Tuesday 26 April 2016

Asian markets posted mixed trading


Ahead of notable decisions that are expect to be taken by Bank of Japan (BoJ), the Reserve Bank of New Zealand (RBNZ) the Federal Reserve (Fed), market participants are playing cautiously today. Lunacy started to conquer first Asian markets with pushing Japan equities lower but Chinese higher in the early trade on Tuesday.

The Chinese Shanghai Composite index increased with 0.64% to 2 965.40 points, and Hong Kong’s  Hang Seng climbed with 0.48%.
Japan’s Nikkei 225 dropped with 0.49% to 17,353 points, and South Korean’s Kospi closed 0.25% up to 2 019.63 points.
The Australian benchmark S&P/ASX 200 index fell 0.30% to 5 220.64 points.

Energy companies in the region traded mixed. Australian Santos reported a decline of 3.68%, while Japan's Inpex and Japan Petroleum recorded decreases of respectively 1.5% and 1.05%. Australia's Woodside Petroleum shares rose 1.44%, while China's Sinopec marked an increase of 1.46%.
The main exporting companies in Japan enrolled mostly downs. Shares of Toyota fell 0.72%, Nissan and Honda are down with respectively 0.99% and 0.69%. Sony reported an increase of 0.51% and Mitsubishi Motors wiped nearly 10% of the share prices.
Australian iron ore miners finished with declines after the steel-making component sloped to $66 per tonne. Fortescue Metals dipped with 6.25% and heavyweights BHP Billiton and Rio Tinto fell respectively with 3.06% and 2.95%.

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