Stocks in Asia began the trading week lower as equities in China head towards two-day low while data from the world’s second-largest economy revealed that the slowdown in the nation’s housing market is deepening.
The Japanese benchmark Nikkei 225 index lost 0.64% closing at 14,006.44 points, while the nation’s Topix index slid 0.60% to close at 1,152.15 points.
The Japanese financial services company, Credit Saison saw the most losses on the Nikkei 225 index with a 4.39% fall. While the electronic company, Tokyo Electron was the session’s biggest winner, climbing 5.62%.
Data from the Cabinet Office in Tokyo showed that the core machinery orders in Japan climbed to 19.1% in March on a monthly basis, compared to the 4.6% seen in the previous month.
Hong Kong’s Hang Seng index fell 0.5% to 22,600.07 points at the time of writing, while the mainland Chinese Shanghai Composite lost 1.03% to 2,005.32 points.
The Chinese property developer, China Resources lost almost 2% after an official report showed that the housing market in China in April slowed down, as prices climbed in 44 out of 70 cities, compared with 56 cities in March.
The South Korean benchmark Kospi index gained 0.8% at 2,015.14 points, while the Australian S&P/ASX 200 index edged 1.15% lower, closing the session at 5,5415.90 points.
European stocks were seen trading lower on Monday, falling from a five-week high.
The European Euro Stoxx 50 lost 0.16% trading at 3,164.50, while the German DAX edged 0.18% lower to 9,611.80 at the time of writing. At the same time the French CAC 40 opened 0.13% lower opening the session at 4,450.30, while the UK’s benchmark FTSE 100 slid 0.31% to 6,834.50.
This week, traders will be focusing on the release of a string of economic reports including, preliminary Purchasing Managers’ Indices for May from Germany, France and the Eurozone on Thursday.
Eyes will also be focused on Ukraine’s presidential elections which will take place this week.
Visit www.hymarkets.com to find out more about our products and start trading today with only $50 using the latest trading technology today.
The post Stocks Market Report 19th May appeared first on | HY Markets Official blog.
Article provided by HY Markets Forex Blog