APAC markets end flat on mixed sentiments

2 min read | June 24, 2021 06:33 PM AEST | By Furquan Moharkan

The equity markets in the Asia Pacific (APAC) region closed mostly flat on a day when the sentiments across the geography seemed mixed.

In Mainland China, shares closed mixed as the Shanghai Composite Index ended the trading day largely around the flatline at 3,566.65 – up just 1 basis point – while the Shenzhen Component dipped 40 basis points to 14,784.8. In the Chinese Autonomous Region of Hong Kong, the Hang Seng Index advanced about 19 basis points, when the day’s trade ended.

In far eastern Japan, the Nikkei 225 ended the trading day unmoved at 28,875.23 while the Topix closed around flatline, dipping 10 basis points to close at 1,947.10.

In other APAC markets, the sentiments struggled to find a direction. South Korean KOSPI gained 30 basis points on the day to 3,286.10. On the other hand, Down Under, in Australia, the ASX200 declined by 32 basis points, closing at 7,275.30.

Morgan Stanley Capital International’s (MSCI) APAC index was trading above 45 bps.

Overnight, in the US, the S&P 500 slipped 11 bps to close at 4,241.84, ending a two-day winning streak. The broad index is now 40 bps shy of an all-time high. The Dow Jones Industrial Average, popularly known as the Dow 30, ended near flatline at 33,945.59, while the Nasdaq Composite rose 13 basis points to 14,271.73.


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