Showing posts with label asian stock market update. Show all posts
Showing posts with label asian stock market update. Show all posts
Asian Market Update
Asian markets mostly retreated on Friday as investors took their cash off the table after the previous day's rally that was fuelled by the Federal Reserve's dovish interest rate outlook.
The dollar was slightly lower against the euro and yen, but analysts said they expect the currency to resume its advance as the Fed prepares for a rate hike while the Japanese and European central banks print more cash.
Providing support to the euro on Friday was news that Greece has agreed to give creditors a new list of reforms within days in order to secure bailout funds.
Tokyo dipped 0.17 per cent, Hong Kong lost 0.21 per cent and Seoul gave back 0.21 per cent, while Sydney was flat but Shanghai gained 0.17 per cent.
Asian Market Update
Asian markets mostly rose Friday following a surge on Wall Street after unexpectedly weak US data tempered talk of an interest rate hike by summer.
Despite the easing rate expectations, the dollar maintained its strength against the yen and euro after retreating slightly from multi-year highs Thursday.
Tokyo jumped 1.08 per cent, Hong Kong added 0.11 per cent, Seoul gained 0.88 per cent and Shanghai put on 0.30 per cent but Sydney eased 0.62 per cent.
Asian Market Update
Hong Kong and Shanghai markets led a broad Asian sell-off on Thursday after China set tepid 2015 economic and trade growth targets, while the euro struggled to recover from 11-year lows ahead of a key European Central Bank meeting.
Wall Street provided a negative lead again despite an upbeat report on the state of the US economy and another round of healthy private-sector jobs growth.
Hong Kong fell 0.78 per cent and Shanghai lost 0.56 per cent, while Sydney slipped 0.26 per cent.
Asian Market Update
Asia markets mostly fell Wednesday following a retreat on Wall Street fuelled by profit-taking, with Tokyo hit by a stronger yen and Sydney dipping after data showed Australia's economy grew slower than expected last year.
With few trading cues investors are keeping a watch on the start of China's annual parliament meeting Thursday as well as European Central Bank details on its new bond-purchase scheme.
Tokyo slid 1.01 per cent, Sydney shed 0.56 per cent, Hong Kong lost 0.24 per cent and Seoul eased 0.13 per cent. Shanghai, which tumbled 2.20 per cent Tuesday, edged up 0.21 per cent.
Asian Market Update
Asian equities stuttered in early trade on Tuesday after healthy gains in the previous session attracted profit-takers, offsetting a strong lead from Wall Street.
Shanghai lost 1.03 per cent after rallying Monday in response to the Chinese central bank's weekend interest rate cut, while Hong Kong pared an initial advance to sit marginally lower.
Tokyo eased 0.21 per cent and Seoul was flat, while Sydney edged up 0.12 per cent ahead of a closely watched interest rate decision by Australia's central bank later in the day.
Asian Market Update
Friday 27 February 2015
Asian markets were largely flat in morning trade Friday after the dollar firmed on US inflation data, while disappointing Japanese figures challenged Tokyo's war on falling prices.
Japanese inflation slowed for a sixth straight month in January - dampened by weak consumer spending and falling energy prices - its lowest level since Tokyo launched an offensive on falling prices and tepid growth nearly two years ago.
Tokyo ticked up 0.07 per cent, Hong Kong added 0.54 per cent and Shanghai edged down 0.08 percent. Seoul slipped 0.12 per cent while Sydney was up 0.37 per cent and Wellington added 0.08 per cent. Markets in Taiwan were closed for a public holiday.
Asian Market Update
Asian stocks broadly rose Wednesday after US Federal Reserve chief Janet Yellen damped speculation of a rate hike before summer, and as eurozone finance ministers backed Greek reforms critical to avoiding a disastrous default.
The regional uptrend tracked fresh record highs on Wall Street and in Europe as investors breathed a cautious sigh of relief over the Greek package, which gives Athens a lifeline to pay its bills - for now - and sidestep an almost certain exit from the eurozone.
"The two potential international risk events for markets had positive outcomes," said Ric Spooner, chief market analyst at CMC Markets in Sydney.
"Janet Yellen's testimony moved expectations for a rate hike out in time while the boxes were ticked to cement a four-month funding programme for Greece." Tokyo edged up 0.14 per cent at the open, Sydney rose 0.28 per cent, Seoul jumped 0.74 per cent, while Wellington rallied 1.46 per cent.
Asian Market Update
Asian stocks were mixed Tuesday as investors awaited proposed Greek reforms that are critical to winning an extension on its bailout, while US Federal Reserve Chair Janet Yellen's Congressional testimony was also in focus.
Tokyo's Nikkei index ticked up 0.13 per cent, Sydney edged 0.08 per cent higher, Seoul rose 0.51 per cent, while Wellington fell 0.56 per cent.
Hong Kong was down 0.51 per cent in morning deals while Taipei jumped 1.05 per cent in post-holiday trade.
Market Closing Update
Monday 23 February 2015
MALAYSIA share prices closed higher on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 1.52 points to 1,809.39.
Volume was 2.47 billion lots worth RM1.84 billion.
Gainers outnumbered losers 428 to 382.
Asian Market Update
Asian stocks were mostly higher on Monday morning as investors cheered a last-minute deal to extend Greece's bailout by four months, giving Athens a lifeline to pay its bills and avoid a damaging default.
Tokyo led the charge with the benchmark Nikkei extending a 15-year high as it rose 0.81 per cent by the break, while Sydney was up 0.52 per cent, Wellington added 0.11 per cent, and Seoul climbed 0.41 per cent. Hong Kong fell 0.53 per cent.
Exchanges in Taiwan and mainland China are closed for the Lunar New Year holiday.
Asian shares picked up on a strong lead from Wall Street which bolted to fresh records Friday after the eurozone conditionally gave Greece the four-month debt bailout extension, easing worries over its future in the eurozone.
Asian Market Update
Friday 20 February 2015
FINANCIAL markets in China, Hong Kong, Taiwan, Singapore, Malaysia, Indonesia and South Korea are closed on Friday for a public holiday.
Subscribe to:
Posts (Atom)