Markets in Asia traded mostly up on Monday, ahead of a relatively data-light week in the region, shrugging off the failed military coup in Turkey.
In Australia, the benchmark ASX 200 closed up 28.93 points, or 0.53 percent, at 5,458.50, with most sectors finishing in the green. The materials sub-index, however, closed down 0.13 percent, with major miners falling behind. Shares of Rio Tinto closed down 0.81 percent, Fortescue fell 2.6 percent and BHP Billiton shed 0.74 percent.
South Korea's Kospi index added 3.85 points, or 0.19 percent, to 2,021.11. In New Zealand, the NZX 50 finished up 33.07 points, or 0.46 percent, at 7,105.95.
Hong Kong's Hang Seng index gained 0.66 percent, or 143.93 points, to 21,803.18. Chinese mainland markets fell behind their regional peers, with the Shanghai composite closing down 10.38 points, or 0.34 percent, at 3,043.90, while the Shenzhen composite ended lower by 10.85 points, or 0.53 percent, at 2,027.87.
Markets in Japan were closed for the Marine Day public holiday.
A failed military coup in Turkey to oust President Recep Tayyip Erdogan, which played out over the weekend, sent the Turkish lira tumbling against the dollar and the euro. The dollar was fetching 2.93 lira, after spiking as high as 3.0476 lira, compared with levels below 2.90 lira before the incident.
"Mr. Market woke from the weekend and decided that Turkey's failed coup was a domestic affair which will blow over quite fast. Turkey's still too dependent on foreign funding for comfort and the lira bounce can't go that much further, but the broader market implications are limited," Kit Juckes, a global fixed income strategist at Societe Generale, said in a note Monday.
The Straits Times index in Singapore appeared to have shrugged off the city-state's latest round of export data, edged up 0.06 percent by 4:35 p.m. HK/SIN.
In Singapore, non-oil domestic exports (NODX) fell 2.3 percent on-year in June, compared with an expected 3 percent drop in a Reuters poll. In May, overseas shipments from Singapore unexpectedly jumped 11.6 percent on-year, fueled by gold and pharmaceuticals sales, reported Reuters.
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In Australia, the benchmark ASX 200 closed up 28.93 points, or 0.53 percent, at 5,458.50, with most sectors finishing in the green. The materials sub-index, however, closed down 0.13 percent, with major miners falling behind. Shares of Rio Tinto closed down 0.81 percent, Fortescue fell 2.6 percent and BHP Billiton shed 0.74 percent.
South Korea's Kospi index added 3.85 points, or 0.19 percent, to 2,021.11. In New Zealand, the NZX 50 finished up 33.07 points, or 0.46 percent, at 7,105.95.
Hong Kong's Hang Seng index gained 0.66 percent, or 143.93 points, to 21,803.18. Chinese mainland markets fell behind their regional peers, with the Shanghai composite closing down 10.38 points, or 0.34 percent, at 3,043.90, while the Shenzhen composite ended lower by 10.85 points, or 0.53 percent, at 2,027.87.
Markets in Japan were closed for the Marine Day public holiday.
A failed military coup in Turkey to oust President Recep Tayyip Erdogan, which played out over the weekend, sent the Turkish lira tumbling against the dollar and the euro. The dollar was fetching 2.93 lira, after spiking as high as 3.0476 lira, compared with levels below 2.90 lira before the incident.
"Mr. Market woke from the weekend and decided that Turkey's failed coup was a domestic affair which will blow over quite fast. Turkey's still too dependent on foreign funding for comfort and the lira bounce can't go that much further, but the broader market implications are limited," Kit Juckes, a global fixed income strategist at Societe Generale, said in a note Monday.
The Straits Times index in Singapore appeared to have shrugged off the city-state's latest round of export data, edged up 0.06 percent by 4:35 p.m. HK/SIN.
In Singapore, non-oil domestic exports (NODX) fell 2.3 percent on-year in June, compared with an expected 3 percent drop in a Reuters poll. In May, overseas shipments from Singapore unexpectedly jumped 11.6 percent on-year, fueled by gold and pharmaceuticals sales, reported Reuters.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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