Stocks in Asia were seen trading mixed on Wednesday as stocks in the US climbed to a record high overnight.
The Japanese benchmark Nikkei 225 index lost 0.14% closing the session at 14,405.76 points, while Tokyo’s Topix index edged 0.41% higher ending at 1,183.15 points.
The Japanese publisher Kadokawa advanced by 10%, while the Nikon lost 4.04% after the company said its annual profit climbed by 10%.
The South Korean Kospi index advanced 4.41%, to close the session at 2,020.84 points, while Taiwan’s benchmark Taiex index added 0.6%.
Hong Kong’s Hang Seng index gained 0.96%, trading at 22,566.95 points at the time of writing, while the mainland Chinese benchmark Shanghai Composite slid 0.14% closing at 2,047.91 points.
Property developer China Resources Land saw the most gains in the Chinese market, as the company’s shares climbed 5.29%.
Australia
In Sydney, the benchmark S&P/ASX 200 index slid 0.09%, trading 5,493.30 points, after the government released the annual budget release for the nation, which revealed further cuts to the nations funding is expected.
The government’s total deficit in 2014/2015 will be at A$25.9 billion, lower than the A$46 billion recorded in the last financial year.
“Budget repair involves cutting back on unsustainable spending and putting a stop to unconstrained increases in debt,” the publication stated. “To restore budget sustainability, the government has focused on taking savings decisions that build over time.”
“The government will also increase the pension age to 67 years by July 2023, and further still to 70 years by 2035,” it said.
US Markets
Gains were seen in the US markets overnight after data from the Commerce Department showed that retail sales in the US rose by 0.1% in April.
Stocks – Europe
European stocks were little changed on Wednesday, with the European Euro Stoxx 50 dropping 0.15% to 3,206.89 at the time of writing, while the German DAX lost 0.05% to 9,750.11. Meanwhile, the French CAC 40 edged 0.10% lower to 4,500.65, UK’s benchmark FTSE 100 fell 0.02% to 6,871.32.
Economic News
Germany’s consumer prices for April dropped by 0.2% on a monthly basis, but were seen rising by 1.3% on an annual basis, according to reports from the Federal Statistical Office.
In France, the inflation data for April was flat on a monthly basis and 0.7% on a year-on-year basis, reports showed.
A separate report from the European statistical office Eurostat showed that the industrial production for the eurozone as a whole fell in March, with a reading of 0.3% on a monthly basis and rising 0.2% in February on a seasonally- adjusted basis.
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Stocks – Asia
Stocks in Asia were seen trading mixed on Wednesday as stocks in the US climbed to a record high overnight.
The Japanese benchmark Nikkei 225 index lost 0.14% closing the session at 14,405.76 points, while Tokyo’s Topix index edged 0.41% higher ending at 1,183.15 points.
The Japanese publisher Kadokawa advanced by 10%, while the Nikon lost 4.04% after the company said its annual profit climbed by 10%.
The South Korean Kospi index advanced 4.41%, to close the session at 2,020.84 points, while Taiwan’s benchmark Taiex index added 0.6%.
Hong Kong’s Hang Seng index gained 0.96%, trading at 22,566.95 points at the time of writing, while the mainland Chinese benchmark Shanghai Composite slid 0.14% closing at 2,047.91 points.
Property developer China Resources Land saw the most gains in the Chinese market, as the company’s shares climbed 5.29%.
Australia
In Sydney, the benchmark S&P/ASX 200 index slid 0.09%, trading 5,493.30 points, after the government released the annual budget release for the nation, which revealed further cuts to the nations funding is expected.
The government’s total deficit in 2014/2015 will be at A$25.9 billion, lower than the A$46 billion recorded in the last financial year.
“Budget repair involves cutting back on unsustainable spending and putting a stop to unconstrained increases in debt,” the publication stated. “To restore budget sustainability, the government has focused on taking savings decisions that build over time.”
“The government will also increase the pension age to 67 years by July 2023, and further still to 70 years by 2035,” it said.
US Markets
Gains were seen in the US markets overnight after data from the Commerce Department showed that retail sales in the US rose by 0.1% in April.
Stocks – Europe
European stocks were little changed on Wednesday, with the European Euro Stoxx 50 dropping 0.15% to 3,206.89 at the time of writing, while the German DAX lost 0.05% to 9,750.11. Meanwhile, the French CAC 40 edged 0.10% lower to 4,500.65, UK’s benchmark FTSE 100 fell 0.02% to 6,871.32.
Economic News
Germany’s consumer prices for April dropped by 0.2% on a monthly basis, but were seen rising by 1.3% on an annual basis, according to reports from the Federal Statistical Office.
In France, the inflation data for April was flat on a monthly basis and 0.7% on a year-on-year basis, reports showed.
A separate report from the European statistical office Eurostat showed that the industrial production for the eurozone as a whole fell in March, with a reading of 0.3% on a monthly basis and rising 0.2% in February on a seasonally- adjusted basis.
Visit www.hymarkets.com to find out more about our products and start trading today with only $50 using the latest trading technology today.
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