Having had an extremely quiet day Thursday with Thanksgiving holidays in the states, many kept an eager eye on China following yesterdays 3% share decline. We did see the repeated weakness for most if the day, but managed an impressive rally just ahead of the close to finish small higher (+0.1%). The talk surrounding tighter […]
Another solid day for Asia with many talking that the key takeaway was the Hang Seng clearing the 30k mark, the first time in 10 years. It even managed a close above this psychological level adding another 0.6% to the 36% already achieved this year. The Nikkei also added 0.5% an impressive performance given that […]
Asia followed the strong US sentiment encouraged by better than expected data. Much of the moves however, can also be explained by increasing capital flow away from troubled areas. Mondays flow was forced after news that the German Chancellor Angela Merkel failed to form a government suggesting new elections. With the Euro losing ground we […]
Asia closed mixed in a fairly quiet session but ahead of what could be a wild week. The Nikkei’s decline was very much reflected in the Yen’s strength. Financials again weighed on the index but this is a reflection of both low volume of shares traded and the shape of the yield curve (2’s – […]
The tax reform bill passing the US House yesterday certainly added to sentiment, after great earnings releases for markets but Asia need more help for cash today. Having opened strong all core markets then drifted and even saw the Nikkei trade negative. For the week it closes down 1.3% which has broken a two […]
Interesting that the Yen saw only minimal inbound traffic on Wednesday’s equity sell-off and today is still little changed with a stock rally! Admittedly, volumes are a shadow of what they used to be some years back, but just demonstrates how the game has changed. There is still plenty of money sitting on the […]
Asian markets opened lower with markets continuing the slide as the day progressed. The Nikkei took the trophy for being the weakest component with a daily loss of 1.6%. With declining energy and commodity prices coupled with poor economic data was enough to take the market lower and the immediate effect was a strengthening […]
All core markets finished lower in Asia today, with the possible exception of the Nikkei that closed almost unchanged. The Hang Seng closed small down but was Shanghai that lost -0.5% which after the data was actually not that bad! Today we saw Industrial Production, Retail Sales and Investment Spending and it was the talk […]
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 […]
