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, […]
It was China’s market that took the hit today with both mainland Shanghai and the Hang Seng declining over 1%. It was tech that lead sentiment lower again today following rumours of US probing Huawei Technologies and that spread to the sector. These concerns appeared to be confined to China, although the financials and property […]
When you consider the DOW was off 550 points you would have expected significantly more weakness in Asia, but that was not to be! With 15mins trading time to go we saw the DOW bounce 10 points a minute to close off 400 and that almost gives you the kind of liquidity the markets are […]
Asia opened better and saw some impressive gains from the core. The Nikkei had a solid day with a near 1% gain whilst the Yen remains soft flirting with the 109 handle. Exporters and industrials led many o the advances with some banks also lending a hand. Shanghai gained an impressive 2% in todays market, […]
Asia tried to be positive today, but soon after the opening bell we were back in the red again with early volume increasing. However, with the exception of Nikkei, HSI and Shanghai this was the case. Early jitters were rejected for the SENSEX in India as support for IT, banks and auto’s helped values. The […]
The uncertainty seen in US markets was reflected here in Asia overnight with all indices closing weak. Yesterdays gains were soon retraced even despite the attempted mid-morning recovery. The tech sector weighed on most indices, but financials, energy, manufacturing and real estate all added to the declines. Both the Hang Seng and Shanghai finished […]
A solid day for Asia with the broad based rally carrying all markets higher. Confidence gained from strong earnings, better data than US markets had expected and energy prices rallying over 3% all helped to produce a positive day. The Nikkei gave-up the mornings highs and drifted in afternoon trade but still gained +0.15% for […]
Wall Streets euphoria spilled-over into Asia with many markets making gains. The one outsider today was the SENSEX which closed marginally lower -0.2%, breaking its recent winning streak. We continue to see the INR trade weaker against the dollar and now is heading for levels not seen since late September 2017. The majority of the […]
