Asian Equities Finished Mixed, Nikkei Gains
Asian indices finished mixed as investors attention turns to Jerome Powell speech later today looking for fresh trading impulse. The Hang Seng finished 0.72 percent lower at 28,129, the Shanghai composite slipped 0.18 percent to 2,928 and the Singapore Straits Times index finished 0.12 percent lower at 3,330. ASX 200 in Australia ended 0.10 percent lower at 6672. The National Australia Bank’s Business Conditions came in at 3 in June matching expectations. Aussie business confidence index fell to 2 in June as analysts’ expected from 7 in May. The ANZ-Roy Morgan Australian Consumer Confidence index came in at 1.1% percent below the previous week reading. In Japan the main benchmark, Nikkei 225 finished 0.14 percent higher at 21,565. Yesterday, Bank Of Japan Governor, Kuroda, assured the Bank will maintain easing for as long as needed to hit stable 2% inflation.
In Asian forex markets USDJPY trading 0.08 percent higher at 108.80, the Aussie dollar continues lower against greenback at 0.6947 while Kiwi also trades lower at 0.6614 versus USD.Don’t miss a beat! Follow us on Twitter.