Asia Pacific stock indices closed mainly in the green zone

Asia Pacific stock indices closed mostly with growth, tracking growth on Wall Street. Interest in purchases in some markets in the region was slightly depressed, as investors remained a bit cautious due to concerns about global growth and doubts that the United States and China would soon agree on a long-term trade deal.

The Australian market closed in the green zone, led by rising stocks in finance, health and energy. Shares of information technology, telecommunications, resources and industry showed mixed dynamics.

Shares of Orocobre went up by 5.7%, and Emeco Holdings – by 5%. Paper Bega Cheese Limited rose in price by more than 3.5%, Infigen Energy – by 3.5%, and Galaxy Resources – by 3.25%.

The Japanese market closed with a decline, after the recent strong growth. Some disappointing economic data also contributed to market weakness.

Shares of pharmaceutical, energy and retail companies have lost their positions.

The market value of Fujikura increased by 3.6%, Furukawa Electric – by 4.2%, and Toshiba Corp. – by almost 3.5%.

Shares of Mitsui Mining, Nissan Chemicals, Yahoo Japan, Okuma Corp., Sumitomo Metal Mining, Nitto Denko, Nippon Electric Glass, TDK, Sumitomo Chemical, Advantest Corp. and JTEKT Corp. went up by 2-3%.

J Front Retailing paper fell almost -9%, showing the worst figure in the Nikkei index. Shares of Sapporo Holdings, Familymart, TOTO, Takashimaya, Aeon and Otsuka Holdings fell in price by -3–5%.

On economic news, unemployment in Japan rose to a seasonally adjusted 2.5% in November, according to data released by the Ministry of Internal Affairs and Communications. Economists had expected unemployment at 2.4%.

A report by the Ministry of Economic Affairs and Industry showed that industrial production in Japan declined in November from a seasonally adjusted 1.1% compared with the previous month, exceeding expectations of a decline of 1.5% after rising 2.9% in October. In annual terms, industrial production increased by 1.4%.

Meanwhile, retail sales in Japan declined to a seasonally adjusted 1% in November, after rising 1.3% in October.

The Chinese market has rebounded from a failure in the previous session. The Shanghai Composite Index rose 0.44%.The market has grown due to growth in finance, consumer goods, utilities, electricity and the hospitality industry.

Shares of information technology, insurance, energy and telecommunications were weak.

Index Change, points Closing price Changes in %
NIKKEI -62.85 20014.77 -0.31%
SHANGHAI +10.81 2493.90 + 0.44%
HSI +25.32 25504.20 + 0.10%
ASX 200 +57.10 5654.30 + 1.02%
Cospi +12.60 2041.04 + 0.62%
Nz50 +8.97 8783.49 + 0.10%
Spread the love

Related Articles

Leave a Reply

%d bloggers like this:

Our website uses cookies and thereby collects information about your visit to improve our website (by analyzing), show you Social Media content and relevant advertisements. Please see our cookies page for furher details or agree by clicking the 'Accept' button.