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Australia and New Zealand
The Australian market resumed today after yesterday's holiday for the Queen's birthday. The Australian S & P / ASX200 report has gained a lot today, with Xinhua's report highlighting the strengthening of infrastructure in China. Australia is China's largest trading partner. An increase in infrastructure in China means increased demand for Australian iron ore and metallurgical coal.
The index gained 1.59% today and ended with a peak of 6,546.3 years. Rising iron ore prices have pushed up the shares of miners. The BHP group gained 2.3%, while Rio Tinto gained 2.6% today. The iShares MSCI Australia (EWA) ETF ended yesterday on the NYSE Arca. The ETF has recorded a return of 15.95% so far in 2019. After falling yesterday, the New Zealand NZ50 gained 1.09% today.
Singapore
The Straits Times of Singapore has gained 0.67% today, a fifth straight increase. The index opened higher and remained in a narrow range to end at 3,209.58 near the high of the day. The agreement with Mexico and Trump's hope to meet Xi Jinping at the G20 Summit have kept the index in the green.
The index has returned 4.59% so far this year. Yesterday, the iShares MSCI Singapore ETF Fund (EWS) gained 0.64%, bringing its cumulative performance to 5.31% since the beginning of the year.
South Korea
Korea's KOSPI rose 0.59% to end the day at 2,111.81. The index fell slightly but maintained its upward trajectory throughout the trading day and closed near the high of the day. The iShares MSCI South Korea Capped ETF (EWY) gained 0.91% yesterday. However, the ETF is down 3.5% so far in 2019.
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