Nikkei 225 Ends Higher on Improved Sentiment
Asian indices and Nikkei finished higher as stock investors cheered news that U.S. trade negotiators will likely visit China next week for their first face-to-face talk with Chinese officials since the G20 meeting. Traders’ attention focused on the Fed policy meeting next week as hopes of a 50bp cut to interest rates fade away. The Hang Seng finished 0.31 percent higher at 28,458, the Shanghai composite ended 0.42 percent higher to 2,898 and the Singapore Straits Times index finished 0.39 percent higher at 3,370.
Aussie stocks trading 0.40 percent higher at 6,717. In Japan the main benchmark, Nikkei 225 outperformed as it finished 0.95 percent higher at 21,620. Japan June final machine tool orders –came in at 37.9% topping expectation of -38.0% year over year prelim. The move today by the Nikkei regenerated the positive momentum and an attempt to 21,700 looks possible.
In Asian forex markets USDJPY trading 0.13 percent higher at 108.13, the Aussie dollar trades 0.18% lower against greenback at 0.7021 while Kiwi trades lower at 0.6733 versus USD. Gold is under selling pressure at 1,416, while crude oil is 1.05 percent higher at $56.45 per barrel.Don’t miss a beat! Follow us on Twitter.