Asian Equities Open Mixed

Asian shares opened mixed on Tuesday amid a lack of fresh cues offshore, with Japan shares tapping and then retreating from a fresh 15-year high.  Wall Street was closed for a public holiday on Monday.

Japan’s Nikkei 225 reversed direction to trade marginally below the flatline, after briefly opening at a fresh 15-year peak of 20,456. In the previous session, the Tokyo bourse advanced for the seventh straight session and finished at its highest level since June 2000.

Australia’s S&P ASX 200 index opened at a nearly three-week high, a day after posting its biggest single-day gain in a month.  A report by the Australian Financial Review said Fortescue Metals has held discussions to get investment from Chinese companies and according to the Foreign Investment Review Board, several Chinese-linked companies have applied to seek permission for investment involving the Australian miner. Shares of Fortescue Metals leaped 11.52 percent from the get-go.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.