A disappointing end of the week for core Asian equity markets. The Nikkei opened firmer but by mid-morning had started to crumble as profit-taking and a firmer JPY weighed on prices. We eventually closed the day down 1.4% with Hang Seng not far behind (-1%. The Shanghai index tried desperately to hold on to gains […]
With the US markets having provided the momentum for the opening it was not surprising that Asian equity markets opened with a reluctant bid. Earlier in the day we had heard from the IEA regarding oil supplies and although this was still a discussion point in Tokyo it needed additional enthuses to lift markets higher. This was eventually found in the JPY […]
A positive opening for the Nikkei, trading up +1% at the opening bell but sadly could not hold onto the gains and we eventually closed little changed on the day. The Hang Seng was the poor performer closing down almost 1% whilst Shanghai was a touch better. Asia really had little top topics but we […]
It was a solid day all around the globe which was a little surprising given most markets backed away from yesterday’s gains late in the day. China’s data was marginal given what had been expected, but the positive momentum, strong oil, and a reviving commodity sector made everything feels sunny again. The Nikkei has recovered […]
China’s trade balance (released overnight) was not great (Est. $40bn but the actual release was $45.56bn and exports contracted 1.8% in April) and had a negative effect on equities from the open. The Nikkei and Hang Seng were heavily influenced by oil’s rally given the very sad news of the Alberta fire incident. Japan and […]
A relatively quiet night in Asia with China PMI (51.8%) marginally under the April 52.2% reading. Although this had a short-term influence just ahead of lunch but it really did not alter the bounce and we closed the session marginally better. Hang Seng however, was lower on the day closing down 0.37%, which actually was not a bad […]
With Japan still closed the enthuses continues to concentrate on the US Dollars turnaround! The Australian ASX closed down 1.6% as BHP lost 6.5% on rumors of a large civil lawsuit in Brazil. Mainland China closed almost unchanged on the day whilst the Hang Seng lost 0.7% and these a direct result of a dollar […]
A morning where PMI’s (Purchasing Managers Index) continue to rule the markets. China’s reaction was somewhat muted after mainland index rallied to close with a strong 1.85% performance but that was countered by the Hang Seng dropping 1.8%. The RBA surprised the markets with a 25bp cut in rates to take key rates back to 1.75%. […]
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 […]
