Another weak day across the board, starting in Asia and spreading west. There are ongoing concerns about emerging markets and the additional leverage being used almost everywhere. Much of this is being extended through the tech sector and that is what hurt the Hang Seng today. Closing down 1% it has also had a negative […]
The uncertainty continued from the US back into Asia this morning resulting in more Asian selling. Although core Chinese markets are light on volume, the concerns of sudden price discovery is the fear running through all emerging markets. We saw a flicker of this today when the Shanghai declined over 1.7%, but the Hang Seng […]
For much of the day, Asia was trading flat to a touch weaker. However, the core recovered into the close with renewed confidence that US and China would soon settle Trade uncertainties. Of course, these were only domestic rumours, but the news proved optimistic enough for an afternoon rally. Both Shanghai and the Hang Seng […]
Always a quiet day when a major market is closed and we saw that today. Asia traded weak all day as it responded to news that the US and Canada are yet to reach a trade agreement despite rumours they were close last week. Of course, markets hate uncertainty and this throws open the […]
Rumours that US President Donald Trump favours additional tariffs on China, has hit Asian stocks again, as we enter the long weekend liquidation. Weakness seems to be growing for emerging markets across the globe and that is having a knock-on effect on core markets. The Yen has blipped again, into a 110 handle, as the […]
Despite a positive opening in the Nikkei, that sadly was not to last and eventually finished unchanged on the day. Exporters were the initial driver of the strength on the back of a weaker Yen (high 111’s), however, a lack of any follow-through and lower peripheral markets, sentiment just drifted with the days volume. Shanghai […]
Similar to yesterdays session, many had expected a stronger Asian opening than we saw, following fresh historic highs, but sentiment failed to follow through. Even though core indices opened stronger, through the day they tended to decline through the lack of volume and commitment. The Hang Seng did perform better than Shanghai but by the […]
New fresh highs established in the US helped drive sentiment in todays Asian trading. However, this was not to last and most core indices tended to drift lower for the remainder of the day. The Shanghai index actually spent much of its day trading in negative territory. The PBOC also set mid point for the […]
The PBOC change in technical methodology for pricing Yuan was the reason for the stock rally in Asia this morning and also responding to Powell’s comments. It could be political, but the move does look to be underpinning the Yuan, for the moment, as we head towards the next round of Trade Talks. Slowing the […]
No conclusion, as the US/China trade talks finish, a new PM in Australia, unchanged +0.7% release for Japanese inflation and a rally in oil and gold as the USD turned. All this ahead of Jerome Powell’s Jackson Hole speech and still no volatility. This all goes to show that traditional summer months are difficult to […]
