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Asian Markets Mostly Higher after Recovery on Wall Street

May 19, 2017
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The majority of Asian markets traded higher on Friday, after a higher lead from Wall Street as markets in the United States took a breather following their worst day of 2017.

Japan’s benchmark Nikkei 225 rose 0.19 percent to end at 19,590.76. South Korea’s Kospi index inched up 0.07 percent to close at 2,288.45.

Australia’s benchmark ASX 200 fell 0.19 percent to 5,727.4, mostly driven by the financials and industrials sub indexes.

Mainland China markets were mixed, as the Shanghai Composite gained 0.03 percent at 3,090.9286 and the Shenzhen Composite fell 0.123 percent at 1,853.714. Hong Kong’s Hang Seng Index climbed 0.15

Among shares active on corporate news, Japan’s Toshiba was in the spotlight once again on reports that state-backed fund Innovation Network Corp of Japan (INCJ) will sell a fifth of its share in Renesas Electronics ahead of the sale of Toshiba’s chip unit. Toshiba’s shares closed the session by gaining 3.29 percent at 232.5 yen per stock.

Major Australian financials traded lower across the board, as ANZ finished the session 1.89 percent lower at A$28.50 per stock. Westpac lost 0.99 percent to A$30.85 per stock while AMP fell 0.97 percent to end at A$5.08.
The material has been provided by InstaForex Company – www.instaforex.com

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