Asian stocks show mixed performance with China getting a boost

Asian stocks show mixed performance with China getting a boost

On Monday, Asian stocks were mixed in thin regional trade amid Mainland China getting a boost.

Meanwhile, the ASX 200 went down 1% in Australia. The heavily-weighted financials subindex slumped 1.28% because key banking equities were pressured. Stocks of ANZ slumped 1.26%, Westpac dipped 1.54%, Commonwealth Bank lost 0.96%, and the National Australia Bank declined 1.44%.

Japan's benchmark Nikkei 225 sank 0.84%, while the Shanghai composite managed to add 0.11%. Additionally, the Hang Seng index surged 0.46% in Hong Kong.

The previous week, American shares retreated from record peaks on the back of ascending American political jitters as well as an earnings report from General Electric, which undershot Wall Street forecasts bringing the broader market lower.

On Friday, the political scandal involving Donald Trump heated up right after Special counsel Robert Mueller urged the White House to preserve all documents regarding the June 2016 meeting that US President as well as other associated had with a Russian attorney.


Indonesia equities rally at close of trade

On Friday, Indonesia shares rallied after the close because revenues in the Miscellaneous Industry, Infrastructure as well as Consumer Industry sectors brought stocks up…

Saudi Arabia equities leap at close of trade

On Thursday, Saudi Arabia stocks managed to grow after the close because revenues in the Building & Construction, Real Estate Development as well as Agriculture & Food sectors underpinned stocks…

European equities start lower with PMI in focus

On Thursday, European markets started lower because market participants paid attention to the publication of euro zone manufacturing as well as service sector activity data due later in the session…


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