Asian markets mixed as US equities close mixed

Asian markets were relatively unmoved, as investors read through the Chinese production data and watch the developments as Trump visits Asia. The markets also took lead from the US equities which posted mix results during the day.  

Japanese Index “Nikkei 225” lose 0.27 percent on Wednesday after hitting 26 years high. However, across the Korean Strait the Kospi turned positive climbing more than 0.11 percent after trading yesterday. The index was pulled up by gains in blue chip stocks offsetting the losses from Tech and Financial sector.

Out back, ASX/S&P 200 moved up 0.09 percent. Heavily weighted financials in the index helped the index gain 0.72 percent.

Chinese stocks erased all their early losses to report modest gains. Hong Kong’s Hang Seng index rose 0.3 percent. In the mainland China, the Shanghai Composite added 0.54 percent and the Shenzhen Composite moved up at 0.685 percent.

October Data from the Chinese authorities show that China’s exports grew by more than 6.5 percent, compared to 7.2 percent expected by analysts across the country. However, China's surplus with the U.S., meanwhile, declined to $26.2 billion from $28.08 billion last month.

 

Posted on: 2017-11-08T11:54:00+05:00