Nikkei cash opened today following the same trend from Friday’s late US futures session with cash down around 4%. This did ultimately produce the days low and we rallied from there in low volume but cash still closed 3.1% lower on the day. China, Hong Kong, Taiwan, Singapore, and Malaysia markets were also closed today. Like Asia, Europe had its share […]
It was the turn of the Hang Seng to play catch-up with Japan today and probably the perfect opportunity with the Nikkei closed for a national holiday. The HSI dropped over 1.5% that could have been a reaction to the Yuan fix (6.489 is the highest in over 10years) but also impacting from the JPY […]
Many market players were expecting further measures from the BOJ overnight but was not to be! It was widely expected that further details of asset purchases would support both the Nikkei and JGB markets whilst leaving the JPY to weaken. However, a lack of action by the BOJ resulted in a 3.5% decline in stocks […]
With the exception of Australia, last night saw a fairly dull session ahead of the FED and also the BOJ decision expected tonight. All core indices were negative but within a normal range given events scheduled later. In Australia however, consumer prices dropped well below market forecast and shook both the ASX (Aussie Stock market) […]
Unfortunately, it was just the Nikkei that prevented a positive “clean-sweep” for core Asian indices today. The Nikkei remains nervous ahead of the BOJ despite the JPY showing no signs of reversing its recent weakness, as YTD it remains down 7.5%. China and Hang Seng both saw late rallies take them back into positive territory […]
This week all eyes will be focused on Central Banks, namely the BOJ, RZB and time again for the Federal Reserve. Stocks have started the week on a nervous note with all core markets falling as talks of further easing weighs on sentiment. The Nikkei and HSI both attempted early recoveries but to no avail […]
Hang Seng decided to join the Nikkei’s performance overnight with both indices returning a 2% gain for the day. Sadly, the Shanghai was unable to join the fun with that market eventually closing down -0.7%. Actually, that was a result as earlier in the day it had been down 4%. A large shortage of liquidity […]
Nikkei opened well and also saw a retracement of the JPY, but unfortunately, other Asian indices did not follow suit. Having seen a 0.5% gain in the first hour of trading, we spent the rest of the day drifting back to almost unchanged. Shanghai and Hang Seng, meanwhile, were hit from the opening and really […]
An encouraging session for Asia overnight but especially the Nikkei. Bouncing from yesterdays lows with an enticing 600 point (3.7%) rally. We did not see that response from either the Shanghai or Hang Seng but positive sessions for both is acceptable for any day. The JPY remains a focal point between dealers as all are looking for […]
A disappointing result from the weekends Doha meeting, resulted in negative market reaction early Monday morning trading. With oil initially trading off 6.5% from Fridays close the Asian equity markets opened in a bit of a frenzy with many brokers looking for the bid. The Nikkei was the weakest of the bunch closing down over […]
