Asian Stocks open mixed with Chinese trade data in focus

2019-07-12 08:55:57 GMT (Economies.com)
Asian Stocks open mixed with Chinese trade data in focus

Asian stocks opened  the fifth trading session on Friday with mixed performance especially the Japanese stocks, with Chinese stocks, Hong Kong's Hang Seng and South Korea's Kospi rose, while the Australian and New Zealand stocks fell.

 

This comes on the threshold of the release of the Chinese trade balance reading for last month amid markets anticipation to follow the impacts of the trade war between Washington and Beijing on the trade data, In the same context, we followed on Thursday, President Donald Trump stressing his disappointment with China, which did not meet the scale of purchases of US agricultural products that was promised recently.

 

On the other hand, the Chinese Ministry of Commerce yesterday also expressed China's hopes that Washington will remove restrictions on Huawei soon, explaining that both parties are trying to implement the commitments agreed by Chinese President Xi Jinping and his US counterpart during the events of the G20 last month, adding that the trade talks had not yet been discussed and that Beijing was consistent in addressing its fundamental concerns.

 

Japanese stock indices saw a variation in performance during today's trading session, with the broader Topix index falling by 0.16% to lose 2.52 points down to 1,576.11, while Nikkei 225 index rose 0.04% to win 9.60 points up to 21,653.13.

 

As for the Chinese stock indices, CSI 300 index rose by 0.50% to win 18.84 points to 3,804.06, and the Shanghai Composite index rose by 0.25% to win 7.36 points to 2,925.12.

 

Hong Kong's Hang Seng Index gained 0.28% (80.87 points) to 28,512.67. South Korea's Kospi Index rose 0.40%, (8.38 points) to 2,088.96.

 

To the New Zealand NZX 50 index, which fell 0.27% (29.14 points) to 10,658.18. On the other hand, Australia's S&P/ASX 200 index shed 0.04% (2.54 points) to 6,713.60.

 
 
 
  Symbol Last Change Chg.%
1.1091
-0.0102
0.9113%
1.2147
0.0087
0.7243%
17.104
0.128
0.753%
54.800
0.550
1.014%
58.65
0.42
0.72%
1512.265
14.840
0.991%
 
 
US
 
Europe
 
Asia