Asian Markets in Red, Gold Hovers Around Key Resistance at $1248

Asian Markets in Red, Gold Hovers Around Key Resistance at $1248

8 June 2016, 06:50
Roberto Jacobs
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Asian Markets in Red, Gold Hovers Around Key Resistance at $1248

All the major Asian indices are trading on a lower note on Wednesday but on the other side, Gold gains in early hours and trading around key resistance at $1248 marks. In addition, Japanese gains on the back of higher than expected Q1 GDP data and trading around 106.75 marks. Today Japan released GDP data with positive numbers at 0.5% q/q vs 0.4% q/q previous release. In addition, Japan’s current account showed a surplus of ¥1.63 trillion, lower than the surplus of ¥2.04 trillion seen.

Japan’s Nikkei N225 was trading 0.33% lower at 16,620.53 points in Tokyo.

Shanghai composite index to open down 0.1 pct at 2,932.38 points and China's CSI300 index to open down 0.2 pct at 3,171.81 points.

Hong Kong’s Hang seng index was trading 0.22% lower at 21,281.52 points.

South Korea’s Kospi was trading 0.02% higher at 2,012.97 points.

Australia’s S&P/ASX 200 was trading 0.09% lower at 5,365.80 points.

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