Asian Stocks
Asian stocks were seen swinging between gains and losses on Thursday as traders digest the disappointing Australian unemployment data amid the ongoing tensions between Russia and Ukraine.
Te Japanese benchmark Nikkei 225 index gained 0.48% to 15,232.47, while Tokyo’s Topix index added 0.55% to 1,258.12.
In Japan, Pacific Metals saw the most losses during the session, with shares falling by 7.66%, while Mitsui Fudosan tumbled 1.3% to 3,268.5 yen after the real estate developer posted its first-quarter net income figures, which declined 6.2% from the previous year to 15.7 billion yen. The Japanese mobile game company DeNA lost 7.1% to 1,211 yen, the lowest since November 2009 after saying the company’s first-half profit will drop by 64% to 6.6 billion yen.
On the positive side, the dairy product maker Meiji Holdings climbed 11.50% after reporting the company net income jumped 13% to 7.4 billion yen.
Hong Kong’s Hang Seng index fell 0.57% to 24,442.86 at the time of writing, while the Chinese mainland Shanghai Composite edged 0.89% lower to 2,197.80 at the same time.
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In China, Galaxy entertainment lost 6.5% to HK$59.35, while Sand China slid 6.2% lower to HK$52.10 after their employees protested over pay. Hong Kong Stock Exchange went up 2.58%.
Australia
In Sydney, the benchmark S&P/ASX rose 0.01% higher, ending at 5,512.80.
A report released from the Australian Bureau of Statistics showed that the unemployment rate in Australia rose to the highest since 2002 last month. Australia’s unemployment rate rose to 6.4% in July, compared to analysts estimates of 6%.
Full-time jobs increased by 14,500 in July, while 14,800 part-time jobs were cut, with a net job growth of -300, compared to the net 15,900 jobs added in the previous month.
Ukraine
Traders continue to focus on the crises in Ukraine as tensions escalate after Russia gathered around 20,000 troops on Ukraine’s border as the Polish Minister of Foreign Affairs Radosław Sikorski warned the renewed tensions of Russian troops on the Ukrainian boarder may signal an invasion and set off a conventional war in Europe.
Meanwhile, Russian President Vladimir Putin has imposed a ban on imports from the US and European Union countries in response to the sanctions imposed by the countries.
European stock
Stocks in the European region were seen trading lower on Thursday ahead if the European central Bank (ECB) meeting scheduled to commence later in the day.
The European Euro Stoxx 50 slid 0.37% to 3,039.17 at the time of writing, while the French CAC 40 edged 0.30%, to trade at 4,194.05. At the same time UK’s benchmark FTSE 100 declined 0.16% to 6,625.31 and German’s DAX fell 0.53% lower to 9,081.53.
Later in the day members of the European Central Bank are expected to meet and projected to make no changes to its policy measures to maintain the benchmark interest rate at 0.15%
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