Forex Marketz Daily Forex News – Fully Markets Update
Asian markets rose this mooning as they tracked overnight gains on Wall Street which saw blue chip plays deliver on earnings reports. This helped overall market sentiment to improve despite ongoing geopolitical tension between the West and Saudi Arabia.
The financial markets in Hong Kong were closed for a public holiday.
The Asian benchmark in Japan, the Nikkei 225, was up. Shares gained 1.33 percent this morning. The broader Topix index, in Tokyo, was also higher. Shares gained 1.43 percent. Most sub-sectors were higher today.
In South Korea, the Kospi composite index was also up. This Asian benchmark tacked on 1.20 percent this morning. Shares of blue-chi Samsung Electronics rose some 1.49 percent.
Looking at Japanese corporate news, shares of Softbank shed reversed earlier gains. They were still up 2.9 percent after the company’s Chief Operating Officer Marcelo Claure said it was “anxiously looking” at developments around the disappearance of Saudi Arabian journalist Jamal Khashoggi. The Japanese lender has close ties to the Saudi monarchy. A lot of the bank’s investment capital comes from the kingdom.
Asian Benchmarks in China and Australia also Gain this Morning
Looking at mainland China, the Shanghai composite was up. Shares tacked on 0.77 percent this morning. The smaller Shenzhen composite also rose. This bourse was up better than 0.77 percent.
In The Down Under, the ASX 200 was up over one percent this morning. Most sub-sectors were up. The energy sub-index added 0.82 percent and financials were up 1.30 percent.
