A similar trading pattern was seen in both the Shanghai and the Nikkei overnight opening at the days lows and positive correction for the balance of the day. The headline that regulators would encourage share buy-backs and promote M+A activity helped restore some much needed confidence to the market. Core China rallied just over 1% […]
Much of the early Asian talk surrounded fears we would see a continuation of last weeks weakness, but from external rather than internally led . Despite the fact that Chinese indices are off 25% YTD, the weakness seen in Europe and the US is still impacting an already weak Chinese market. The late news of […]
Initial early gains were lost as the lack of momentum continues to weigh on sentiment. Markets are getting used to large intraday price swings and the consequence is the lack of conviction and follow-through. Core China markets have suffered more than most this year, but the 8% decline in the Shanghai in October alone just […]
Asia woke to the 600 point drop in the DOW and knew it was going to be tough going from the opening bell. The Nikkei probably took the brunt of the punishment falling almost 4%, but what was interesting was that the Yen failed to see the safe-haven bid. The Nikkei is now down over […]
A lack of direction resulted in a mixed session for Asia today. Probably a sigh of relief for many market participants, as they are still attempting to explain the past few days events! Although, we are seeing volatile stock markets, it is worth keeping an eye on the currency movements. Again today we see the […]
The weak US session did not help retain Asia’s confidence overnight and we see the result of nerves returning. Yesterday’s performers were todays victims, with most losses being centred round the Nikkei, Shanghai and the Hang Seng. The interesting thing for Japan is that although we saw a 2.65% decline in the Nikkei and we […]
Asia was a buzz this morning having heard verbal intervention in support of further stimulus and possible future tax cuts. This took the core indices from lower to over 5% higher at one stage. The turnaround in China has fuelled confidence around the world helped by positive Italian news and a sway of M+A activity. […]
Another negative open today but fortunately was not to last! Although China’s GDP released lower than expected weekend book squaring and absolute levels helped revive values by the close, also helped by a little “authoritative” speech play . Growth came in at 6.5% YOY which was missed the 6.6% markets were looking for, but the […]
A weak session for much of core Asia, with almost all markets falling from the opening. Sadly, it is China that leads the way adown again. Many are speculating that it is relation to the FED Minutes and their continued appetite to raise rates which pressures all currencies favouring the USD. The Shanghai index traded […]
We opened the day with Asia playing catch-up. All core markets opened firmer, but then the decline returned and we questioned if markets would even close up! Shanghai was a classic example of that today having opened strong. However, with an hour of trading was down around 2%, but then a last time buying spree […]
