The rumoured report of US weighing possibilities of easing tariffs certainly helped Asian markets to open on a positive note. The Hang Seng and Shanghai markets made steady progress as the day wore-on. The rally was well rounded with all sectors adding to the gains. Given the recent domestic support for China, it was the […]
Main talking topic in Asia today was in the Chinese market after Premier Keqiang’s warning of a difficult year ahead. Offering commitments of additional public services and infrastructure, along with various public spending support, the market initially responded well. Trading from negative territory, both the Hang Seng and Shanghai indices climbed back to trade around […]
It appeared the rally seen in US stocks was insufficient to impress Asia with core markets closing mixed. Japan’s Nikkei returned some of yesterdays gains falling -0.55% with the Yen also trading a little heavy this evening, now with a 109 handle. It was a less than decisive day for Nikkei opening almost where it […]
The theme coming from US markets yesterday was a confident day as prices were lifted for much of it. Japan’s Nikkei also saw healthy demand after a lower open and that comes after yesterdays national holiday. Mostly, the gains were accredited to measurers announced in China of tax cuts and possibly extended weekends, in order […]
A weak start to the week for Asia probably reflecting China’s poor trade data. This mornings data was the lowest in two years and raises concerns of an accelerating global slowdown. The data also posts a 17% increase with the USA, but also worth mentioning is that imports are over 15% lower from Germany too. […]
Last minute positivity in the US was released into Asia and we saw all core markets open higher. The Nikkei gained 1% on the day, even with poor economic data. The Economy watchers Index (Household Spending) released at 48% compared to the 50.5% expected. Previously, this number was recorded at 51, so was already written […]
Today was one of those days that had the potential to see lots, yet decided to leave it for another day. In China we saw a lower than expected print for the inflation data (1.9% against expectations of 2.1%), resulting in a nonchalant equity performance. The Shanghai closed at the days lows, but still just […]
More positivity in Asia today as hopes build following US/China trade talks entre their third day. Today, it was the turn of the Hang Seng to lead the pack with a impressive +2.27%, while Shanghai returned +0.7%. Tech shares helped the HSI rally today, but also talk of policy support pushed sentiment. We did see […]
As the market waits for any headline materialising from the US/China trade talks, most Asian equity indices tread water. We did hear positive rhetoric from US Commerce Secretary Wilbur Ross that an agreement could be reached, but despite supporting market momentum more would be required. Tech and utilities have been leading much of the advances, […]
Asia was just playing catch-up this morning from Fridays after hours news. The US/China meeting finally started today, but news is yet to be heard of any breakthrough. Japans Nikkei was the star attraction closing up nearly 2.5%, but see a rather dull day after the opening strength saw narrow trading for the rest of […]
