The SENSEX was the star performer in Asia today against what looked like a sea of red boards. The SENSEX closed up over +0.5% on the day completing its sixth positive close in a row. Optimism buoyed the market ahead of industrial production and inflation data releases. Solid earnings optimism is supporting prices with good […]
The US did lose around a third of its gains in the final hour of trading Tuesday, but it still closed strong. It was that confidence that carried some of the markets in Asia forward but there were some that were not convinced. The Australian ASX, SENSEX and Nikkei looked hesitant and took time to […]
Todays comments from China president, Xi Jinping that China was willing to open its markets, soon lent equities a helping hand. From a lower core opening, it was not long before all started to move from strength to strength. Shanghai and the Hang Seng reacted most to the speech and saw returns of around 1.75% […]
A very encouraging start to the week especially given the declines seen in the US late on Friday. Many were concerned Asia would continue the US wobble, which were the preliminary moves for Shanghai, Nikkei and ASX. However, after the initial moves were rejected most moved to recover early losses. The Hang Seng was the […]
We saw a mixed session in Asia as market again reflect headline after headline. The Chinese markets played catch-up, after their national holiday yesterday and that resulted in a 1.1% rally for the Hang Seng much of which were financials performing. The Yen remains weak even after poor US employment numbers. Net-net was a dull […]
We saw a mixed session in Asia as market again reflect headline after headline. The Chinese markets played catch-up, after their national holiday yesterday and that resulted in a 1.1% rally for the Hang Seng much of which were financials performing. The Yen remains weak even after poor US employment numbers. Net-net was a dull […]
It was a close race between the Nikkei and the SENSEX for today’s outperformer in core Asia but the winner was eventually India. The SENSEX rallied 1.75%, with all sectors adding to the sentiment, but it was the currency appreciating that really added the value. However, we are still under the key resistance level of […]
The choppy conditions spread across all three sectors today with volatility from Australia to America. The only common theme today appeared to be volatility, resulting in the rejection of both large gains and losses! The ASX recovered from a very weak open, whilst the Shanghai index lost all gains to close down on the day. […]
With the exception of the SENSEX, all of core Asia opened in negative territory over concerns surrounding the US/China dispute. Although major US indices had lost over 3% intraday they did show remarkable resilience by the close gaining over 1% in the final 45 minutes of trading. It was this that provided the much needed […]
Many expected a quiet session for markets today given the Easter holidays, but the reaction to US/China trade tensions over the weekend has ruffled a few US Traders! Having seen the Q1 closing rally last week, we are back to pressure and the tech sector taking the hit yet again. The major contributors to the […]
