Asian makets with a cautious start to the week
- Asian Market
- 5 months ago
Markets in Asia have started the week rather prudently on the back of weak Chinese and European data and a growing concern that global growth may be slowing down amid trade frictions.
Chinese markets recorded losses as the Shanghai composite shed 0.6%, while the Shenzhen composite fell by 1.35% and the Hong Kong’s Hang Seng index declined by 0.35% in early trading.
Over in Japan the Nikkei 225 climbed by 0.45% and the Topix edged up by 0.11%.
Meanwhile South Korea’s Kospi recovered from early losses and Taiwan’ index inched by 0.3%.
In Australia the ASX200 traded flat while the financial subindex dropped by 0.86%, and the Big Four banks were mostly on negative territory.
ANZ Bank tumbled by over 2%, the National Australia Bank was down by 1.37% and the Commonwealth Bank of Australia traded flat after pulling back from early losses.
Source: Smart Trend Team