An uneasy session in the US Thursday, following poor mainline stores data which led a mixed day for Asian markets. We saw losses for the Nikkei, ASX and SENSEX and gains for the Hang Seng, NZ and Shanghai. Volumes were light all around but that does not seem to be much of an anomaly these […]
A positive day across the board for Asian equity indices with KOSPI setting the pace (+1.16%) creating new records as it goes and with the ASX just managing a small +0.5% profit. The Nikkei continued its run (+0.3%) but remains under the psychological 20k mark, even as the Yen traded with a 114 handle. The […]
Asian markets were unsure in what to do when the news of Comey’s dismissal arrived over the tapes and will probably be debating that again in Thursdays trading. Core markets closed mixed today with a positive close for the Nikkei (+0.3%) accompanied by the Hang Seng (+0.5%) and the ASX (+0.6%), but saw a […]
Most of the talk in Asia surrounded the Hang Seng and the new highs seen since last summer. The index rallied over 1% in todays trading led by energy and petrochemical stocks as Shanghai rebounded after recent losses. As the deleveraging within the mainland continues the HSI rally has benefited. HSI has climbed nearly 13% […]
With Japan returning to the market place after the three day Golden Week holidays and the seeming calming settlement for Europe after the Macron win in France the Nikkei returned +2.3% in todays trading. Early Asian trading saw the Euro move into the 110 handle but could not hold gains even for the Asian close. All the talk […]
The continued decline in Metals, Energy and Commodities hit nerves and confidence today in Asian trading with Japan just finishing Golden Week (today was Children’s Day). Money has been leaving Asian markets all week but given their close ahead of the US NFP’s and French elections it is not really surprising. Oil traded down to […]
“The mood seemed anxious” – this was one comment we heard today as prices drifted in Asian light volume. The FED had already put a hawkish tone into the markets following their meeting but then commodity prices aren’t really helping matters either. The ASX has felt the weight of BHP and Rio price action recently […]
Another mixed session for Asia but with so much on the horizon it really should not be such a surprise. The Nikkei is closed and remains so for the balance of the week, Hong Kong and S. Korea are also closed for holidays. The Yen continued to play in the 112’s drifting to the 112.50 […]
Given the long weekend approaching in Japan, there was no let up for the yen weakness today as we broke into the 112’s finally. The Nikkei closed better bid as Exporters again rallied off the back of the declining currency. Many are speculating we breach the 20k again next week, but given so much is […]
After the US closed we saw yet more encouraging results from the likes of Alphabet (Google parent) and Amazon (+4% futures) which has boosted confidence into the Asian session. However, that run did not last long as comments from President Trump concerning North Korea certainly unnerved markets resulting in a mixed close for month end. […]
