The energy price rally was again the reason given for positive equity markets around the world and Asia benefited also. The Hang Seng (+0.9%) performed the best, but only just edging out the +0.8% rally seen in the KOPSI index. Retail tech and financials helped the run, whilst currency movements also play their part. The […]
Asian markets were in two minds whether to follow energy prices or industrial metals after the news from Washington yesterday. The Nikkei (-0.4%) interpreted it as negative and hit stocks from the opening bell, but did not really go anywhere from then onward. The JPY has resumed its downward trend and is this evening flirting […]
Although we await US President Trump’s Iran Nuclear address later this afternoon, Asian markets still closed better bid across the boards. Most of this was associated to the regional currency declines, but we did see some markets that performed. In Hong Kong the Hang Seng opened over 1% higher and continued to make progress for […]
Shanghai was the star performer today, gaining 1.5% as moves to open the domestic market continues to progress. New rules that will allow overseas listed companies to list domestically is a strong signal that China is open (and encouraged) for business. News that the regulator is to issue draft rules surrounding the issuance of CDR’s […]
Pretty much a waiting game for both Asia and Europe ahead of the non-farm payrolls report. The US – China trade talks were on everyone’s mind, but statements and comments were few and far between and so we closed Asia weaker more on concerns of what an assumed conclusion. The Hang Seng lost 1.3 as […]
Obviously the focus of attention was always going to be on the US/China trade talks and so most of Asia closed mixed. Japan is still on holidays and not expected to reopen until Monday. Fears were certainly evident in Hong Kong, where the Hang Seng lost 1.3% today with losses from Energy, property, trade and […]
The Nikkei traded nervously today ahead of the FED and US NFP’s, but knowing it is closed the rest of the week (Golden Week holidays). Some of the exporters did manage to edge ahead but gains were very limited. The overall trend appeared heavy all be it lethargic, but we are watching the Yen trade […]
More national holidays today (India, China, Hong Kong, Singapore) which makes volume trades more difficult or even held until volume returns. The Nikkei climbed from a weak morning session to make just a modest (+0.2%) return. It is Golden Week in Japan and so will be closed Thursday and Friday also. The Yen, although light […]
On the final day in April, we have seen shares rally across the board and not just in Asia. Two major markets were closed today for national holidays and so volumes are traditionally quiet on these occasions. However, we saw a stunning +1.74% return for the Hang Seng as a broad based rally consumed much […]
A steady day all-round today for Asia following Thursday healthy US session. The Hang Seng bounced back the 1% that it lost yesterday, although still has a little work to do. The Tech and Energy sectors have eventually found buyers and encouragingly they finished with a strong bid. Shanghai added 0.23% led by healthcare but, […]
