Asian Stock Markets Fret About Global Growth
Nasdaq (RTTNews) - Asian markets finished trading on a mostly negative note, amidst concerns about growth in China as well the broader world economy. The rise in crude oil prices also weighed on sentiment.
China's Shanghai Composite Index gained 4 points or 0.12 percent to finish trading at 3,158.08. The day's trading ranged between 3,162.15 and 3,136.90. The Shenzhen Component Index shed 26 points or 0.24 percent to close at 10,515.21.
The Japanese benchmark Nikkei 225 surged 204 points or 0.62 percent to end trading at 33,241.02. The day's trading range was between 33,090 and 33,282.50.
Mitsui Engineering & Shipbuilding topped gains with a rally of 8.9 percent. Oki Electric Industry followed with gains of 5.4 percent. Mazda Motor and Pacific Metals, both added more than 4.5 percent. Mitsubishi Heavy Industries gained 3.7 percent.
Asahi Group Holdings was the biggest laggard, declining 2.4 percent. Nippon Yusen, Mitsubishi Logistics Corp, Nippon Express and Yamato Holdings, all declined more than 1 percent.
