Asian shares fluctuate as experts assess Harvey’s damages

Economies.com
2017-08-28 02:50AM UTC

Asian stocks wavered, as markets evaluate Harvey’s losses, which clogged 10% of U.S. gasoline production, in turn caused oil stocks to decrease.

 

As investors change their trade positions, following the Jackson Hole Symposium and the head of National Economic Council's remarks of getting tax reform done this year, while markets’ attention shift to Non-Farm Employment Change coming out later this week.

 

Japanese shares decreased, as TOPIX fell 0.09% or 1.10 points to 1,226.64, while Nikkei 225 declined 0.13% or 25.10 points to 19,427.51.

 

Chinese CSI 300 rose 1.19% or 45.02 points to 3,840.77, while Shanghai increased 0.84% or 28.09 points to 3,359.61.

 

Hong Kong’s Hang Seng advanced 0.57% or 158.59 points to 28,006.75, while South Korea’s KOSPI fell 0.38% or 9.05 points to 3,359.61.

 

New Zealand’s NZX 50 shed 0.31%, or 24.30 points to 7,833.51, and finally Australia’s S&P/ASX 200 dropped 0.68% or 39.16 points to 5,704.70.

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