Majority of the markets in Asia were up after marginally slipping on the previous session

asian markets mixed

Indices in Asia were a mixed picture on Friday’s trading session, following a depressing finish on its previous settlement.

Across the Korean Strait, the Kospi index rose more than 0.12 percent, regardless of the poor performance from its information and technology sector on early session. The nation’s financial and steelmakers sector were some of the best performers as Hyundai Steel added more than 2.02 percent in shares and Posco edged up by 5.46 percent.

Tech giants LG electronics and Samsung Electronics were both leading decliners as they edged down by 2.26 percent and 2.2 percent respectively.

The Australian benchmark ASX 200 index was almost flat as it inched up by 0.09 percent due to the poor performance from its materials sector. Mining stocks were at the peak of the benchmark as BHP jumped as 2.08 percent and Rio Tinto gained more than 1.85 percent in shares.

Meanwhile, the Japanese benchmark Nikkei 225 index just finished under the flat line by 0.06 percent, with technology and automakers as the worst performers. Sony lost more than 0.91 percent in shares, Honda dropped more than 1.12 percent and Toyota was 0.13 percent down.

Markets on the mainland were also mixed on the day with the Shenzhen Composite trading below the flat line by 0.08 percent and the Shanghai Composite marginally rising by 0.1 percent. The Hang Seng index in Hong Kong surged by 0.29 percent.


Leave a Reply

Your email address will not be published.