Australia and New Zealand
Australia’s ASX200 lost marginally today. Although the index was trading higher until noon, it erased those gains after that. 70 stocks gained, while 118 saw a drop. BHP Group (BHP) outperformed the index with marginal gains, while Rio Tinto (RIO) gained 0.64%. BHP Group was trading 1.26% higher on the NYSE in pre-market at 5:47 AM ET. Rio Tinto (RIO) was up 1.41% on the NYSE in pre-market trading at 4:58 AM ET. Both BHP Group and Rio Tinto are a part of the iShares MSCI Australia ETF (EWA), which gained 0.72% yesterday.
New Zealand’s NZ50 Index was one of the exceptions in the Asia-Pacific sell-off today. The index gained 0.28% on favorable trade data. New Zealand’s imports, as well as exports in May, rose over April. As a result, the trade deficit came in slightly lower than expected.
Singapore’s Straits Times Index declined 0.22% after trading sideways today. Only eight stocks out of 30 in the index rose, while 14 ended in the red. Technology was the worst-performing sector today, as the Venture Corporation, a technology services provider dipped 4.86%. Yesterday, Singapore focused on the iShares MSCI Singapore ETF (EWS) stayed steady.
South Korea’s KOSPI mimicked Singapore, losing 0.22%. 212 stocks in the index gained while 512 ended in the red. Yesterday, the iShares MSCI South Korea Capped ETF (EWY) gained 0.2%.