Asian Stocks close mixed, oil prices are put in the spotlight as Qatar tensions sparks

Qatar

Asian equities traders tread in murky waters as the session close in mixed, following the close on Wall Street and as the markets grew cautious anticipating the impact of diplomatic tensions between Qatar and other Middle Eastern Nations.

Markets continue to take in the political disagreement which caused Saudi Arabia and other Countries in the Middle East cut its ties with Qatar, which is the largest liquefied natural gas (LNG) exporter.

Japan’s benchmark Nikkei 225 index slid further down to close down by 0.95 percent or 190.92 points and finished the session at 19,979.90

While markets in Mainland China   were in the green as Hong Kong’s Hang Seng Index covered up any losses earlier in the session. The index was higher by 0.54 percent. While the Shanghai Composite closed by 0.35 percent or 10.6756 points higher and ended the session at 3,102.3317. The Shenzhen Composite gained 0.548 percent or 9.8691 points to finish the session at 1,810.8016.

The Australian S&P/ASX 200 fell by 1.52 percent slashing 87.367 points to close the markets at 5,667.5 the markets which was mostly driven by the broad declines in the Utilities while Major banking and resource stocks traded in the red.

With that note, Shares of China Evergrande Group were up by 5.03 percent after the company said it would redeem perpetual bonds in the future.

South Korean markets are closed for the Memorial Day.

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