Stocks in Asia were seen trading mixed on the first day of the trading week as investors continue to focus on the ongoing geopolitical tensions, while the Japanese market were closed for the Marine Day holiday.
Hong Kong’s Hang Seng index climbed 0.12%, trading at 23,424.75 points at the time of writing, while the Chinese mainland Shanghai Composite slid 0.21% lower to 2,054.92 points at the same time.
In China, the casino operators, Galaxy Entertainment and Sands China saw the most gains during the session, with shares climbing 2.77% and 2.76% respectively. Telecommunications Company China Unicom slid 1.25%, while China Coal lost 1.2% to HK$ 4.07, after the company said its first half net-income is forecasted to fall as much as 75% from the previous year on lower prices and slow demand.
The South Korean Kospi index fell 0.05%, ending at 2,018.50 points, while the Australian benchmark S&P/ASX 200 index edged 0.21% higher to 5,543.10 points.
In Sydney, the mining company Lynas rallied 10.34 and oil and gas company Buru Energy slid 4.32% lower.
Geopolitical Tensions
Following the crash of the Malaysia Airlines MH17 flight which was shot down by a missile system on Thursday, Russian President Vladimir Putin is facing intensified global pressure to respond over claims that the flight was downed by a missile system supplied by Russian military. While in Ukraine inspectors and observers from the Organization for Security and Cooperation in Europe will visit and inspect the crash site.
The conflict between Israel and Gaza continues as it enters its bloodiest phase yet as militants claimed the lives of 13 soldiers and over 400 Palestinians dead.
In Iraq, a number of car bombs went off over the weekend in the capital Baghdad, killing at least 26 people.
European Stocks
The ongoing turmoil in Gaza and Ukraine also weighed on European equities as stocks in the region were dragged lower on Monday. Investors also digest Germany’s producer prices report.
The European Euro Stoxx 50 lost 0.81% to 3,138.54 at the time of writing, while the German DAX declined 1.05%, trading at 9,618.33. at the same time the French CAC 40 index slid 0.73% to 4,303.57, while UK’s benchmark FTSE 100 fell 0.41% lower to 6,721.51.
Meanwhile in Germany, the nation’s producer’s prices remained unchanged in June, following the 0.2% drop seen in the previous month on monthly basis, while on a year-on-year basis producer prices declined 0.7%, the Federal statistical office said.
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Asian Stocks
Stocks in Asia were seen trading mixed on the first day of the trading week as investors continue to focus on the ongoing geopolitical tensions, while the Japanese market were closed for the Marine Day holiday.
Hong Kong’s Hang Seng index climbed 0.12%, trading at 23,424.75 points at the time of writing, while the Chinese mainland Shanghai Composite slid 0.21% lower to 2,054.92 points at the same time.
In China, the casino operators, Galaxy Entertainment and Sands China saw the most gains during the session, with shares climbing 2.77% and 2.76% respectively. Telecommunications Company China Unicom slid 1.25%, while China Coal lost 1.2% to HK$ 4.07, after the company said its first half net-income is forecasted to fall as much as 75% from the previous year on lower prices and slow demand.
The South Korean Kospi index fell 0.05%, ending at 2,018.50 points, while the Australian benchmark S&P/ASX 200 index edged 0.21% higher to 5,543.10 points.
In Sydney, the mining company Lynas rallied 10.34 and oil and gas company Buru Energy slid 4.32% lower.
Geopolitical Tensions
Following the crash of the Malaysia Airlines MH17 flight which was shot down by a missile system on Thursday, Russian President Vladimir Putin is facing intensified global pressure to respond over claims that the flight was downed by a missile system supplied by Russian military. While in Ukraine inspectors and observers from the Organization for Security and Cooperation in Europe will visit and inspect the crash site.
The conflict between Israel and Gaza continues as it enters its bloodiest phase yet as militants claimed the lives of 13 soldiers and over 400 Palestinians dead.
In Iraq, a number of car bombs went off over the weekend in the capital Baghdad, killing at least 26 people.
European Stocks
The ongoing turmoil in Gaza and Ukraine also weighed on European equities as stocks in the region were dragged lower on Monday. Investors also digest Germany’s producer prices report.
The European Euro Stoxx 50 lost 0.81% to 3,138.54 at the time of writing, while the German DAX declined 1.05%, trading at 9,618.33. at the same time the French CAC 40 index slid 0.73% to 4,303.57, while UK’s benchmark FTSE 100 fell 0.41% lower to 6,721.51.
Meanwhile in Germany, the nation’s producer’s prices remained unchanged in June, following the 0.2% drop seen in the previous month on monthly basis, while on a year-on-year basis producer prices declined 0.7%, the Federal statistical office said.
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