The choppy conditions spread across all three sectors today with volatility from Australia to America. The only common theme today appeared to be volatility, resulting in the rejection of both large gains and losses! The ASX recovered from a very weak open, whilst the Shanghai index lost all gains to close down on the day. […]
With the exception of the SENSEX, all of core Asia opened in negative territory over concerns surrounding the US/China dispute. Although major US indices had lost over 3% intraday they did show remarkable resilience by the close gaining over 1% in the final 45 minutes of trading. It was this that provided the much needed […]
Many expected a quiet session for markets today given the Easter holidays, but the reaction to US/China trade tensions over the weekend has ruffled a few US Traders! Having seen the Q1 closing rally last week, we are back to pressure and the tech sector taking the hit yet again. The major contributors to the […]
The end of the week, month and quarter for many so this weekend numbers will be very closely watched. the Nikkei recovered 0.6% but the currency probably found more conversation than stocks after it traded back to a 107 handle before climbing again in US trading hours. The encouraging news of talks between China and […]
The last couple of hours in US markets heavily influenced Asia’s opening despite signs of DOW futures stability. Technology was hit hardest and continues to lead much of the move around the globe. Shanghai was off around 1% at the open but then attempted a positive print. However, that was eventually rejected and closed […]
Unsurprisingly, the US mood swept into Asia assisting those markets that failed to react Monday. The Nikkei led the gains adding +2.65% onto yesterdays +0.7%. The Yen lost more of the fear rally bid, and we see it currently trading high 105’s with a big figure change looming yet again. As more constructive headlines […]
Asia opened weak but the trend change came not long after the opening for many markets. The screens and pages over the weekend were predictably full of the talk of possible US-China trade wars with everyone predicting the worst. News that South Korea may avoid steel tariffs rescued many markets and probably led by the […]
If you were in any doubt what Asia thinks about the possibility of a trade war, you saw the answer today. All major indices lower with losses between 2% and Japan’s Nikkei -4.5%. The Yen saw the flight to quality and even this evening is trading with a 104 handle. Market looks to have […]
Having seen the US markets actions to the FED hike, we had a rather dull response in Asia which resulted in a mixed session. Tech and Real Estate pushed the Hang Seng down just over 1% through on-going data concerns, then also worries over increased funding costs. The Shanghai also fell -0.5% when the […]
Core indices drifted lower today and possibly from the headline that the Central Bank continues to take steps towards opening its markets. Todays announcement that the domestic market will be open to foreign third party payment firms is another move towards internationalisation. Shanghai and Hang Seng closed with only small losses (-0.3% and -0.4% respectively), […]
