It was a mixed story in Asia today with the Nikkei still cooling after its recent performance, but given Toshiba’s performance, -3.5% again today – having missed its publishing deadline, certainly did not help confidence. The Nikkei ended the session down almost 0.5%, but we do have the Tankan to be released later this evening; […]
Following from the constructive message the market was hearing from the FED, the Nikkei regained the 1.05% it lost yesterday. This proved to be an impressive performance when considering Toshiba shares dropped 9% amid a potential book write-down of $6.3bn to its US nuclear unit. Hang Seng built on yesterday’s gain adding another +1.2% reaching […]
A little profit-taking in the Nikkei today ahead of the FED semi-annual address was to be expected but todays price fall was probably more than most expected. The Nikkei declined 1.15% in todays trading with more concerns over the alluded slowed down after Finance Minister (and deputy Prime Minister) Taro Aso remarked it may take […]
Another strong opening session for the week in Asia with equity markets improving from where they left-off on Friday. The news over the weekend that North Korea had tested weapons failed to scare markets as much as it did the media. Japan’s GDP was a touch under expectation but the Nikkei was pulled along with […]
Asia benefited from new record highs in the US and really set the pace for the end of the week. The Nikkei was certainly the star performer adding 2.5% on the day taking the index to 19,400 with many talking the psychological 20k is next weeks target number. The JPY suffered against the USD falling […]
Asia was split today with the Nikkei not managing to move out of first gear – at least during the Asia session – but saw the Yen lose its haven status. The volatile Japanese data for Machinery Orders was released better than the 3.1% expected figure at +6.7% (against a previous -5.1%) did not really […]
All core Asian indices closed higher today even as energy prices fell another 1% in todays trading. The Nikkei, Hang Seng and Shanghai all closed +0.5% firmer on the day. Currencies were well behaved with the JPY playing around the 112 figure for the majority of the day. The dollar index (DXY) broke above the […]
Given that we saw the US markets retreat mid-session from early highs, in Asia many were concerned the full enthusiasm is yet to arrive. As equity markets took a side-step gold was the main talking point after its near $20 rally in late US trading. The flight to quality also saw the JPY retest old […]
After a successful Non-Farms number on Friday, Asia followed suit encouraged along by the US markets closing near their days highs. All core Asian indices followed but with the exception of the ASX (Australian exchange) which closed small lower as the currency made ground. The Nikkei made ground closing +0.35% higher but could have been […]
One of the main topics of conversation overnight was the fact that the Shanghai market reopened, after the week long holiday, to a surprise reverse-repo hike (10bp’s to 2.35%) which resulted in a -0.6% decline in the Shanghai Index. The CNH traded back up through the 6.82 mark but in late US trade saw core […]
