Interesting that the Yen saw only minimal inbound traffic on Wednesday’s equity sell-off and today is still little changed with a stock rally! Admittedly, volumes are a shadow of what they used to be some years back, but just demonstrates how the game has changed. There is still plenty of money sitting on the […]
Asian markets opened lower with markets continuing the slide as the day progressed. The Nikkei took the trophy for being the weakest component with a daily loss of 1.6%. With declining energy and commodity prices coupled with poor economic data was enough to take the market lower and the immediate effect was a strengthening […]
All core markets finished lower in Asia today, with the possible exception of the Nikkei that closed almost unchanged. The Hang Seng closed small down but was Shanghai that lost -0.5% which after the data was actually not that bad! Today we saw Industrial Production, Retail Sales and Investment Spending and it was the talk […]
Asian cash responded to the US news of possible Tax Plan delays and we saw profit-taking and nerves for the first time in a while. Interesting that this has occurred on our November temporary pause expected. The Nikkei has returned -0.8% which has added to yesterdays decline but is falling from the 26 year high. […]
Finally we saw a little profit-taking in the Nikkei today, after having touched 26 year highs in earlier trade. The sell-off was not so much but felt more after spending the majority of the day in positive territory. The Yen moved stronger but that was later in the trading day after news of possible delays to 2019 […]
Although Asia closed with pretty much a mixed session, it really does not explain the mood or sentiment. Yes, the Nikkei closed lower on the day (-0.1%) but after opening lower and a brief dip thereafter, for the balance of the day the market was bid and closed just below unchanged. Major stocks driving the […]
The Nikkei (+1.75%) had the strongest session in Asia today, helped by the continued rally in oil (+3% on Monday) prices and strong earnings. The Nikkei reached new 26 year highs earlier on optimism of growth, mergers and fresh international investment. The index moved stronger from the opening, eventually closing at the highs of […]
Not that much to get excited about in Asian markets today, but with not much fresh news to go-on indices closed mixed. The Nikkei opened better after their long weekend but with other regional markets drifting weaker, the index did well just to close in the positive. Bank of Japan minutes released relatively smoothly with […]
We opened the first day of the month with a strong Asian session with indices up nearly 2%. In Japan, the Nikkei added 1.85% with a weaker Yen, associated energy stock comfort and helped by a huge earnings expectations from Sony (+11%). The Yen is now comfortably into the 114 handle and will now be talked […]
A slow but steady day in Asian equity markets, but happy in the knowledge that the BOJ left almost everything unchanged. The Nikkei closed almost unchanged but has set an impressive two month rally. At above 22k the index closes at a 21 year high, but after the weak opening it took all day to […]
