Economic news

Asian shares mixed as hopes for successful deal cool off

Asian stock markets mixed on Wednesday as the Fed Chairman Jerome Powell speech cooled the recent enthusiasm of investors in anticipation of aggressive monetary easing. The Washington officials statements have reduced confidence in the productiveness of the meeting of the Sino-American heads within the framework of the G-20 summit.

asian shares mixed as trade deal could have unexpected conclusion

The MSCI composite index for shares in the Asia-Pacific region slippedl by 0.2 percent.

Japan’s Nikkei fell by 0.51 percent, to 21,086, while Hong Kong's Hang Seng gained 0.13 percent, to 28,221. The Shanghai Composite Index fell by 0.19 percent, to 2,976, whereas South Korea’s Kospi inched higher by 0.01 percent, to 2,121 at 9.14 GMT. Taiwan’s Taiex dipped by 0.51 percent, to 10,652. The base indexes in Singapore, Indonesia and Australia eased by 0.18, 0.16 and 0.26 percent respectively.

SoftBank shares in Tokyo dropped by 1.69 percent, in Hong Kong Sunny Optical shares value by 2.22 percent.

Companies whose shares showed significant changes in this or that direction on Wednesday:

Chiyoda (+5.63), G-tech Optoelectron (+5.06), Kangmei Pharma (+5.02), Sandfire (+4.30), Takashimaya (+4.23), Eclipx Group Ltd (+4 , 20), Advantest (+3.54), China Shipbuilding (+3.52), SK Hynix (+3.30), Dainippon Screen (+3.28), Astellas Pharma (+3.22), Australian Agricultural Company (+3.00), TDK (+2.44), China Fortune (+2.27), Hutchison Port (+2.27), Tokyo Electron (+2.23), Lenovo Group (+1.90), Fujikura (+1.80), Takeda (+1.34), etc.

Formosa Chem & Fiber (-6.82), Zijin Mining Group (-6.38), China Everbright (-4.73), Link Administration Holdings Ltd (-4.64), oOh!Media Ltd (-4.44), Orocobre Ltd (-3.90), Retail Food (-3.70), Janus Henderson Group PLC (-3.44), Fletcher Building (-3.34), Costa Group (-3.20), Yokogawa Electric (-3.19), Japan Tobacco (-3.18), Tokai Carbon (-3.09), HT&E Ltd (-3.03), Denki Kagaku Kogyo (-2.93), CYBG PLC (-2.86), Huatai Securities (-2.73), KAO (-2.72), Genworth Mortgage Australia (-2.71), Mitsubishi Logistics (-2.67), Metcash (-2.63), Canon (-2.60), Nine Entertainment (-2.58), Gold Circuit Elect (-2.54), Chorus Ltd (-2.53), Shiseido (-2.45), Fuji Electric (-2.44), etc.

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