basic Materials sector that rose by 1.15 percent, followed by Energy sector with 0.66 percent growth, while Healthcare sector declined by 0.17 percent.

In stock pace, CYBG PLC was the best performer of the session as the share boosted by 9.60 percent, while Super Retail Group Ltd was the worst performer after its stock fell by 8.58 percent.

In the Forex market, the Aussie fell against its U.S. counterpart to trade at 0.68603 at 8:00 GMT.

 

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