After the close on Monday, Australia stocks increased as gains in the Metals & Mining, Materials and Resources sectors led shares higher.
At the close in Australia, the S&P/ASX 200 increased 0.29%.
The best players of the session on the S&P/ASX 200 were Isentia Group Ltd (AX:ISD), which increased 7.56% or 0.110 points to trade at 1.565 at the close. In the meantime, Aconex Ltd (AX:ACX) added 6.48% or 0.230 points to end at 3.780 and Australian Agricultural Company Ltd (AX:AAC) increased 3.60% or 0.050 points to 1.440 in late trade, 12:30AM ET.
The poorest performers of the session were Navitas Ltd (AX:NVT), which declined 15.02% or 0.745 points to trade at 4.215 at the close. Resolute Mining Ltd (AX:RSG) declined 4.95% or 0.070 points to end at 1.345 and Fairfax Media Ltd (AX:FXJ) declined 4.17% or 0.040 points to 0.920.
Declining stocks outnumbered progressing ones on the Australian Stock Exchange by 586 to 485 and 335 ended unaffected.
Shares in Navitas Ltd (AX:NVT) declined to 52-week lows; down 15.02% or 0.745 to 4.215.
The S&P/ASX 200 VIX, which gauges the implied volatility of S&P/ASX 200 options, declined 3.27% to 12.101.
Delivery of gold futures for April increased 0.54% or 6.65 to $1233.15 a troy ounce. Somewhere else in commodities trading, delivery of crude oil in April fell 0.43% or 0.23 to hit $53.10 a barrel, although the May Brent oil deal fell 0.36% or 0.20 to trade at $55.70 a barrel.
AUD/USD declined 0.20% to 0.7578, while AUD/JPY drop 0.28% to 86.28.
The US Dollar Index Futures increased 0.12% at 101.47.
On Additional News
Asian shares were generally weaker, with greater China edging up on Monday after a missile test by North Korea that weighed on regional risk sentiment.
North Korea fired several missiles off its east coast, which flew approximately 1,000 km (620 miles), South Korea’s military stated, while Japan said “three missiles landed inside its exclusive economic zone and that it would not tolerate the hermit state’s provocative actions.”
Japan’s Nikkei 225 decline 0.46%, while the S&P/ASX 200 plunged 0.24% as Australia reported retail sales for January with a 0.4% increase as seen month-on-month, 12:03AM ET.
The Shanghai Composite surge 0.37% and Hong Kong’s Hang Seng index increased 0.37%
During the weekend, Premier Li Keqiang sounded a careful note at the yearly meeting of parliament that started Sunday, and said that China would develop its economy by approximately 6.5%, compared to the progress target of 6.5 to 7% set the previous year.
Other notable goals from Li’s speech include China targets for a yearly consumer price index (CPI) of approximately 3%, and a yearly budget deficit of 3% of gross domestic product, and 2017 M2 growth of approximately 12 percent.
The yearly National People’s Congress (NPC) will also kick off today and last until March 15.
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