Asian Stock Market Overview Nikkei Drops, S. Korea Down

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Options Broker 2020!
    Great Choice For Beginners!
    Free Trading Education!
    Free Demo Account 1000$!
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Only For Experienced Traders!

Japan Markets Drop; Nikkei Down Over 100 Points

Japanese stocks were trading lower on Monday, as Italian Prime Minister Matteo Renzi vowed to resign following referendum defeat on Sunday. The Nikkei 225 dropped 0.62 percent, or 114.6 points to 18,311.50, and the TOPIX fell 0.75 percent, or 11 points to 1,466.93.

iShares MSCI Japan ETF (NYSEARCA: EWJ) shares rose 0.30 percent to close at $49.62, while iShares MSCI Pacific ex-Japan Idx (ETF) (NYSEARCA: EPP) declined 0.19 percent to close at $41.18 on Friday.

The USD/JPY pair is trading at 113.56, mostly flat on the day.

West Texas Intermediate for January delivery fell 0.87 percent to trade at $51.23 per barrel on the NYMEX, while Brent for January settlement fell 0.85 percent to $54.00 per barrel on the ICE Futures Europe exchange.

U.S. markets closed mixed on Friday, with the Dow dropping 0.11 percent to 19,170.42, and the NASDAQ gaining 0.09 percent to 5,255.65.

Top market movers among the Japanese market are as follows:

  • Shares of Jalco Holdings Inc (6625) climbed around 35 percent to 135.0 JPY.
  • Japan Power Fastening Co Ltd (5950) shares rose around 30 percent to 215.0 JPY.
  • Global-Dining Inc (7625) shares increased over 24 percent to 338.0 JPY.
  • Pixel Companyz Inc (2743) declined over 14 percent to 623.0 JPY.
  • Yasunaga Corp (7271) shares dropped around 9 percent to 2,830.0 JPY.
  • Watt Mann Co Ltd (9927) shares fell 9 percent to 137.0 JPY.

Nikkei leads Asian markets down on oil price concerns

Share this with

These are external links and will open in a new window

These are external links and will open in a new window

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Options Broker 2020!
    Great Choice For Beginners!
    Free Trading Education!
    Free Demo Account 1000$!
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Only For Experienced Traders!

Close share panel

Japan’s stocks led falls across Asia on Tuesday, posting their biggest drop in nearly 10 months, as investors worried about falling oil prices and political turmoil in Greece.

The benchmark Nikkei 225 closed down 3% at 16,883.19 points – its worst day since March.

The US oil price fell below the symbolic threshold of $50 a barrel for the first time since April 2009.

Meanwhile in London, Brent crude fell as low as $53 a barrel.

That prompted energy shares to fall.

Concerns over Greece’s future also weighed on the euro, which slid to a nine-year low against the dollar.

China recovers losses

Chinese shares recovered earlier losses after a private survey showed the country’s services sector grew at its fastest pace in three months in December.

The Shanghai Composite ended up closing flat at 3,351.45 after falling as much as 1.3% earlier in the day.

In Hong Kong, the benchmark Hang Seng index finished down 1% to 23,485.41, following the global trend.

In Australia, investors also reacted to falling oil prices and eurozone worries, with the benchmark S&P/ASX 200 closing down 1.57% at 5,364.80 points. Earlier in the day, the index was down as much as 1.9% – one of its biggest falls in more than a month.

One company’s shares saw a positive reaction to falling oil prices, however, with Qantas, Australia’s national airline, seeing its share price at a four-year high during the Tuesday session.

Australia’s latest trade figures showed the country’s deficit widening in November from October to about 950m Australian dollars ($770m). It is the eighth trade deficit in a row.

But analysts said investors largely ignored the numbers, which were smaller than expected and due in part to falling prices for resources such as iron ore.

Tristan K’Nell, head of trading at Quay Equities, said there were a number of issues worldwide causing uncertainty in equity markets.

“Investors [are] watching closely. US interest rates, growth slowdowns in Europe and the Asia Pacific, political uncertainty in Greece, geopolitical issues between Russia and Ukraine and also the Middle East, and the volatility and crashing prices in crude oil and iron ore,” he said.

In South Korea, the benchmark Kospi closed down 1.74% to 1,882.45 points, with shares in energy firms leading the declines on oil price worries.

Bloomberg

We’ve detected unusual activity from your computer network

To continue, please click the box below to let us know you’re not a robot.

Why did this happen?

Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review our Terms of Service and Cookie Policy.

Need Help?

For inquiries related to this message please contact our support team and provide the reference ID below.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Options Broker 2020!
    Great Choice For Beginners!
    Free Trading Education!
    Free Demo Account 1000$!
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Only For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Trading Library
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: