A strong session from Asia to open the week with Hang Seng and Shanghai both higher by 1%. Having seen a brief wobble at the start of trading, the move was quickly rejected and we traded from strength to strength. Energy, Tech and Financials were the leaders for the day with volumes actually increasing slightly […]
Asia started where the US markets off and confidence ahead of payrolls Friday, a government shut-down averted and hopes riding high for a BREXIT deal – which ran on the back of Sterling’s strength. For the Nikkei it felt important that we saw a 1.5% rally today taking us back to returning a roughly flat […]
A refreshing bounce for both the Hang Seng and the Nikkei were most welcome despite the continued low volume. Admittedly, the HSI only saw a small improvement but the Japanese index recovered 1.5%. Financials helped todays bounce with technology managing to hold yesterdays declines. There is still an air of optimism coming from global events […]
We saw another weak day for Asia with two key exchanges losing over 2%. The Japanese Nikkei and Hong Kong’s Hang Seng both lost ground as technology, financials and energy companies continue to give back the years gains. Confidence was already waning but was not helped after Australian growth missed expectation which […]
The final hours of the US trading session was a major concern for Asian trading this morning, which probably was not helped when the RBA (Reserve Bank Australia) left rates unchanged. This move certainly helped a bounce for the A$ but didn’t help stocks with the ASX closing down around -0.25%. The Hang Seng traded […]
Asian markets were unsure how to respond to the weekend news of the US tax move. Whilst it was assumed the move was positive news for US futures markets, it is not necessarily good news for its competitors. The realisation that cash is now being beckoned by US markets, others realise they will be […]
Although Asian indices opened well on the back of a strong US session, they unfortunately could not hold the levels. Part of the reasoning was the tax Bill would be delayed and having seen the DOW blast through the psychological 24k level many were concerned this delay could threaten Thursday gains. The Nikkei was up […]
The tech sector took the label of responsibility overnight in Asia for the reason given for most declines. The Hang Seng suffered the most falling near 1.5% following Wednesday price action in the NASDAQ. Even Shanghai lost 0.6% which was a surprise given the promising PMI print (51.8% against a consensus of 51.4%). Energy and […]
Asia performed well overnight following on from a strong US session. The Nikkei opened strong and remained well bid into the close. The Yen fell towards the high 111’s a loss of around +0.3% on the day. The North Korean missile test with it apparently falling into Japanese waters, was quickly ignored even given the […]
Asia responded to an uncertain US session with its own uncertainty! The Nikkei was almost unchanged despite the move back into the Yen. The currency traded back toward the 111 level but stopped shy by only a few Sen. The Hang Seng alos closed almost unchanged but we saw a small positive move back for […]
