Asian stocks defend mild gains ahead of US NFP

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The stocks on the Asian bourses continued to waver between gains and losses so far this session, with the region’s indices finally looking to settle the week in the positive territory.

    Asian indices hit 8-week highs

    The Japanese benchmark index, the Nikkei 225, erased initial losses and now attempt recovery above 17k mark, still up 0.26%. The energy stocks got a lift from the overnight rally in oil prices and underpinned the index, while a relatively stronger yen kept a lid on the advance.

    The Australian and Chinese markets traded higher as optimism prevailed at the start of the Chinese national legislature’s annual gathering. The Australian benchmark index, ASX 200 gained +0.32%, while the Shanghai Composite trades -0.49%, Shenzhen’s CSI300 advances 0.41%. Hong Kong’s Hang Seng rises 0.49%.
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