Asian cash responded to the US news of possible Tax Plan delays and we saw profit-taking and nerves for the first time in a while. Interesting that this has occurred on our November temporary pause expected. The Nikkei has returned -0.8% which has added to yesterdays decline but is falling from the 26 year high. […]
Finally we saw a little profit-taking in the Nikkei today, after having touched 26 year highs in earlier trade. The sell-off was not so much but felt more after spending the majority of the day in positive territory. The Yen moved stronger but that was later in the trading day after news of possible delays to 2019 […]
Although Asia closed with pretty much a mixed session, it really does not explain the mood or sentiment. Yes, the Nikkei closed lower on the day (-0.1%) but after opening lower and a brief dip thereafter, for the balance of the day the market was bid and closed just below unchanged. Major stocks driving the […]
The Nikkei (+1.75%) had the strongest session in Asia today, helped by the continued rally in oil (+3% on Monday) prices and strong earnings. The Nikkei reached new 26 year highs earlier on optimism of growth, mergers and fresh international investment. The index moved stronger from the opening, eventually closing at the highs of […]
Not that much to get excited about in Asian markets today, but with not much fresh news to go-on indices closed mixed. The Nikkei opened better after their long weekend but with other regional markets drifting weaker, the index did well just to close in the positive. Bank of Japan minutes released relatively smoothly with […]
We opened the first day of the month with a strong Asian session with indices up nearly 2%. In Japan, the Nikkei added 1.85% with a weaker Yen, associated energy stock comfort and helped by a huge earnings expectations from Sony (+11%). The Yen is now comfortably into the 114 handle and will now be talked […]
A slow but steady day in Asian equity markets, but happy in the knowledge that the BOJ left almost everything unchanged. The Nikkei closed almost unchanged but has set an impressive two month rally. At above 22k the index closes at a 21 year high, but after the weak opening it took all day to […]
‘ The Shanghai core index traded heavy in todays trading as concerns over the amount of IPO potentially coming to market start to take their toll. Shanghai closed down -0.8% with the Hang Seng losing -0.3%. One of the key topics discussed today was HSBC’s $4.6bn earnings figure. Better than previous but shares closed around […]
The close of a healthy week and the Nikkei manages a close above the 22k figure. It has been flirting with the 22 handle all week and finally takes the YTD close above 15% and the 1yr to 27%. Initially, the rally was helped by the weaker Yen, which earlier was trading 114.20. This […]
China saw a mixed close with Hang Seng’s fall balancing Shanghai’s gain. Talk for China however, focused on reports that China may offer a two tranche 5 and 10yr deals having been absent from the markets for a while. At a time when yields are so low one would expect rather larger deals than is […]
