Asian Equities Fluctuate Amid Investors Lingering Fears

Asian-Indexes

Asian stocks swing on Thursday’s trade as investors gauge last week’s global market selloff and the continuing volatility.

Japan’s Nikkei 225 index went up 0.16 percent or 35.13 points and was at 21,645.37. The Topix index climbed 0.9 percent.

South Korea’s Kospi gave up its early gains and finished 2.31 percent lower at 2,396.56. Shares of Samsung Electronics fell 3.42 percent, pulling on the broader index.

In Australia, the ASX 200 inched up 0.75 percent to 5,876.8 as energy and material stocks led gains.

Hong Kong’s Hang Seng index stripped off early gains and went down 0.76 percent. Developer China Evergrande Group went down 2 percent and China Unicom lost 2.69 percent.

Meanwhile, markets in the mainland extended losses after last session’s sell-off. The Shanghai Composite fell 1.81 percent to finish at 3,309.58 and the Shenzhen composite declined 0.68 percent to close at 1,714.39. The blue chip CSI 300 index finished lower by 2.38 percent.

In the currency market, the dollar index, which tracks the greenback against six major rivals, was softer at 89.585. The dollar fell against the yen and traded at 109.22.

The Australian dollar also fell and traded at $0.7872. The New Zealand dollar shed 0.6 percent to 71.98 U.S. cents.

The Chinese yuan fell 0.3 percent and was at 109.64 per dollar.

The euro added 0.1 percent to $1.2273 and the British pound rose 0.2 percent to $1.3905

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