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Asian markets mostly rise regardless of trade tensions

  • Regular
  • Asian Market
  • 1 week ago
  • 9

Following in the steps of Wall street’s last session, indices in Asia seemed to be mostly higher, brushing aside the current trade tensions between the U.S. and China.

Over in the Chinese mainland the Shanghai Composite edged higher by 1% while the Hang sneg in Hong Kong rose by 0.7% as shares of WH Group took on some gains despite the latest swine flu outbreaks.

In Tokyo the Nikkei 225 remained largely flat during the exchange as Nissan posted its worst earnings report in 11 years, along with it so did shares of Yahoo Japan and Takeda Pharmaceuticals all posted losses.

The South Korean Kospi meanwhile continued the uptrend as it closed higher by 0.6% as LG Electronics advanced by 1.4%.

Elsewhere, the Taipei index TAIEX rose by 0.8% and the Aussie ASX200 climbed by 0.5% as Beach Energy, BHP and Rio Tinto all rose by 3.3%, 1.8% and 2.1% respectively.

 

 

Source: Smart Trend Team