We did not see a clear direction for core Asian indices today as we played between the positive and negative for most of the day. A typical August Tuesday with slow trade, low volume and no direction but we did have economic data to digest. Chinese released Export numbers for July increased by 7.2% whilst […]
Asia opened still with the buzz of Fridays surprizing good payrolls number. There were some concerns surrounding the sanctions the United Nations imposed on North Korea but these were quickly dismissed as the day wore-on. In Japan the Nikkei was not to sure in which direction to move and suffered a little ahead of lunch […]
Markets in Asia were looking like they have been on borrowed time a few days this week and so a small retracement ahead of todays US numbers is no real surprise. Most indices were lower but saw a deserved bounce in the KOPSI after yesterdays drumming and also a small gain for the Hang Seng […]
Asia loved the idea that the DOW had closed above the 22k level but many were questioning why is it only the DOW that is soaring? Other core indices (S+O, NASDAQ and even the Russell) had all closed unchanged but for the Russell which fell 1% yesterday. Markets feel like they are treading water, was the […]
Asia found renewed support from the surprise Apple result with a beat of both numbers and units. A worth note here was the size of options traded upon the results – looks like market-makers were running short into the release! This released just after the US close yesterday but is a great way to start […]
A solid day for Asia with gains for all core markets of between +0.3% in the Nikkei and +0.9% for the Australian ASX. All sectors contributed to the broad gains with no single area playing a dominant role. In China, we saw better than expected PMI which provided the boast many markets were looking for. […]
Energy, Industrials and Financials were the sectors leading the Hang Seng in todays trading and we highlight those because it closed up almost 1.3%; not bad for a Monday! Hang Seng helped much of these gains after better than expected results and the announcement of share buybacks. The core Shanghai also closed better (+0.65%) but […]
A weak market close for most of the Asian indices today but saw the KOPSI and ASX off around 1.55% the pair. The Nikkei gave up another 0.6% as the yen trade back to the mid 110’s. With Shanghai the only core that closed positive even the Hang Seng fell -0.6%. The sell-off was broad based […]
The Nikkei managed to reverse the majority of the days trend with an eventual positive close. It was not that great (+0.15%) but a positive close none the less and as the yen played just under the 112 handle, this helped the move at the close. The FED played its part initially but as the […]
Asia closed broadly positive following yet more European and US stock records. Given stock strength has reversed the yens gains and in late trading see the currency back above the 112 level. The Nikkei added an additional 0.5% with automakers benefiting as European rivals suffer from detrimental events but also as better than expected results […]
