Forex Marketz Daily Forex News – Fully Markets Update
This morning, during Asian trade hours, the regional stock bourses seemed to shrug off a strong close on Wall Street. There is growing optimism as trade war tensions between the economic super giants of China and the United States have cooled down considerably. Financial markets in Hong Kong and South Korea were closed today for public holidays.
The Asian benchmark in Japan, the Nikkei 225 was lower this morning. It fell 0.08 percent. This comes after kicking the day off with small gains. The broader Topix, in Tokyo, was also lower at last glance. It had fallen 0.23 percent this afternoon, Hong Kong time. Most of the bourse’s 33 sectors were lower today. Mining and insurers led the way lower placing the overall index under pressure.
Several heavyweights, on the Topix, did manage to hold onto gains. Shares of Fanuc were up. They rose by 0.45 percent. Shares of Fast Retailing also gained. They were up 0.79 percent.
Asia’s MSCI’s index, not including Japan, bucked the trend. Shares rose by 0.09 percent.
In mainland China, the Shanghai composite was down. This Asian bourse lost 0.21 percent. The smaller Shenzhen Composite was marginally higher. It was just about 0.04 percent higher on the day.
Other Asian Markets also lose Steam by Late Trade Hours
Elsewhere in the Asian and Pacific Rim, the Australian ASX 200 was down. Shares fell 0.77 percent as all of its sub-indices lost ground. The country’s so called “Big Four” banks lost ground thus morning. Major miner were also lower on the day. Shares of ANZ fell 1.17 percent. This led its peers lower. Shares of BHP were lower this morning. They shed 1.13 percent.
The small losses seen in Japan and Australia are despite U.S. markets closing higher overnight. The Dow Jones industrial average was back above 25,000 for the first time since March. Investors tout easing in trade tensions between the United States and China.
