Asian stocks were seen trading in green on Tuesday, while Australia’s main stock index was dragged down mainly due to the mining sector.
Asian Stocks – Japan
The Japanese benchmark Nikkei 225 advanced 0.30% higher, after trading the flat-line during the gloomy start to the session and hitting a fresh one-month low at 13,894.61, while the Topix index closed 0.22% higher at 1,150.13.
Japan’s Cabinet Office posted the Economy Watcher’s Sentiment for the country, which showed an increase of 52.8 in September compared to the previous reading of 51.2 in August, while analysts were expecting a rise of 52.2.
The Economy Watcher’s Outlook for the nation showed its first rise in five months, with a 54.2 rise in September versus 51.2 in August.
The giant electronic manufacturers Sharp dropped 2.1%, following the 8% drop in the previous session. While Japan Airlines eased 1.7%, following the company’s announcement to purchase 31 aircrafts from Airbus on Monday.
While Sony dropped 2.7% and car manufacturers Toyota Motor lost 0.3%.
Asian Stocks- China
China stocks moved higher from its lower open, assisted by HSBC China’s services Purchasing Managers’ Index (PMI) reaching 52.4.
Hong Kong’s Hang Seng index gained 0.94% to 23,190.00 at the time of writing, while the mainland Shanghai index rose 1.02% to 2,196.75.
The President of China Xi Jingping said that countries with major global currencies should follow dependable policies and also be careful with the changes of the monetary policy.
Australia
Australia benchmark S&P/ASX 200 index dropped 0.23% to 5,149.40, hitting a one-month low.
Newcrest Mining declined 2.26% and Evolution Mining edged 1.9% lowers.
While Korea’s Kospi index edged 0.42% higher at 2,002.76.
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