Asian Market Report, 24th of October 2019

Asian shares were mostly in the green at the end of Thursday’s session, as the latest data showed that South Korea’s economy sustained to slow. Meanwhile, Investors seeking the European Central bank meeting on Thursday.

The mainland Chinese markets closed mixed in today’s session. The Shanghai Composite closed slightly down by 0.02 percent to end the session at 2,940.92 dragged by the losses in Consumer Non-Cyclicals, Technology sectors.

Hong Kong’s main index Hang Seng added 0.87 percent in today’s session and closed at 26,797.95. The gains were mostly in all sectors led by Consumer Cyclicals and Consumer Non-Cyclicals sectors, while Technology sector was struggling to keep up with other sectors.

Furthermore, South Korea's main index (Kospi) rose by 0.24 percent on Thursday’s session, grew by the gains in Energy and Telecom sectors, as Energy sector added 3.45 percent to end the session at 2,085.66.


Japanese Stock Market:

Japanese stocks rose on Thursday, as the primary index NIKKEI 225 rose by 0.55 percent to close the session at 22,750.60. The Energy and Healthcare sectors were the sectors that took the lead between sectors, while Telecom sector lost around 0.31 percent.

In stocks pace, Eisai Co Ltd was the best performer in today’s trading session for the second day, as its stock jumped by 15.30 percent, while Toray Industries Inc was the worst performer and ended the session 4.35 percent lower.

In the Forex pace, the Japanese Yen Powered against the Greenback and traded at 108.667 at 9:00 GMT.


Australian Stock Market:

Australia’s S&P/ASX200 index finished the session higher at 6,693.60 on Thursday. Powered by the gains in Energy and Consumer Cyclicals sectors that rose by 1.54 and 0.97 percent, respectively. However, Technology sector dropped by 0.88 percent.

In stock news, JB hi-Fi Ltd was the best performer of the session as the share rose by 6.77 percent. Meanwhile, WisTech Global Ltd was the worst performer after its stock closed lower by 6.83 percent.

In the Forex market, the Aussie rose against its U.S. counterpart to trade at 0.68310 at 9:00 GMT.


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