Australia and New Zealand

On June 19, Australia’s ASX200 posted its second consecutive gain, following the gains in US markets on June 18. The index rose 1.2% and closed at a fresh 11-year high of 6,648.10. The index is inching towards its lifetime high of 6,851.5 achieved in November 2007. The ASX200 has been one of the best-performing indexes in the world in 2019 with 17.7% gains.

News Corp (NWSA) gained 4.6% on the ASX (Australian Stock Exchange) on June 19. The previous day, News Corp gained 5.31% on the NYSE. BHP Group (BHP) rose 2.04%, while Rio Tinto (RIO) gained 1.94% on the ASX on June 19. BHP Group and Rio Tinto are part of the iShares MSCI Australia ETF (EWA). Both of the companies are also listed in the US.

On June 18, BHP Group and Rio Tinto gained 2.77% on the NYSE. The iShares MSCI Australia ETF gained 1.52% on the NYSE Arca.

New Zealand’s NZ50 gained 1.1% on June 19.

Singapore

Singapore’s Straits Times Index gained 1.53% on June 19. The index traded in the green for the second consecutive day. In the index, 28 of the 30 stocks gained, while one declined. The utilities and technology sectors were the best-performing sectors on June 19.

On June 18, the Singapore-focused iShares MSCI Singapore ETF (EWS) gained 2% on the NYSE Arca.

South Korea

South Korea’s KOSPI gained 1.24% on June 19. The iShares MSCI South Korea Capped ETF (EWY) gained 2.46% on the NYSE Arca on June 18.

Latest articles

Marathon Petroleum (MPC) stock has been tumbling in Q3, driven by geopolitical tensions, oil price uncertainty, and weaker refining conditions.

This week, AT&T CEO Randall Stephenson noted that AT&T (T) is on track to reduce its leverage multiple to about 2.5x by the end of this year.

Jeff Bezos announced that Amazon had placed an order of 100,000 electric delivery vans from Michigan-based startup Rivian.

Bad news on the trade war front appears to have led to a fall in the broader US equity markets today. Cannabis ETFs were also trading in the red.

Energy Transfer (ET) stock has recovered in the last two trading sessions after investors hammered it on its plans to acquire SemGroup (SEMG).

Software-as-a-service company Datadog (DDOG) made a smashing debut on Wall Street yesterday. After its IPO, DDOG's shares surged 40% in intraday trading.