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Asian indices rally but ASX fails to keep up

  • Regular
  • Asian Market
  • 6 months ago
  • 101

Asian stocks have been mostly higher today, a trade summit between Trump and Xi Jinping is anticipated which could spell positive outcome after month of deadlock.

Mainland Chinese indices enjoyed gains as the Shanghai composite rose by 0.1% and the smaller cap Shenzhen composite adding 0.6% while the Shenzhen component increased by 0.7%.

Over in Hong Kong the Hang Seng index advanced by 0.3% as Tencent shares rose by 0.5%.

In Japan, the Nikkei 225 rose slightly with shares of Fanuc rising by 2% while the Topix shed 0.2%.

South Korea’s Kospi climbed by 0.2% as Samsung Electronics rallied back to rise by 0.3%.

The ASX200 in Down Under however, failed to follow suit as it retreated by 0.1%.

 

 

Source: Smart Trend Team