Asian Market Report, 27th of March 2019

Asian stocks ended Wednesday’s session in mixed territories as investor concerns and fears over the outlook for the global economy remained negative.

However, while the optimism and confidence that has characterized most of 2019 have been shaken in the last couple of weeks, a weak round of U.S. data was incapable of preventing a rebound in New York on Tuesday, with all three main indexes ending higher.

 The mainland Chinese markets advanced at the end of today’s session. The Shanghai Composite finished the session higher, adding 0.85 percent or 26.624 points to close at 3022 supported by the improvement in the Healthcare, Consumer Non-Cyclicals, and Basic Materials sectors.

Hong Kong’s main index Hang Seng finished today’s session higher, adding 0.56 percent or 161 points to close at 28728.25. Consumer Non-Cyclicals, Consumer Cyclicals, and Healthcare sectors were the sectors that gained the most.

Elsewhere, the South Korean main index KOSPI ended today’s session lower, declining by 0.15 percent to close at 2145.62 pressured by losses in Healthcare, Utilities, and Consumer non-Cyclicals sectors.


Japanese Stock Market:

Japanese stocks finished Wednesday’s session lower where the main index fell by 0.23 percent or 49.6 points to settle at 21378.7 pressured by losses in most of the sectors, especially Utilities, Telecommunications Services, and Consumer Cyclicals sectors.

In corporate news, CyberAgent Inc was the best performer of today’s trading session that rose by 3.33 percent. On the other hand, Matsui Securities Ltd Ltd was the worst performer of the session that fell by 8.54 percent.

In the Forex news, the Japanese Yen rose against the Greenback to trade at 110.300 at 11:00 GMT.


Australian Stock Market:

Australia’s main index S&P/ASX200 closed today’s trading session higher, as it rose by 0.9 percent to settle at 6136. There was a decline in multiple sectors in today’s session, but gains in Basic Materials, Technology, and Telecommunications Services sectors were enough to offset losses.

In corporate news, Eclipix Group Ltd was the best performer in today’s trading session, as it surged by 22.81 percent after suffering from huge losses yesterday. On the other hand, Tassal Group Ltd was the worst performer of the session that tumbled by 6.45 percent.

In the Forex market, the Aussie fell against the Greenback to trade at 0.70974 at 6:00 GMT.


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