Market Drivers – Asian Session 09-11-2021

The Asian session on Tuesday was quiet, with Asian stocks looking for a clear direction.

The Nikkei index closed down 0.75 percent to 29,285.46 points, after rising 0.82 percent earlier in the session.

The broader Topix index fell 0.81 percent to 2018.77 points.

Many technology-related stocks shone, led by SoftBank Group, which invests in emerging companies, which gained 10.50 percent, to be the biggest gainer on Nikkei.

Gold futures were down 0.14% to $1,825.45, after hitting their highest level since Sept 7 on Monday. The dollar, which usually moves in reverse with gold, fell on Tuesday and remained near the previous session’s lows.

European shares rose to near all-time highs on Tuesday, as sentiment was boosted by solid business results for companies, while investors awaited fresh US inflation data for indications on interest rate expectations.

Brent crude was down 10 cents at $83.33 a barrel, after rising 0.8% on Monday, and US oil was down 6 cents at $81.87 a barrel, after rising 0.8% the previous day.