Asia-Pacific stocks demonstrate non-directional manner

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%.

Similar

American equities decrease

On Tuesday, American equities were set to start lower because gloomy earnings from industrial bellwethers Caterpillar as well as 3M backed worries over Italy's finances, Saudi Arabia's diplomatic isolation as well as trade conflict fears…

Asian equities slump

On Tuesday, Asian equities headed south because earnings season worries in America affected Wall Street, while a mixture of downbeat drivers from Saudi Arabia's diplomatic isolation and fears over Italy's budget as well as Brexit negotiations put…

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera