Asian equities mixed | Asian equities mixed after US markets slip

Equities in Asia are trading mixed as US market slipped on uncertainty in Washington while investors anticipated an annual central banking symposium in Jackson Hole.   
Japan’s Nikkei 225 rose 0.35%, with gains in automakers, trading houses and financials driving the broader rise in the index.

The Kospi traded just below the flat line, falling 0.03%.The S&P/ASX 200 declined 0.27% as investors digested earnings. Most sectors recorded losses, but the energy and utilities sub-indexes made moderate gains.Hong Kong’s Hang Seng Index rose 0.20%.

On the mainland, the Shanghai Composite tacked on 0.77% and the Shenzhen Composite was higher by 0.50%.India markets were closed for a public holiday.

Investors are focusing on speeches from US Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi at an annual central banking meeting in Jackson Hole.Japan July CPI rose 0.5% compared to one year ago. That was the seventh consecutive month of gains in core consumer prices.

Equities in US closed slightly lower despite a sharp rise in retail stocks, with the Dow Jones industrial average slipping 0.13%, or 28.69 points, to close at 21,783.4.

Leave a Reply

Your email address will not be published. Required fields are marked *


3 × four =