Over in Japan, the benchmark Nikkei 225 Index was in the red too, closing 2.41% lower on June 26, while Japan'stop steelmakers, Nippon Steel& Sumitomo Metal (TSE: 5401) and JFE (TSE: 5411) eased 23.61% and 22.11%. South Korea’s Kospi Index was down too, by 3.15% at the close. Dongkuk Steel Mill (TSE: 001230) and Hyundai Steel (KSE: 004020) declined 17.18% and 2.47% each, but POSCO (KSE: 005490) managed to recoup from earlier losses and meagerly grew 0.74% during the tracked period.
Metal stocks in India were in lackluster trading in the lower terrain during the period tracked. Tata Steel (BSSE: 500470) and SAIL (BSE: SAIL) declined 15.38% and 9.67%, and both together with other poor performing metal stocks dragged the BSE Metal index down by 12.76% during the period. On the other hand, the condition was cheerier in Australia. Australian shares tracked by Mergent gained, with Bluescope Steel (TSX: BSL) up 15.178% and Rio Tinto (ASX: RIO) at 9.53% higher, while their index component, ASX 300 Metal & Mining Index gained 7.15%.