The Nikkei reached another 26yr high in early trading, but unfortunately closed down on the day. Ending the day down -0.4% even with the Yen trading lower also (111.20 last seen). Financials and real-estate led the market lower in the afternoon session. Worth a quick mention is that TOPIX lost -0.7% on the day having […]
Given yesterdays sudden reversal in US and the accompanying 20% decline in BITCOIN, Asian markets traded nervously as one would expect. Most core opened lower but that proved to be the days lows. The Hang Seng spent 95% of the day in negative territory but then in the final minutes managed a +0.25% positive […]
Asia started today’s broad stock market rally as from the opening bell all core moved from strength to strength. Both the Hang Seng and Shanghai adding +0.8% but the HSI doubled that and more with an impressive +1.8% daily return. HSI was the outlier yesterday recording a decline but with Banks and Finance stocks benefiting, today performance certainly […]
Todays Asian session really looked like a game of two halves! Initially we saw core outperform for both the Shanghai and Hang Seng, but by afternoon trading and into the close prices had drifted into negative territory. The Yuan appreciation probably has much to do with the move, but also coming off of […]
We saw a strong response in the Hang Seng index today, taking it to yet another short-term record level. Shanghai also closed positively (+0.2%), but not the +1% performance recorded in the HSI. China’s Trade numbers failed to meet the widely expected 13% releasing at 4.5% which is probably why Shanghai lagged. The Nikkei still […]
Currency tended to have more of an effect today in Asian trading, well certainly for Japan anyway! The Yen played between low and higher end of 111, edging lower into the close of the session as earnings failed to match expectation. Late in the US trading day, the Yen was flirting with a 110 handle […]
A mixed trend within Asian trading as the Nikkei, ASX and SENSEX whilst gains were registered in the Hang Seng and Shanghai. That said, volumes were light but the negative trend was supported by the positive move in the Japanese Yen. The currency traded back to the low 111’s as speculation that the BOJ removing […]
The Nikkei chased to record highs today following yesterdays national holiday. Closing at 26year high (+0.6% on the day) was an impressive performance made even more-so, by the fact the Yen strengthened. Trading around the mid 112’s looks comfortable this week but looks to be moving higher beginning February. Shanghai and Hong Kong were both […]
Having witnessed another strong US close on Friday, Asian markets again responded adding to the last week’s gains. The Hang Seng saw strong demand for the housing sector, which was probably the reason that early declines were reversed providing a +0.3% return for the day. Shanghai closed a little better (+0.5%) on the day, but […]
It has been a pretty impressive start to the New Year as we close firmer on all core markets and across all core regions. Asia followed US sentiment and added another 1% for the Nikkei, 0.75% for Australia and +0.25% for both Shanghai and Hang Seng. The KOPSI added 1.3% after news that North […]
