Stocks in Asia were seen trading mixed on Tuesday as the Japanese yen strengthened against the US dollar dragging Japanese exporters stocks lower.
Japan
The Japanese benchmark Nikkei 225 index slid 0.42% lower, ending the session at 15,314.41 points, while Tokyo’s Topix index declined 0.22%, closing at 1,277.12 points.
Nippon Steel slid 2.5% lower to 317 yen, while Casio Computer gained 7.5% to 1,571 yen after the watch manufacturer announced it will buy back 12.5 yen of its shares. The nation’s yen strengthened, trading 101.82 yen against the US dollar, hurting exporters stocks as Hino Motors slid 2.2% lower, while Mitsubishi Motors lost 1.65 and Isuzu Motor edged 2% lower.
Japan’s Ministry of Finance posted a larger-than-forecasted current account-surplus for May, widening to 522.8 billion yen from 187.4 billion yen seen in the previous month and analysts forecast if a 417.5 billion yen surplus.
China
Hong Kong’s Hang Seng index slid 0.06% lower to 23,526.11 points at the time of writing, while the Chinese benchmark Shanghai Composite added 0.09% to 2,061.13 points.
Computer Company Lenovo saw the most gains on the Hang Seng index, climbing 3.44%, while casino operator lost 3.05%. Datang International Power climbed to its highest in over 15 years on plans to re-structure the business.
The South Korean Kospi index edged 0.08% higher at 2,006.66 points.
Australia
In Sydney, the benchmark S&P/ASX 200 index fell 0.12% lower at 5,512.50 points. The Australian industrial company CSR climbed 4.49%, while the media firm Ten Network slid 3.51% lower in shares.
The National Australia Bank Business Confidence Index came in higher to 8 points from 7 months posted in the previous month. Australia’s conditions index rose to 2 in June from -1 seen in the previous month.
European stocks
European stocks extended losses as it traded lower on Tuesday after Germany posted its trade data.
The European Euro Stoxx 50 fell 0.52% lower to 3.216.50 at the time of writing, while the French CAC 40 edged 0.40% lower to 4,387.30. At the same time the German DAX lost 0.56% to 9,850.80, while UK’s benchmark FTSE 100 slid 0.48% to 6,790.30.
Economic Reports
Germany’s trade balance for May came in at a surplus of 17.8 billion euros, measured on a seasonally-adjusted basis, wider than the previous month’s 17.2 surplus, data from the Federal Statistical Office showed.
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Asian Stocks
Stocks in Asia were seen trading mixed on Tuesday as the Japanese yen strengthened against the US dollar dragging Japanese exporters stocks lower.
Japan
The Japanese benchmark Nikkei 225 index slid 0.42% lower, ending the session at 15,314.41 points, while Tokyo’s Topix index declined 0.22%, closing at 1,277.12 points.
Nippon Steel slid 2.5% lower to 317 yen, while Casio Computer gained 7.5% to 1,571 yen after the watch manufacturer announced it will buy back 12.5 yen of its shares. The nation’s yen strengthened, trading 101.82 yen against the US dollar, hurting exporters stocks as Hino Motors slid 2.2% lower, while Mitsubishi Motors lost 1.65 and Isuzu Motor edged 2% lower.
Japan’s Ministry of Finance posted a larger-than-forecasted current account-surplus for May, widening to 522.8 billion yen from 187.4 billion yen seen in the previous month and analysts forecast if a 417.5 billion yen surplus.
China
Hong Kong’s Hang Seng index slid 0.06% lower to 23,526.11 points at the time of writing, while the Chinese benchmark Shanghai Composite added 0.09% to 2,061.13 points.
Computer Company Lenovo saw the most gains on the Hang Seng index, climbing 3.44%, while casino operator lost 3.05%. Datang International Power climbed to its highest in over 15 years on plans to re-structure the business.
The South Korean Kospi index edged 0.08% higher at 2,006.66 points.
Australia
In Sydney, the benchmark S&P/ASX 200 index fell 0.12% lower at 5,512.50 points. The Australian industrial company CSR climbed 4.49%, while the media firm Ten Network slid 3.51% lower in shares.
The National Australia Bank Business Confidence Index came in higher to 8 points from 7 months posted in the previous month. Australia’s conditions index rose to 2 in June from -1 seen in the previous month.
European stocks
European stocks extended losses as it traded lower on Tuesday after Germany posted its trade data.
The European Euro Stoxx 50 fell 0.52% lower to 3.216.50 at the time of writing, while the French CAC 40 edged 0.40% lower to 4,387.30. At the same time the German DAX lost 0.56% to 9,850.80, while UK’s benchmark FTSE 100 slid 0.48% to 6,790.30.
Economic Reports
Germany’s trade balance for May came in at a surplus of 17.8 billion euros, measured on a seasonally-adjusted basis, wider than the previous month’s 17.2 surplus, data from the Federal Statistical Office showed.
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