Indices mostly trade higher as Japan falls off the pace
- Asian Market
- 5 months ago
Main indices in Asia traded in mixed fashion as investors look ahead to the Fed’s meeting along with the current U.S.-China trade standoff.
China’s Shanghai composite inched higher by 0.1%, while the Hang Seng in Hong Kong rose by 0.2% on the back of gains for the real estate sector as Country Garden, China Resource Land and China Overseas Land & Investment all added 6.2%, 5.4% and 3.1% respectively.
The South Korean Kospi advanced by 0.5% as chipmaker SK Hynix climbed by 2.5%, meanwhile the Japanese Nikkei 225 retreated by 0.3% as Sony, Toyota and SoftBank all fell behind the pace by 1.1%, 0.25% and 0.7% respectively.
Finally mining sectors in Australia all enjoyed gains as Rio Tinto rose by 4.5%, Fortescue Mining 7.7% and BHP 2.5%.
Source: Smart Trend Team