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Indices mostly trade higher as Japan falls off the pace

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  • Asian Market
  • 8 months ago
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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