Asian shares traded higher as currency fluctuations were on focus with the yuan midpoint fixed at its lowest level versus the dollar since May 2008. The People’s Bank of China set the daily yuan midpoint fixed at 6.9508 against the dollar.
Japan’s Nikkei 225 climbed 0.66 percent at 19,401.15 buoyed by the weaker yen. Shares of Nintendo sank 4.24 percent to 26,405 yen a share. Australia’s ASX 200 fell 0.1 percent at 5,532.9, pressured by heavy losses in the all-ordinaries gold subindex, which was 6.71 percent lower. Newcrest Mining shed 4.72 percent to 16.75 Australian dollars a share, Alacer Gold edged down 1.3 percent at A$1.905 and Evolution Mining sank 8.26 percent to A$1.61.
China’s Shanghai composite climbed 0.2 percent at 3,124.03 while the Shenzhen composite advanced 0.949 percent at 1,991.63. South Korea’s Kospi gained 0.27 percent at 2.042.24. Shares of animal vaccine makers were higher. Cheil Bilo rose 6.79 percent to 5,110 Korean won and Choong Ang Vaccine added 1.2 percent to 25,300 won. Hong Kong’s Hang Seng slipped 0.11 percent by mid-afternoon.
The material has been provided by InstaForex Company – www.instaforex.com