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 […]
Another mixed session for Asia but we did see a healthy bounce in the ASX as the currency behaved itself. We did see better levels during the trading session for the Nikkei but could not be held for the close. Those loses have been reversed in US trading as futures follow the healthy US market […]
A clear distinction was drawn between Shanghai (+0.4%), Hang Seng (+0.5%) and SENSEX (+0.7%) exchanges and the ASX (-0.6%) and Nikkei (-0.6%) as they both suffered declines. Some Chinese industrial profits have been encouraging, possible regulatory changes and improving economic data continue to support momentum. The yen trades comfortably with a 110 handle – a […]
We did eventually see a mixed close in US with the NASDAQ setting new gains but the late rally failed to convince Asian markets of the rally and having seen ECB unchanged, we saw Asian indices small down. It was a reasonably light session to close the week as main core markets drifted. The Nikkei […]
A strong Asian session following yet another record US performance with the added enthusiasm for central guidance from both the BOJ and the ECB. The BOJ left rates unchanged but we did hear them cut the inflation forecast for this and next years. Earlier we also saw the June Trade data release which proved to […]
A healthy close for Asia in todays trading after the uncertainty seen from a mixed US session. The large cap DOW recovery helped but it was the broader S+P and NASDAQ that contributed most for Asia’s impetus. The Nikkei only marginally closed in positive territory but it was the fact that it closed above […]
It was US news again that drove market direction for Asia after we heard late in the US time zone that two additional Republican’s opposed the healthcare bill. The DXY and US index futures were weaker on the news dragging much of Asian equities with them. In China the data for Home Prices released lower […]
The better than expected GDP release we saw from China was unfortunately, only a positive influence for a short period, then profit taking and summer liquidity took over. Shanghai has had a good run so far but having had the Index inclusion and probably suffering from a stronger currency. Second quarter released at 6.9% compared […]
