ASX Recovers, KOSPI Is Flat, and Singapore Index Retreats


Jun. 24 2019, Published 9:41 a.m. ET

Australia and New Zealand

Australia’s ASX200 recovered today after a loss on Friday. After losing 0.55% on Friday, the index rose 0.22% today. However, the market breadth was negative. Out of 200 stocks in the index, 83 advanced, while 103 retreated. 14 stayed unchanged today.

BHP Group (BHP) and Rio Tinto (RIO) were among the gainers, while News Corp (NWSA) lost 1.29% on the Australian Stock Exchange today. These three companies also trade in the US. BHP Group accounts for 8% of the iShares MSCI Australia ETF’s (EWA) total holdings. The ETF lost 0.58% on Friday. New Zealand’s NZ50 Index was the biggest gainer among the major APAC indexes today with 0.59% gains.

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Today, Singapore’s FTSE Straits Times Index’s four-day winning streak was broken. The index lost 0.3% to end at 3,311.53. Out of 30, 12 stocks in the index advanced, six remained unchanged, while the remaining 12 declined. Financials and utilities were the worst-performing sectors, while the consumer non-cyclicals, technology, and telecom sectors gained. The iShares MSCI Singapore ETF (EWS) remained steady on Friday, clocking a 3.12% gain last week.

South Korea

South Korea’s KOSPI remained steady today. However, market breadth remained negative with 319 stocks gaining and 408 stocks declining today. On Friday, the iShares MSCI South Korea Capped ETF (EWY) lost 0.45% to end the week 4.8% up.


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