Forex Marketz Daily Forex News – Fully Markets Update
Asian equities were mixed this morning during the Asian trade hours. Stocks continued to struggle, by the afternoon Hong Kong time. There was an improvement in overall sentiment thanks to British Prime Minister Theresa claiming that she has enough support for her proposed Brexit deal. She will now move forward to win the support in the Parliament.
Overall, in the Asian and Pacific Rim region, stocks were mixed to down. Shares in China were mostly higher on the day.
The Asian benchmark in Japan, the Nikkei 225, was down by afternoon trade. Shares shed 0.63 percent. The Topix index, in Tokyo, was down 0.58 percent. Shares of high tech banking giant SoftBank fell nearly 3.2 percent.
In South Korea, the Kospi composite index was down after reversing early gains. The index lost 0.14 percent during afternoon trade hours.
Asian Traders boost Chinese Stock Markets
In China, the Hang Seng Index in Hong King was up. This index added 0.42 percent by the end of the morning. Shares of Tencent were up 3.75 percent. They released, today, better than expected earnings for the third quarter.
On the mainland, traders are still watching the trade war between China and the United States. However, these markets were up as well. The Shanghai composite was up 0.69 percent. The smaller Shenzhen composite was up 0.47 percent.
In Australia, the benchmark S&P ASX 200 reversed its earlier gains. Australian stocks lost 0.4 percent. Most sectors fell. The materials sub-sector was down 0.3 percent.
The heavily weighted financial sub-index was also down. It lost 0.53 percent as shares of Australia’s Big Four banks lost ground.
