Stocks in Asia were almost unchanged on Tuesday’s opening bell following a poor performance in U.S. markets overnight. Japan Airlines lose their ties with Thai Airways International which caused a downfall in their stocks.
Looking at indices, the Japanese benchmark Nikkei 225 index traded just below the flat line by 0.01 percent. However, the index settled higher for fifteen straight sessions on the previous session after the victory of Japanese Prime Minister Shinzo Abe’s ruling coalition in a two-thirds majority in the Lower House.
Also in Japan, All Nippon Airways was picked by Thai Airways International as their one and only flight-sharing partner in the country after dropping its late arrangements with Japan Airlines, according to the reports of Nikkei Asian Reviews. This has placed the shares of both airways at gunpoint with Japan Airlines declining as low as 0.18 percent and All Nippon Airways slightly losing 0.07 percent.
Going back to Asian markets, the South Korean benchmark Kospi index was marginally higher on the day by 0.03 percent, despite a poor performance from its information and technology sector. Samsung Electronics advanced more than 0.33 percent, SK Hynix fell as low as 2.72 percent and LG Electronics slumped by 0.93 percent.
Meanwhile, the Aussie benchmark ASX 200 index slightly rose by 0.06 percent on early Monday.
Outside Asia, Stocks in the United States ended on the red zone on Monday in the midst of earnings week with the Dow Jones industrial average losing as much as 54.67 points, or 0.23 percent to finish at 23,273.96.