Skip to main content
  • Register
  • Help
  • Contact us
  • Log out of your HL account

Asia report: Most markets higher, Aussie coal miners suffer

Fri 22 February 2019 11:03 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

Market latest

FTSE 100 | FTSE 250 | Paris CAC 40 | Dow Jones | NASDAQ

7207.59 | Negative 147.72 (2.01%)

Prices delayed by at least 15 minutes

(Sharecast News) - Most markets in Asia finished the last session of the week in the green, with Chinese stocks leading the charge, although coal plays in Australia were on the back foot following reports of a ban from Beijing.

In Japan, the Nikkei 225 was down 0.18% at 21,425.51, as the yen strengthened 0.03% against the dollar to last trade at JPY 110.67.

On the mainland, the Shanghai Composite was 1.91% higher at 2,804.23, and the smaller, technology-heavy Shenzhen Composite rose 2.28% to 1,477.25.

South Korea's Kospi eked out gains of 0.08% to close at 2,230.50, while the Hang Seng Index in Hong Kong was 0.65% higher at 28,816.30.

Technology giant Samsung Electronics was up 0.43% in Seoul, as investors continued to show cautious positivity around the launch of the firm's new line of Galaxy S10 smartphones.

Oil prices were higher as the region entered the weekend, with Brent crude last up 0.68% at $67.53 per barrel, and West Texas Intermediate adding 1.28% to $57.70.

In Australia, the S&P/ASX 200 added 0.46% to 6,167.30, although coal miners were on the back foot after a report overnight that China was banning the import of Australia coal in its port of Dalian.

BHP was down 0.42% in Sydney trading, while New Hope Corporation lost 3.55% and Yancoal was off 2.8%.

Across the Tasman Sea, New Zealand's S&P/NZX 50 managed to rise 0.1% to 9,309.21, led higher by independent dairy producer Synlait Milk, which was up 3.3%.

Both of the down under dollars were stronger on the greenback, with the Aussie last ahead 0.57% at AUD 1.4024, and the Kiwi advancing 0.41% to NZD 1.4641.

    Daily market update emails

    • FTSE 100 riser and faller updates
    • Breaking market news, plus the latest share research, tips and broker comments

    Register now for free market updates

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.