Asian indices make an impressive start to the week
- Asian Market
- 1 month ago
Asian indices had a pleasantly good start to the week as rumoured plans of a fresh round talks between Washington and Beijing brought investors sentiment to an ease.
Although Hong Kong’s protests still a lingering cloud over the region, the People’s Bank of China unveiled new interest rates reforms for its companies.
On that note, China’s indices faired rather well, the Shanghai Composite rose by 3%, while in Hong Kong, the Hang Seng increased by 2.3% as Sunny Optical and Country Garden surged by 5.5% and 5.8% respectively.
Over in Japan the Nikkei 225 gained 0.7% as shares of FamilyMart climbed by 8.7% as so did Mitsubishi, by 1.3% and SoftBank by 1.6%.
In South Korea the Kospi edged higher by 0.7% as LG Electronics added 0.6% with the TAIEX in Taipei also adding 0.6% thanks to Taiwan Semiconductor rising by 0.8%.
Finally, the Aussie ASX 200 ended the session higher by 0.9% as Beach Energy surged by over 10% and Commonwealth Bank and ANZ Banking gained 1.5% and 1.2% respectively.
Source: Smart Trend Team