Pages

Asian Market Update

Monday, 9 February 2015



Most Asian markets slipped Monday after another batch of poor Chinese data added to fears about the Asian economic giant, while a strong US jobs report fuelled expectations the Federal Reserve will bring forward an interest rate hike.

Oil prices advanced after last week enjoying their best weekly gains in four years, while traders are watching events in Europe as Greece's new anti-austerity government prepares to meet its creditors.

Tokyo edged up 0.19 per cent by the break as the yen softened against the dollar in reaction to the US jobs data. But Hong Kong eased 0.61 per cent, Shanghai lost 0.40 per cent and Seoul shed 0.39 per cent. Sydney, which jumped more than 10 per cent during a 12-day winning streak, dipped 0.44 per cent.


No comments:

Post a Comment