Monday, 2 May 2016

ASIAN MARKET NEWS 03 May 2016

Japan's markets are closed Tuesday due to the Constitution Day holiday. The Nikkei 225 finished down 3.11 percent on Monday, weighed by a surge in the yen against the dollar.
In Australia, shares of ANZ tacked on 1.01 percent, erasing early losses of as much as 4.0 percent, despite the heavyweight bank reporting its fiscal first-half profit tumbled more than 20 percent, coming in below expectations, and spurring the bank to cut its dividend .
That follows a selloff in banks Monday after Westpac's earnings also missed expectations, which had knocked ANZ's shares down 2.2 percent.


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