Asian Markets in Red, Gold Finds Support Above $1262

Asian Markets in Red, Gold Finds Support Above $1262

13 May 2016, 06:34
Roberto Jacobs
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Asian Markets in Red, Gold Finds Support Above $1262

All the major Asian indices are trading on a lower note on the last working day of the week. On the other side, Gold fails to fall below $1260 marks and trading above $1266 marks. In addition, Japanese Yen gains in early Asia and hovers around 108.85 marks.

Japan’s Nikkei 225 index was trading 1.08% lower to 16,466.09 points in Tokyo on Friday morning, while the broader Topix gauge swung 0.74% lower to 1,327.42 points.

Hong Kong's Hang Seng index was trading 1.22% lower to 19,671.39 points and the Shanghai Composite falling 0.41% to 2,824.27 points.

Korea's Kospi index was trading 0.50% lower at 1,967.55 points on Friday. Today BOK held its benchmark rate at a record-low 1.5% today.

Australia’s S&P/ASX 200 index was trading 0.56% higher to 5,329.20 points in Sydney.

New Zealand’s benchmark S&P/NZX 50 index was trading just 0.04% higher at 6,925.83 points.

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