Unsurprisingly, the US mood swept into Asia assisting those markets that failed to react Monday. The Nikkei led the gains adding +2.65% onto yesterdays +0.7%. The Yen lost more of the fear rally bid, and we see it currently trading high 105’s with a big figure change looming yet again. As more constructive headlines […]
Asia opened weak but the trend change came not long after the opening for many markets. The screens and pages over the weekend were predictably full of the talk of possible US-China trade wars with everyone predicting the worst. News that South Korea may avoid steel tariffs rescued many markets and probably led by the […]
If you were in any doubt what Asia thinks about the possibility of a trade war, you saw the answer today. All major indices lower with losses between 2% and Japan’s Nikkei -4.5%. The Yen saw the flight to quality and even this evening is trading with a 104 handle. Market looks to have […]
Having seen the US markets actions to the FED hike, we had a rather dull response in Asia which resulted in a mixed session. Tech and Real Estate pushed the Hang Seng down just over 1% through on-going data concerns, then also worries over increased funding costs. The Shanghai also fell -0.5% when the […]
Core indices drifted lower today and possibly from the headline that the Central Bank continues to take steps towards opening its markets. Todays announcement that the domestic market will be open to foreign third party payment firms is another move towards internationalisation. Shanghai and Hang Seng closed with only small losses (-0.3% and -0.4% respectively), […]
Having seen a weak US session most Asian indices opened in the red. However, that was not to last and most recovered by the close. The SENSEX took less than an hour before it was trading positive whilst the ASX and Nikkei never actually managed a recovery. The key sector that has led the […]
At the start of what is expected to be a busy week, Asian markets closed mixed but with concerns over the weekends that President Trump had decided to remove the national security advisor expected to wobble markets. Consequently, the Nikkei took much of the brunt of the action after the Yen saw a fresh flight […]
A mixed shop for Asian indices with most playing either side of unchanged for much of the day. The Nikkei opened with a small gain but was again soon under pressure as continued trade war fears and US political concerns with the news that the US Special Council Robert Muller has subpoenaed the Trump Organization […]
Asian markets were pretty mixed after yesterdays US sell-off complemented by the tech turnaround. With little activity in Asia the focus is turning to next weeks FED meeting and the outlook for rates and the US Dollar. The strip currently prices in three rate hikes for 2018 and roughly 1.5/2 for 2019. However, one […]
All of the core Asian markets suffered from US uncertainty today with closes mostly in the region of -0.5% lower on the day. Continued uncertainty surrounding the growing fears of a trade war is spooking markets everywhere. The Nikkei finished a four day rally with a -0.9% decline. There was not much volatility there […]
