Asian cash markets followed their positive futures run from US trading session was met with strong openings across the board. The PBOC set the Yuan exchange rate at 6.5490 and even a ratings down-grade of China could not stop a 4.2% higher close. The Nikkei was also up over 4% but we did see weakness from […]
There were some big smiles across the faces of many equity traders today as we have seen some of the strongest markets gains in a while. The Nikkei closed +0.4% but could not match the performance of the Shanghai or Hang Seng Indices when they closed up at almost 2% on the day. We saw […]
All core Asian markets traded heavy by the close of business – it was hopeful that Japan was to be the exception – sadly, that was not to be the case! Although the Nikkei was higher for the majority of the day in the final ninety minutes it too was sold and closed down 161 […]
We saw healthy performances across all Asian Indices amongst the G20 headlines. There is much talk about additional fiscal stimulus coming from China whilst Germany takes the opposite view (expressed by Wolfgang Schaeuble) stating that easy monetary policy “risks serious side effects”. Core indices closed higher on the day (Nikkei +0.3% and Shanghai +1%) but […]
Shanghai was the talk between many dealers again this morning after we saw heavy morning selling accompanied by afternoon selling, which resulted in a 6.4% decline in the index. Financials were one of the leaders as the FX yuan mid-point rate was set lower at 6.5273 to the dollar on Tuesday and on Thursday at 6.5318. […]
When we left the Asian and European session you could not give equities away, and this evening everything has seen an about change! No, for us this is confidence and the devil you know pitted against the devil you do not. The USD has been the key achiever across all time zones and although it may be […]
Asian stocks returned some of yesterdays gains as nerves and another turn in the oil price weighs on sentiment. Renimbi was fixed at its lowest level since early January in covered by a hefty cash injection. Stan Charter shares were down 3% after releasing weak earnings. All core markets drifted to close around the 1% […]
After a slightly nervous start to the Asian trading day all core equity markets made solid gains of between 1 and 2%. A slight comfort was assumed in China after PBOC Governor Zhou claimed the renimbi is balanced but then made ground on the news that the head of the regulatory body was changing. The […]
Shanghai was following the heard (+1.5%) until the last few hours of trading when the index fell to close small down (-0.2%). Both the Nikkei and Hang Seng built on yesterdays gains despite (Japanese) economic data failing to live up to expectations (exports fell 12.9% against a market consensus of -11.3%). Worth noting also is […]
This time is was Shanghai that bucked the trend after ending the day up +1.1% whilst the Nikkei and Hang Seng closed 1% lower. All core indices moved in a 3%+ range, which is only to be expected these days. Late in the US trading day, we are seeing Asian futures following the strong pattern of […]
