KOSPI Is Flat, but ASX, NZ50, and Singapore Indexes Lose Slightly

Australia and New Zealand

Australia’s ASX 200 lost 0.26% today. The index remained in a downward momentum within a narrow range today. 58 stocks in the index gained, while 131 fell today. Among the sectors, industrials, healthcare, and basic materials were the only gainers today.

BHP Group (BHP) lost marginally on the Australian Stock Exchange today, but the ADRs of the mining giant were up 0.65% in pre-market trading on the NYSE at 7:37 AM EDT. Rio Tinto (RIO), which saw a 0.76% gain on the Australian Stock Exchange today, was up 0.52% on the NYSE in pre-market trading at the same time. The iShares MSCI Australia ETF (EWA) lost 0.36% yesterday. New Zealand’s NZ50 lost slightly today.

Singapore and South Korea

Amid the volatile trade today, Singapore’s FTSE Straits Times Index lost marginally. Singapore’s industrial production data for May was published today. Industrial production in May fell 2.4%, more than the expected 2.2%. In April, production was marginally up. Yesterday, the iShares MSCI Singapore ETF (EWS) lost 0.82%, underperforming the Singapore Index. We may see the ETF to be range-bound today. South Korea’s KOSPI ended flat today.