Friday, 24 November 2017

Asian stocks mixed amid low trading volumes

Posted by Anonymous at 09:21 Labels:

Asian equity indexes headed for a mixed close on Friday, with traders awaiting for Wall Street to return after the Thanksgiving holiday and as the economic calendar remained empty.

<<< Data by 05:20 GMT >>>

Australia ASX S&P -6.50 -0.11% 6,061.00

Shanghai Composite -20.87 -0.62% 3,331.04

Hong KOng Hang Seng +79.50 +0.27% 29,787.44

Japan Nikkei 225 +32.56 +0.14% 22,555.71

Taiwan TSEC 50 Index -4.66 -0.04% 10,849.91

No relevant data was scheduled in Asia. Ahead in the day, traders will keep an eye in Europe and the United States alike. Germany’s business expectations, current assessment and lfo business climate for November are due for release at 09:00 GMT.

In the US, manufacturing and services PMIs for November are up at 14:45 GMT. American markets will close earlier today.

On the data front, shares of Mitsubishi Materials plunged by 8.56 percent as the company recognized some of its units altered product data to meet requirements.

In other news, Australia’s department store Myer added 0.7 percent after board members confronted a dissident shareholder with a 10.77 percent stake.

E-commerce giant Amazon launched trial operations in Australia, although there has not been an official confirmation from the company’s leadership.

On Wednesday, the tech-heavy Nasdaq Composite ended 0.1 percent higher at 6,867.36, boosted by Amazon shares as the company reportedly will announce a health-care project.

Meanwhile, the S&P 500 and Dow Jones industrial average settled lower as Federal Reserve policymakers remained concern about low inflation and the current pace of rate hikes.

Fort Financial Services

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