Shanghai remains closed but the Hang Seng reopened after its public holidays to a negative mood. The trend remained the same for the day, as bid after bid was hit to close down 2.38% on the day. The news that US Defence Secretary James Mattis proposed visit to China had been cancelled, escalated the rumours […]
The refreshing news that the US and Canada had reached an agreement, that would replace NAFTA, encouraged markets across the world today. Starting in Asia the Nikkei managed to add +0.5% even as Confidence (a Bank of Japan statistic) declined yet again. However, the Nikkei rally was at the expense of the Yen, which late […]
The Nikkei led the pack for Asia rallying 1.6% before a setback at the close. However, given the slight dip it still managed a 1.36% return raising the index to its highest since January. Ypu would have to go back to 1991 to see the Nikkei at these levels, but obviously it is and probably […]
The FED did not set the pace for Asian trading, Fed Chairman Jerome Powell did in the Q+A afterwards. The comment that all are referring to today was the FED’s inflation outlook. Guess you really have to ask the question, ‘Have they ever got it right’? The set-up for Asia was not great, with confidence […]
A better and more constructive day all around for Asian equities as most markets reopened (S. Korea still off) for business. With both the Shanghai and Hang Seng opening firmer, a steady trend developed to return 1% for both indices. Remarks overnight from US President Donald Trump failed to assist US trading or external commitment, […]
The Asian start seemed confused when opening lower, but it was not long before buyers stepped-in. In holiday subdued trading (Hong Kong and South Korea are closed) the Shanghai index traded heavy for much of the day. It was really only the Nikkei that found the strength to bounce and that probably on the back […]
The uncertainty continues for China/US trade talks, but this time because China cancelled the talks. It didn’t help sentiment that some core markets (China and Japan) were closed for public holidays which always hits trading volumes. The Hang Seng opened weaker and just appeared to flat-line for the balance of the day, closing down around […]
A solid day for Asia following record highs for the DOW and S+P. The Shanghai wasn’t too sure at the opening, but then mid-morning managed to find a bid and accelerated into the weekend. This acceleration did not stop until it recorded 2.5% rally for the day. Talks are that both China and the US […]
A somewhat unconvincing day for Asia with no market really standing out from the crowd. Even with Trade Talks hitting all of the papers, the markets look to be dismissing much of the hype. Yesterday was a good example of an optimistic bounce, but the trend remains firmly lower as capital leaves the recent speculation […]
A strong performance from most Asian markets following the US run. Rather the news than the rumour as many people feared. Both the Shanghai and Hang Seng opened unchanged but from that point on, both made steady progress throughout the day. A strong close for both (+1.2%) after the retaliatory response, but does only appear […]
