Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

Trending :

Asian Stocks open higher

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

Asian Stocks opened higher on Thursday, continuing a strong run of gains, as investors were buoyed by a strong session on Wall Street and a cheaper yen and growing optimism that China and the United States can reach an agreement to avert an all-out trade war.

The Hang Seng Index rose 0.72 percent, or 198.35 points, to 27,605.72 in early trade.

The Shanghai Composite Index added 0.05 percent, or 1.32 points, to 2,732.17, but the Shenzhen Composite Index, which tracks stocks on China's second exchange, edged down 0.13 percent, or 1.86 points, to 1,421.36.

The benchmark Nikkei 225 index was up 0.21 percent, or 49.05 points, at 23,721.57 while the broader Topix index was up 0.33 percent, or 5.87 points, at 1,791.53.

“Japanese trade is seen dominated by purchases in the morning before losing direction, following rises in European bourses and the Dow in New York,” SBI Securities said in a commentary.

With a lack of fresh market-moving events, profit-taking may emerge later, it added.

The dollar fetched 112.26 yen in early Asian trade, unchanged from the level in New York and slightly lower than 112.32 yen in Tokyo Wednesday, but up from the 111-yen levels seen earlier this week.

Some blue-chip exporters were higher, with Honda gaining 0.94 percent to 3,415 yen and Nissan up 0.46 percent at 1,091.5 yen, while game giant Nintendo was up 1.32 percent at 40,530 yen.

Banks were also higher, with Mitsubishi UFJ Financial up 2.02 percent at 716.9 yen and its rival Sumitomo Mitsui Financial up 1.56 percent at 4,609 yen.

On Wall Street, the Dow climbed 0.6 percent at 26,405.76.

(AFP/APP)
Posted on: 2018-09-20T10:26:00+05:00

23212