Asian stocks market were seen trading mixed, with Korean and Japanese indices advancing on the positive manufacturing report while in China, stocks were seen declining on financials. In Australia, the market closed lower due to the miners losing and the employment data.
Japan’s benchmark Nikkei 225 index closed 1.03% higher at 14,182.00 on Thursday, assisted by the weak yen and the upbeat manufacturing report, boosting the industry sector. Japan’s consumer confidence index advanced to 45.4 in September, compared to previous reading of 43.0 in August. The Topix benchmark rose 0.40% higher to 1,171.62.
Major manufacturer movers were Mitsubishi Heavy Industries advancing by 3.10%, Sharp rose 2.06%, Mazda Motor jumped 3.13% and Fujitsu gained 3.07%.
While Nitto Denko Corp lost 3% and metal company Mitsui Mining & Smelting dropped 2.64%.
In Korea, the benchmark KOSPI index dropped 0.12% lower to 2,002.28. Hyundai Motor rallied 2.56%, while Kia Motors Corp gained 1.56%.
In China, stocks were seen declining on financial, as the Hong Kong’s benchmark Hang Seng index edged 0.82% lower to 22,845.00 at 3pm JST, dragged lower by financial companies, while the mainland Shanghai Composite lost 0.97% to 2,190.39.
HSBC Holdings declined 0.12% lower at the time of writing. Pudong Development Bank Co. Ltd dropped 3.02% and Haitong securities lost 4.11%.
Real Estate Company Tianjin Jinbin saw gains, rising 7% higher, while Tianjin Marine Shipping advanced by more than 4%, both boosted by the upbeat news that the city port could become a free-trade zone.
The Australian benchmark S&P/ASX 200 index closed Thursday trading session 0.11% lower at 5,147.10, dragged by the mixed unemployment data, which showing uncertainty as to if the Reserve Bank of Australia would cut their rates further.
Miners were seen declining, with BHP Billiton easing 0.95%, Atlas Iron Ltd. dropping 2.82% and Kingsgate Consolidated Ltd. lost 3.17%.
Interested in trading Asian Stocks Online?
Visit www.hymarkets.com and start trading today with only $50.
The post Asian Stocks Mixed; Japan Climbs On Upbeat Data appeared first on | HY Markets Official blog.
Article provided by HY Markets Forex Blog