Asian indices were mostly down amid earnings season

Asian-Indexes

Most of the indices in Asia started Thursday’s opening bell already in the negative territory. The market is currently enduring the earnings of corporate companies.

One of the notable companies to release their earnings for the third quarter were NTT DoCoMo, SK Hynix, Hyundai Motors, China Vanke, and OCBC.

Looking at the markets, South Korea’s benchmark Kospi index fell more than 0.15 percent. Investors from the nation are digesting the third quarter earnings of a supplier of dynamic random-access memory (DRAM) SK Hynix.

Their profit period came in more than 3.7 trillion won (3.3 billion in USD), lower compared to what Thomson Reuters StarMine Smart Estimate expected with 3.8 trillion.

The Australian benchmark ASX 200 index was 0.26 percent lower on the day, due to the poor performance of its financial sector. Australia and New Zealand Bank (ANZ) released their earning for a fiscal year.

Their full-year net profit for the year until September 30, 2017, was 12 percent higher at A6.41 billion (4.94 billion in USD). ANZ’s full-year cash profit advanced by 18 percent to A$6.94 billion (5.35 billion in USD).

However, the Nikkei 225 index in Japan didn’t go with the flow as it inched higher by 0.37 percent on early Thursday. On the previous session, the Japanese benchmark snapped a sixteen-day winning streak as it finished the day 0.45 percent lower at 21,707.62. Meanwhile, Thai markets were shut due to a public holiday.

FAQs

Leave a Reply

Your email address will not be published. Required fields are marked *