26 Aug 2015
Asian markets in a topsy-turvy ride, Shanghai back in the green
FXStreet (Mumbai) - Asian markets are trading mostly mixed on Wednesday with the Japanese indices advancing amid volatile trades, following the mixed cues from US and European markets while markets also digest the interest rate cut by China's central bank.
Japanese exporters had a flying start on Wednesday as the Japanese yen weakened against the US dollar, with the USD/JPY cross trading around 119.35 during mid-Asia, up from an intraday low of 118.58. The Japanese benchmark Nikkei 225 is gaining over 1% at 17990.
While, the Shanghai Composite index opened higher for the first time in five days , however, it soon dropped into negative territory, and now trades slightly higher by 0.37% at 2976 points. The Hong Kong's benchmark Hang Seng index is flat at 21393.
Among other Asian indices, while the benchmark Australian S&P/ASX 200 index loses -0.51% at 5114 with retailers down sharply and some of the large banks also trading with losses. Korea's benchmark Kospi index now trades 1.36% at 1,871 points in Seoul.
Japanese exporters had a flying start on Wednesday as the Japanese yen weakened against the US dollar, with the USD/JPY cross trading around 119.35 during mid-Asia, up from an intraday low of 118.58. The Japanese benchmark Nikkei 225 is gaining over 1% at 17990.
While, the Shanghai Composite index opened higher for the first time in five days , however, it soon dropped into negative territory, and now trades slightly higher by 0.37% at 2976 points. The Hong Kong's benchmark Hang Seng index is flat at 21393.
Among other Asian indices, while the benchmark Australian S&P/ASX 200 index loses -0.51% at 5114 with retailers down sharply and some of the large banks also trading with losses. Korea's benchmark Kospi index now trades 1.36% at 1,871 points in Seoul.