Forex Marketz Daily Forex News – Fully Markets Update
Asian stock indices put in a mixed showing Tuesday morning as Asian traders digested a volatile session on Wall Street. During the North American trade hours, the Dow Jones Industrial average recovered from a better than five hundred point drop.
In Japan, the benchmark Nikkei 225 was lower. This Asian index gave up 0.32 percent. The broader Topix index, in Tokyo, was down 0.84 percent. The Topix hit a low at 1,581.56. This level has not seen since September 2017.
In Japanese corporate news, shares of Softbank rose nearly 2.4 percent. The tech giant said that shares of its mobile unit IPO will be priced at 1,500 yen. Softbank is expected to raise 2.65 trillion yen from the initial public offering.
In South Korea, the benchmark Kospi composite index was up a fraction. Shares of with shares of LG Electronics gained about two percent.
Mainland Chinese Markets in the Asian and Pacific Rim also Gained
Mainland markets in China managed to eke out some gains today. The Shanghai composite was up 0.28 percent. The smaller Shenzhen composite was up 0.59 percent.
In Hong Kong, the benchmark Hang Seng index, went against the trend. This benchmark was down 0.11 percent.
In Australia, the benchmark S&P ASX 200 lost most of its earlier gains. The Australian benchmark was flat by the afternoon trade hours. Most sub-sectors were higher on the day but the nation’s Big 4 banks were mixed.
