Forex Marketz Daily Forex News – Fully Markets Update
This morning, Asian stock bourses were trading mixed as traders began a new week. Asian traders were following a rise in U.S. Treasury yields. They were also watching steep declines with U.S. technology plays during Friday’s North American trade session.
In Japan, the benchmark Nikkei 225 was down 0.13 percent. In Tokyo, the broader Topix was slightly higher. It was up 0.15 percent. Looking at the Topix’s sectors, insurers, banks and shippers were all slightly higher. Technology names were rather mixed.
Elsewhere in the Asian and Pacific Rim the Kospi composite index, the South Korea benchmark, was down 0.14 percent. Looking at its sectors, automakers and retailers fell. Steelmakers were higher on the day.
In Australia, the S&P ASX 200 benchmark bourse was up 0.33 percent. Leading the way was the heavily weighted financial and banking sub index. This led gains on the ASX 200 this morning.
Asian Markets in China trade higher on Trade Headlines with the United States
In the headlines, this morning, a trade spat between the United States and China seems to be waning, a bit. Both sides are indicating they would be open to negotiations. Treasury Secretary Steve Mnuchin says that he may travel to China. China, for its part, says they are open to settling this spat through talks.
Stock markets, in the Chinese sphere, were higher this morning. The Shanghai composite edged up by 0.32 percent. The smaller Shenzhen composite was also drifting higher. It was up by 0.38 percent.
In Hong Kong, the benchmark Hang Seng Index (HSI) was trading flat this morning. There were gains in financial plays as well as materials. The materials sector recovered from earlier losses. The technology sector also showed some late gains.
On Friday, U.S. stock indexes were lower. There was a steep fall with shares of technology giant, and maker of the iPhone, Apple. This led to overall losses in the technology sector on Friday. Shares of Apple sold off over four percent. This comes after a note from Wall Street banker Morgan Stanley said that iPhone sales will miss expectation in the next financial quarter.
