Asian stocks mixed ashope rises on US-China trade

Asian stocks were mixed on Tuesday, as investors monitored further progresses on the U.S.-China trade war, with the biggest two economies working toward a deal.

The mainland Chinese markets finished today’s session lower. The Shanghai Composite fell by 0.87 percent to settle at 2954.18, pressured by losses in Telecommunications Services, Technology, and Basic Materials sectors.

Hong Kong’s main index Hang Seng edged lower on today’s session and settled at 26786.76. Gains in Healthcare, Consumer Non-Cyclicals, and Industrials sectors were not enough to offset losses in the Technology and Telecommunications Services sectors.

Also, South Korea's main index (Kospi) fell by 0.04 percent on Tuesday’s session, due to losses in Technology sectors.

In Energy pace, Oil prices fell on expectations for a rise in U.S. crude inventories and fading optimism over a U.S.-China trade deal.

 

Japanese Stock Market:

Japanese stocks rose on Tuesday, as the primary index NIKKEI 225 finished the session at 22974.13. The Basic Materials, Telecommunications Services,  and Financials sectors were the sectors with most gains.

In stocks news, Nitto Denko Corp was the best performer in today’s trading session, as its share rose by 6.48 percent, while M3 Inc was the worst performer and ended the session 4.79 percent lower.

In the Forex pace, the Japanese Yen fell against the Greenback and traded at 108.930 at 10:00 GMT.

 

Australian Stock Market:

Australia’s S&P/ASX200 index was barely changed on Tuesday’s session and finished the session at 6745.4. The Technology, Basic Materials, and  Healthcare sectors were the sectors with most gains.

In stocks news, SpeedCast International Ltd was the best performer of the session as the share advanced by 11.17 percent, while Bega Cheese Ltd was the worst performer after its stock dropped by 12.80 percent.

In the Forex market, the Aussie rose against its U.S. counterpart to trade at 0.68463 at 10:00 GMT.

 

 

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