Stocks in the Asian region were seen trading lower on Friday, dragged lower by the debt default in Portugal that brought up concerns about the European financial sector.
Japan
The Japanese benchmark Nikkei 225 index edged 0.34% lower, trading at 15,164.04, while Tokyo’s Topix index slid 0.30%, ending the session at 1,255.60.
Honda Motor fell 1.6% to 3,515 yen, while Japan’s largest bank, Mitsubishi UFJ Financial Group lost 1% to 599 yen. NH Foods saw the most gains, with shares climbing 4.89% and Canon gaining 2.18% after the Nikkei newspaper reported that the printer maker will post its second-quarter profit which would be up t0 110 billion yen.
China
Hong Kong’s Hang Seng index gained 0.31%, trading at 23,169.85 at the time of writing, while the Chinese mainland Shanghai Composite added 0.43% to 2,047.87.
The Chinese property developer Henderson Land rose 1.65%, while China Resources Power slid 1.97%.
The South Korean Kospi index lost 0.70%, ending at 1,988.74.
Australia
In Sydney, the S&P/ASX 200 index added 0.38%, ending at 5,485.40, boosted by the mining sector.
Qantas Airways saw the most gains during the session, with shares rallying 6.02%, while the energy company Buru energy declined 7.04%.
Portugal
Shares in Europe and the US fell overnight as shares in Banco Espirito, one of Portugal’s largest banks; got suspended on Thursday after falling over 17% and its parent Espirito Santo International (ESI) missed debt payments to some of its clients.
“Due to ongoing material difficulties at its largest shareholder ESI and Espirito Santo Financial Group’s (ESFG) exposure to that company, ESFG has decided to suspend its shares and listed bonds, including the bond issued by its fully owned subsidiary Espirito Santo Financiere,” ESFG announced on Thursday.
The Japanese yen strengthened against the US dollar, with the greenback seen buying 101.27 yen on Friday at the time of writing.
European Stocks
European stocks rebounded, bouncing back from Thursday’s losses.
The European Euro Stoxx 50 rose 0.25% higher, starting the session at 3,160.50, while the German DAX gained 0.21% to 9.679.80. The French CAC 40 added 0.20% at 4,310.30, while UK’s benchmark FTSE 100 edged 0.21% higher, to start at 6,685.30.
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Asian Stocks
Stocks in the Asian region were seen trading lower on Friday, dragged lower by the debt default in Portugal that brought up concerns about the European financial sector.
Japan
The Japanese benchmark Nikkei 225 index edged 0.34% lower, trading at 15,164.04, while Tokyo’s Topix index slid 0.30%, ending the session at 1,255.60.
Honda Motor fell 1.6% to 3,515 yen, while Japan’s largest bank, Mitsubishi UFJ Financial Group lost 1% to 599 yen. NH Foods saw the most gains, with shares climbing 4.89% and Canon gaining 2.18% after the Nikkei newspaper reported that the printer maker will post its second-quarter profit which would be up t0 110 billion yen.
China
Hong Kong’s Hang Seng index gained 0.31%, trading at 23,169.85 at the time of writing, while the Chinese mainland Shanghai Composite added 0.43% to 2,047.87.
The Chinese property developer Henderson Land rose 1.65%, while China Resources Power slid 1.97%.
The South Korean Kospi index lost 0.70%, ending at 1,988.74.
Australia
In Sydney, the S&P/ASX 200 index added 0.38%, ending at 5,485.40, boosted by the mining sector.
Qantas Airways saw the most gains during the session, with shares rallying 6.02%, while the energy company Buru energy declined 7.04%.
Portugal
Shares in Europe and the US fell overnight as shares in Banco Espirito, one of Portugal’s largest banks; got suspended on Thursday after falling over 17% and its parent Espirito Santo International (ESI) missed debt payments to some of its clients.
“Due to ongoing material difficulties at its largest shareholder ESI and Espirito Santo Financial Group’s (ESFG) exposure to that company, ESFG has decided to suspend its shares and listed bonds, including the bond issued by its fully owned subsidiary Espirito Santo Financiere,” ESFG announced on Thursday.
The Japanese yen strengthened against the US dollar, with the greenback seen buying 101.27 yen on Friday at the time of writing.
European Stocks
European stocks rebounded, bouncing back from Thursday’s losses.
The European Euro Stoxx 50 rose 0.25% higher, starting the session at 3,160.50, while the German DAX gained 0.21% to 9.679.80. The French CAC 40 added 0.20% at 4,310.30, while UK’s benchmark FTSE 100 edged 0.21% higher, to start at 6,685.30.
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