Most of the stocks in Asia were on the positive territory on Tuesday, following the good performance of Wall Street equities yesterday. The Japanese benchmark Nikkei 225 index climbed above the flat line as it rose by 0.01 percent. Stocks from the retail and auto sector led most of the gains with Mitsubishi Motors jumping by 2.26 percent.
Down Under, the ASX 200 index went higher by 0.57 percent. The mining sector was one of the index’s leading advancers as Mount Gibson Iron added 3.57 percent to its value and BHP rose by 0.94 percent. The gold mining sub-index closed 2.12 percent higher. In China mainland, the Shenzhen Composite rose by 0.59 percent and Shanghai Composite advanced by 0.34 percent.
In contrast, the South Korean benchmark Kospi closed in the red zone after it fell by 0.21 percent, although its tech stocks finished higher. SK Hynix edged up by 3.03 percent and Samsung Electronics climbed by 1.02 percent.
Gold and other metals were mostly static due to a strong dollar
The price of gold froze on Tuesday after the dollar managed to maintain its strength. Investors kept an eye on the progress of the U.S. tax reform. U.S. gold futures edged down by 0.1 percent closing at $1,264.80 per ounce and spot gold remained stable at $1,261.41 per ounce throughout the day.
Looking at other metals, platinum stayed at $906.24; spot silver did not move from $16.12. Palladium climbed by 0.2 percent closing at $1,020.15.
* The details mentioned above have been partially adopted from third party sources, including websites, and are displayed “AS-IS” Readers should take into account that all the data that appear in this review can change based on the dynamic of global markets. The information provided by the review ought not to be considered as advice or financial guidance nor can it relate to any investor’s personal requirements or investment goals. In addition, the data should not be conceived as any kind of recommendation to trade and / or carry out a transaction and / or deposit funds.