Asian Markets Update by Epic Research

[epicresearchindore]

Asian stock markets rose on Monday as a positive handover from Wall Street offset disappointing Chinese factory activity data.

China’s Shanghai Composite jumped 0.25 percent or 5.60 points at 2,222.80. Hong Kong’s Hang Seng added 0.47 percent or 116.34 points at 24,858.40.

Japan’s Nikkei rose 0.28 percent or 43.19 points at 15,467.78. Taiwan’s Taiwan Weighted surged 1.37 percent or 126.72 points at 9,380.10.

Singapore’s Straits Times was flat at 3,325.93. South Korea’s Seoul Composite was flat at 2,068.11

 

[epicresearchindore]

Asian markets were trading mixed on Tuesday. Nikkei added 1.2 percent, while Seoul Composite shed 0.6 percent.
Hong Kong's Hang Seng fell 0.40 percent or 98.16 points at 24,653.93. Japan's Nikkei added 1.17 percent or 181.03 points at 15,657.63.
Singapore's Straits Times was flat at 3,315.58. China's Shanghai Composite was flat at 2,237.53.
South Korea's Seoul Composite shed 0.59 percent or 12.28 points at 2,055.58. Taiwan's Taiwan Weighted fell 0.91 percent or 86.35 points at 9,426.71.

 

[epicresearchindore]

Asian equities rose on Wednesday with Japan leading gains as investors cheered stronger-than-expected economic data from Australia and China. Australia's gross domestic product for the April-June period rose 0.5 percent on quarter, above expectations but slower than the first quarter's rise. Meanwhile, a survey from HSBC showed China's services sector expanding at its strongest pace in 17 months in August. The US dollar index jumped to an over one-year high in Asian trade following robust US economic data overnight. The pace of manufacturing growth soared to a three-year high in August while July construction spending was at its highest in over five years. China's Shanghai Composite rose 0.59 percent or 13.33 points at 2,279.38. Hong Kong's Hang Seng gained 0.92 percent or 226.75 points at 24,975.77. Japan's Nikkei added 0.76 percent or 119.43 points at 15,788.03. Singapore's Straits Times was up 0.25 percent or 8.41 points at 3,336.71. South Korea's Seoul Composite was flat at 2,049.84. Taiwan's Taiwan Weighted rose 0.44 percent or 41.65 points at 9,441.37.

 

[epicresearchindore]

Trading in Asia was cautious on Thursday as investors awaited central bank decisions in Japan and Europe.

China%u2019s Shanghai Composite was flat at 2,290.17. Hong Kong%u2019s Hang Seng was down 0.17 percent or 43.99 points at 25,273.96.

Japan%u2019s Nikkei was flat at 15,715.10. Singapore%u2019s Straits Times was down 0.19 percent or 6.47 points at 3,342.30.

South Korea%u2019s Seoul Composite added 0.30 percent or 6.11 points at 2,057.31. Taiwan%u2019s Taiwan Weighted shed 0.30 percent or 28.30 points at 9,422.05.

 

[epicresearchindore]

Asian stocks were mixed on Friday following the European Central Bank%u2019s surprise rate cut overnight and amid caution ahead of a key US jobs report.

Hong Kong%u2019s Hang Seng fell 47.42 points or 0.19 percent to 25,250.50 while China%u2019s Shanghai Composite was up 7.07 points or 0.31 percent at 2,313.93, at 07:55 hours IST.

Japan%u2019s Nikkei 225 Average advanced 31.43 points or 0.20 percent to 15,707.61 whereas Singapore%u2019s Straits Times declined 19 points or 0.57 percent to 3,327.34.

South Korea%u2019s Seoul Composite was down 8.21 points or 0.40 percent to 2,048.05 and Taiwan Weighted lost 31.66 points or 0.34 percent to 9,397.23.