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Asia markets exposed varied; ASX down 0.4%, Nikkei up 0.7%

Asia markets exposed varied; ASX down 0.4%, Nikkei up 0.7%

Asian markets opened mixed on Wednesday, as the point of view hit from a lower end in the US stock market offset the good effect of a rise in oil prices. Australia’s benchmark ASX 200 was down 0.37 % in early trade, with the heavily-weighted financials sub-index downwards 0.69 percent. In New Zealand, the NZX 50 was higher by 0.63 percent in mid-morning trade. Analysts indicate the approval of the Shenzhen-Hong Kong Stock Connect was part of China’s efforts to open up its financial sector to make it more insistent by international standards. Net profit of Australian biotechnology firm CSL reported after tax of USD 1.24 billion for the full year terminated June 30, slipping from USD 1.38 billion booked in the previous year. Profit was pulled by CSL’s acquisition of a money-losing flu vaccine business from Novartis.  Underlying net profit after tax, eliminate the loss from the Novartis flu vaccine acquisition, was up 5.2 %. Investors, however, appeared suspicious, as CSL shares sold off 5.84 percent in morning trade. Stateside, the Dow Jones industrial average pulled 84.03 points, or 0.45 percent, to 18,552.02; the S&P 500 index ended 12 points lower, or 0.55 percent, at 2,178.15 and the Nasdaq cut down 34.90 points, or 0.66 percent, up to...
Asian Markets Went Down

Asian Markets Went Down

Today, Asian markets were trading down. Japan’s benchmark Nikkei was trading 1.63 per-cent lower at 16,635.26. China’s CIS300 fell 2.88 per cent to 3,015.55. Besides this, other Asian indices, including Hong Kong’s Hang Seng index went (down 1.08 per-cent), South Korea’s Kospi went(down 1.08 per-cent) and Taiwan’s TWSE (down 0.78 per-cent) were trading high. The economy of japan contracted 1.1 per-cent in the Dec quarter, compared with a contraction of 1.4 per-cent in the preceding quarter. The Chinese trade surplus narrowed to $32.59 billion in Feb, in comparison with 63.29 billion in the last...
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