Most
Asian markets are coloured in red today, except China.
Japan's benchmark Nikkei 225 index closed with 128.17 points, or 0.76%, down to
16 911.32 points, continuing its decline from 0.6% on Monday.
In South Korea, the main Kospi index also closed with a decline of 11.75
points, or 0.60%, to 1957.87 points.
Hong Kong’s Hang Seng Index registered a decrease of 0.61%.
Australia's benchmark S&P/ASX 200 followed the trend and ended in the
red by 34.81 points, or 0.68%, down to 5108 points, mainly due to losses in the
energy and financial sectors and commodities. Those sectors recorded decreases
of respectively 1.11%, 1.02% and 0.82%.
Chinese markets ended with growth, as Shanghai composite index closed with 2.57
points, or 0.1%, up to 2897.34 points. The smaller Shenzhen composite also passed
the green with an increase of 8.89 points, or 0.51%, to 1741.65 points.
The major mining companies in Australia failed to hold the initial gains.
Shares of Rio Tinto fell 2.60%, BHP
Billiton are down with 1.83%, while Fortescue tumbled 9.42% after Monday jumped
24%. The decline in share prices in the mining sector comes despite recent
increases in commodity prices. The price of iron ore rose from 52.40 dollars to
62.60 dollars for only one day.
Companies extracting gold recorded a good session. Shares of Newcrest rose
1.30%, and those of Alacer Gold - by 0.72%. Spot gold is trading with an
increase to about $1269.57 per ounce, which is less than the peak of $1279.60
on Friday, its highest level since February 3, 2015.
The Japanese carmaker Suzuki Motor closed with a decline of 3.76% after the news,
posted by Nikkei daily , that the company will issue convertible zero coupon
bonds for 200 billion Yen and will use
most part of the revenues to expand its operations in India.
Shares of Japan's Softbank rose 1.69% after the company announced its plans for
reorganization, as a result of which will separate domestic from international
business, meanwhile appointing different executives.
Most Japanese exporters experienced difficulties because of the appreciation of
the yen. Shares of Toyota fell 2.63%, while those of Honda - with 0.95%.
Energy players traded mixed. The share price of Oil Search closed up with 0.27%,
but Woodside Petroleum was 0.33% down. Shares of Japanese Inpex fell 0.72%,
while those of Japan Petroleum rose 0.29%. The Chinese mainland market Sinopec
surged share of 2.91% and Petrochina - a decline of 0.51%.
