On Friday, American futures went down because traders worry about decelerating economic surge in China and in other countries…
Asia-Pacific stocks demonstrate non-directional manner
On Monday, stock indices of the Asia-Pacific region traded in rather a non-directional manner in the face of cautious deals after weak trading on Wall Street on Friday as well as geopolitical tensions after a missile strike by the United States along with its allies in Syria. On Saturday, a group of Western countries, including France, America and the UK dared to launch about 105 rockets to destroy three power facilities in Syria. It was a response to the hypothetical employment of chemical weapons in this Middle East country.
Nevertheless, higher commodity prices underpinned shares of mining companies. As for crude prices, they headed south in Asia trade having soared on Friday.
The Australian market is moderately growing in the course of cautious trade because higher commodity prices helped to compensate weak Wall Street signals on Friday, as well as worries about geopolitical tensions after the attacks by America and its allies on Syria.
Shares of BHP Billiton gained more than 1%. Besides this, Rio Tinto acquired nearly 1%, while Fortescue Metals soared by 0.4% versus the backdrop of rising prices for iron ore.
The market value of crude companies is gaining momentum too after the previous week crude prices demonstrated the biggest increase for nearly a year. Oil Search and Woodside Petroleum ramped up their capitalization by more than 1% each, Santos increased it by nearly 1%.
In the banking sector ANZ Banking, National Australia Bank, Commonwealth Bank as well as Westpac- traded with surge in the range of 0.1% - 0.6%.
The main Japanese exporters traded in different directions. For example, Sony shares went up by almost 1%, and Canon - by 0.4%, while Mitsubishi Electric's papers dived by almost 1%, and Panasonic – by 0.1%.
In the technical space, Advantest equities dived by nearly 1%, while Tokyo Electron went up by about 1%.
On Friday, Asian equities declined because China came up with a set of poor data, thus driving fresh worries of a deceleration in the world's number two economy and also leaving traders fretting over the wider effect of a yet unresolved China-US trade…
On Thursday, American equities decreased in volatile trade because optimism provoked by progress in US-China trade negotiations faded away, with market participants preferring defensive sectors, including utilities and real estate…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…