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Asian markets close higher but China's indices fail to keep up

  • Regular
  • Asian Market
  • 5 months ago
  • 97

Asian indices traded mostly higher bar Chinese markets which were relatively lower as news came in of Google ending the supply of Android software to Huawei.

Literally killing the tech company’s vision to be a smartphone global leader.

The Shanghai Composite slid by 1%, while the Shenzhen Composite retreated by a further 1.5% and the Hong Kong based Hang Seng index fell by 0.6%.

Over in Japan the Nikkei 225 increased 0.2% as the country’s GDP rose in the first quarter, with that shares of Nintendo rose by 1.3% while Sony fell off the pace by 0.5%.

Seoul’s Kospi closed higher by 0.7% as Hyundai shares advanced by 2.7% and to round the region’s session off the Australian ASX 200 closed higher by 0.2% as Westpac Banking surged by 9.2%.

 

 

Source: Smart Trend Team