The Nikkei225 finished 0.24 percent higher to 21,301; the Hang Seng benchmark in Hong Kong finished 0.59 percent lower at 27,784. The Shanghai Composite lost 0.41 percent to 2,870 while in Singapore the FTSE Straits Times index finished 0.77 percent lower at 3,205. Australian stocks rallied to a fresh 11.5 year high, as investors responded to the Federal Election result.
The Nikkei225 lost 0.86 percent to 21,163, and the Hang Seng benchmark in Hong Kong finished 0.84 percent higher at 28,550. The Shanghai Composite lost more than 1 percent to 2,905 while in Singapore, the FTSE Straits Times index finished 1.20 percent lower at 3,234. Australian stocks slipped 13 points or 0.2% to 6,297, snapping a two-session winning streak.
Asian markets were under selling pressure today following a sell-off on Wall Street overnight sparked by ongoing worries about a breakdown of trade talks between China and the US. The Nikkei225 opened with a gap lower today and lost 1.46 percent to 21,602, and the Hang Seng benchmark in Hong Kong finished 0.93 percent lower at 29,091. The Shanghai Composite lost 0.64 percent to 2,906, while in Singapore, the FTSE Straits Times index finished 0.97 percent lower at 3,280.
Asian markets rebound today after yesterday’s plunge as traders keep an eye around the US-China trade developments after US President Trump threatened to more than double tariffs on US$200bn in Chinese imports from 10 percent to 25 percent. The Nikkei225 lost 1.51 percent to 21,923 as it reopens after the 10-day break.
Asian markets plunge today after US President Trump threatened to more than double tariffs of US$200bn on Chinese imports from 10 percent to 25 percent. The Wall Street Journal reported that China considers canceling the trade talks scheduled for this week following Trump’s tweets.
With most Asian markets closed on Wednesday, New Zealand equities fell, and Australian equities rebounded from a two-session slump, kicking off May in positive territory. The benchmark ASX200 Index was boosted by a rally in the financial sector, while the energy and mining stocks reclaimed some recent losses.
Asian stocks finished mostly lower today after China’s manufacturing activity failed to meet expectations and U.S.-China trade talks resume. The Hang Seng benchmark in Hong Kong finished 0.66 percent lower at 29,697. Japanese markets are closed. The Shanghai Composite finished 0.37 percent higher at 3,073 and in Singapore, the FTSE Straits Times index finished 0.33 percent lower at 3,395.
Equity markets today opened on a positive note in the Asian market, supported by positive influence from upbeat US GDP data and positive Chinese industrial sector data. However, lingering concerns of global economic slowdown put a dent on positive price momentum resulting in Asian markets seeing a divided close in major stock exchanges.
Asian stocks finished mixed for one more day after a strong GDP figure from the USA on Friday and Europe continues to struggle under the weight of weaker economic data and political uncertainty. The Hang Seng benchmark in Hong Kong finished 0.90 percent higher at 29,875. Japanese markets are closed for 10 consecutive days.
Asian stocks finished mixed for one more day closing the first negative week for the month, on worries that China has put any further stimulus on hold as the economy shows signs of recovery and Europe continues to struggle under the weight of weaker economic data and political uncertainty.