Asia benefited from the afternoon bounce in the US markets, with all core performing across the board. The Hang Seng probably saw large cap’s perform on the back of a further gains made in the Yuan’s appreciation. Shanghai finished small down but again in extremely light summer volume. The Nikkei regained much of yesterdays loss […]
Back to geopolitical risks again today after North Korea spooked markets with yet more missile test, but this time flying over Japan. All Asia markets were hit as a result of this, with a rush into safe-haven assets such as gold, oil and treasuries. Interesting that oil traded heavy even as the news hit the […]
When a major market contributor is away the markets are always quiet but today with the UK off, there really was very little action anywhere. China continued its constructive roll with the main Shanghai adding an additional 1%; with the Hang Seng little changed. Australia suffered a touch (-0.6%) with the decline of financials. SENSEX […]
Main talking point out of Asia this morning were the continued strong earnings reports and the subsequent buying conviction. In Hong Kong the Hang Seng gained over 1.2% whilst the domestic Shanghai index rallied near 2% after earnings beat expectations to finish the week well bid. We saw solid gains in Financials, energy, communications and […]
We have seen yet another weaker day with the Nikkei declining once more. It had the opportunity to perform but was dragged lower by Industrials, Metals and Manufacturing. The yens strength throughout the week has seen no retracement and remains close the 109 big figure. Core China and Hang Seng both off-set each other with […]
A quiet and mixed session for Asia as we watched the only real move and that was in the USD. Given all the uncertainty we are seeing a steadier run for the US Dollar, with possibly an arguable underlying bid for gold. The Nikkei did retrace a little of yesterdays decline, closing up +0.25% […]
Asian markets loved the fact that the US managed to turn around yesterday and so we opened with an air of confidence for this mornings trade. After an initial sell-off in the Nikkei early session we saw a bounce that unfortunately failed. By mid afternoon we had slipped back to the days lows and watched […]
The news of Steve Bannon’s departure on Friday came too late for Asia and so cash markets readjusted in this mornings session. We did see a little move back into the JPY again, but much of that move was Friday evening and so today was a combination of the remnants of this and the concerns […]
We didn’t really need an excuse for why equity markets were lower in Asia today, but we certainly found it in US markets irrespective of political uncertainties – if we were looking! Ahead of the weekend and a move into US Dollars the Nikkei lost 1.2% but interestingly the JPY only just moved back to […]
FED minutes were the talking point early on and the split decision the market hadn’t really expected. A little more uncertainty thrown into the mix which creates hesitation and a reason to take a little cash off of the table. Throw in the Trump disbanding both the Manufacturing Council and Policy Forum and questions start […]
