Showing posts with the label Asia Markets Report

Asia I Asia Markets Closing Report Report : Asia stocks rise as China fixes the yuan at weakest level since 2008

Eustance Huang 5-6 minutes - CNBC   Stocks in Asia mostly gained on Thursday as Chinese customs data showed a surprise jump in the country’s July exports despite a protracted trade war with the United States. Investors kept a close eye on the yuan , which crossed the psychologically important level of 7 per dollar again, after the Chinese central bank set a midpoint reference that was the weakest in more than a decade. Mainland Chinese stocks gained on the day, as the Shanghai composite rose 0.93% to approximately 2,794.55 and the Shenzhen composite added 1.011% to about 1,498.95. The Shenzhen component advanced 1.19% to 8,919.28. Hong Kong’s Hang Seng index gained 0.54%, as of its final hour of trading. In Japan, the Nikkei 225 rose 0.37% to close at 20,593.35. The Topix index, on the other hand, bucked the overall trend and slipped fractionally to finish at 1,498.66. Over in South Korea, the Kospi ended its trading session higher by 0.57% at 1,920.61