A quiet start to the week in Asia, but the effects of China’s FX move are Friday is still being felt on core equity markets. The overhang of PBOC’s structural intervention in the off-shore FX markets continued today with the Yuan appreciating even more. The Shanghai exchange almost balanced this move with another decline today […]
After witnessing the strength the US markets demonstrated, Asia opened on a positive note but couldn’t hold it. Interesting that although the opening appeared strong, for the balance of the day prices were hit across the region affecting both core and peripheral markets. The Shanghai and hang Seng both found it difficult making any headway, […]
The optimistic rally seen earlier in the week over possible US / China Trade agreement, was soon to face the cold light of day and todays price action reflects just that. Both Shanghai and Hang Seng demonstrated this today as both fell over 2% and closed on the days lows. The Nikkei has also seen […]
The China/US Trade Talks headline obviously spooked both Shanghai and the Hang Seng indices and we saw nervous selling of stock. Shanghai was hit most closing down -1.8% after having seen a positive opening move. However, the tariffs hit today and even though they plan to talk the impact on sentiment is immediate. Prices traded […]
It was almost as though the longer they waited, the more complacent the markets were about the BOJ and the curve! The fears after last weeks rumours, were that the BOJ would start to step away from its rigorous JGB operation. However, after today announcement and comments, JGB 10yrs fell 4bp back to 0.06%. That […]
A very busy week ahead with month end numbers, central banks, inflation data and US employment report. That said, volumes are still extremely low and large orders are few and far between but tend to move markets none-the-less. The weaker tone was probably the residue from US tech markets, despite the late bounce seen for […]
A mixed session at best, but probably not surprising for a summer Friday and just ahead of US GDP data release. Australian ASX was the best core performer gaining +0.9%, helped by the announcement that BHP was liquidating USD assets to BP. Shanghai and Hang Seng closed in opposite directions and again, not too far […]
A mixed opening seen in Asia this morning which eventually turned into a down day given the lack of volume and positivity. Even though the US sent a confident tone, the after hours trading in Facebook unnerved many tech stocks. Facebook traded nearly 20% lower in futures terms after the Q2 revenue miss. It was […]
The late recovery in the DOW certainly offered a vote of confidence into Asia which benefited core Nikkei (+0.5%) and Hang Seng (+0.9%). Shanghai played plus and minus all day only to close almost unchanged as the Yuan saw a small recovery after recent declines. We saw a similar story in India where the SENSEX […]
It was business as usual in most Asian markets today, with the Yuan declining followed by a rallying stock market. The Yuan hit it lowest level (6.8255) in over a year today, as market fears the support has been side-lined. The Shanghai index continued its firm run gaining an additional 1.6% today with constant support […]
