Epic Asian Markets Update

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Asian markets were trading higher. China’s Shanghai Composite rose 0.42% or 9.23 points at 2,214.72.
Hong Kong’s Hang Seng advanced 1% or 226.48 points at 22,916.44.
Singapore’s Straits Times gained 0.32% or 10.94 points at 3,380.84.
South Korea’s Seoul Composite added 0.42% or 8.26 points at 1,973.97.
Taiwan’s Taiwan Weighted was up 0.48% or 39 points at 8,174.03.
Japan’s Nikkei is shut today.
 
Epic Asian Markets Update

Asian shares inched higher on Tuesday after the Standard & Poor%u2019s 500 Index closed at a record high overnight on renewed hopes for a steady US recovery, but weak global growth data kept investors wary of pushing prices sharply higher.

The US market%u2019s rally will help, but we probably will see caution holding back the market before key events this week including options expiry and interest rate decisions,%u201D said Lawrence Kim, a market analyst at Woori Investment & Securities, of Seoul shares. The Bank of Korea holds a policy meeting on Thursday.
 
Epic Asian Markets Update

Asian shares rose on Wednesday on another record high for US stocks and unexpectedly strong German industrial orders, as investors await the first batch of April data from China for the latest take on the region%u2019s powerhouse economy.

Japanese stocks were likely to be the region%u2019s outperformer, eyeing to test a fresh five-year high. The Nikkei stock average opened up 0.1 percent after soaring 3.6 percent to rise above 14,000 for the first time since June 2008 on Tuesday.
 
Epic Asian Markets Update

Encouraging global data and Wall Street%u2019s extended record run underpinning Asian shares on Thursday, with Japanese stocks leading the way to within striking distance of fresh five-year highs.

The Standard & Poor%u2019s 500 Index closed at an all-time high for a fifth day on Wednesday while the Dow Jones industrial average ended at a record peak for a second straight day
 
Epic Asian Markets Update

Asian shares paused from selling on Tuesday while the dollar was underpinned by better-than-expected US retail sales suggesting a steady recovery in the world%u2019s largest economy.

The dollar index last traded down 0.11 percent at 83.185, not far from this year%u2019s high of 83.494 touched last month.
 
Epic Asian Markets Update

Asian shares were steady on Wednesday, with Tokyo stocks surging to a fresh 5-1/2 year high as Japanese exporters rallied on the yen%u2019s sharp slide.

The Nikkei has gained about 1,000 points this month, so there still is caution over the fast pace of rises in a short period of time.

The dollar eased 0.2 percent to 102.21 yen, but was not far from Tuesday%u2019s high of roughly around 102.40 yen, the greenback%u2019s strongest level since October 2008.
 
Epic Asian Markets Update

Asian shares got off to a positive start on Thursday after data showed Japan%u2019s economy accelerated in the first three months of the year, in contrast to an enduring recession in the euro zone which was keeping the euro in the doldrums.

Nikkei touched a fresh 5-1/2 year high, before reversing direction to be down slightly on the day, while MSCI%u2019s broadest index of Asia-Pacific shares outside Japan advanced 0.2 percent.
 
Epic Asian Markets Update

US equities sagged on Thursday after John Williams, president of the Federal Reserve Bank of San Francisco, said the Fed could begin easing back on the monetary gas pedal this summer and end bond buying late this year.

US crude futures slipped to about $95 a barrel after disappointing US economic data revived worries over demand in the world%u2019s biggest oil consumer.
 
Epic Asian Markets Update

Asian markets were trading higher. China%u2019s Shanghai Composite was up 0.11%u0025 or 2.41 points at 2,285.28.

Hong Kong%u2019s Hang Seng rose 1.64% or 377.75 points at 23,460.43.

Japan%u2019s Nikkei gained 1.23% or 186.38 points at 15,324.50.

Singapore%u2019s Straits Times was up 0.11% or 3.73 points at 3,453.03.

South Korea%u2019s Seoul Composite was flat at 1,988.01.

Taiwan%u2019s Taiwan Weighted was up 0.17% or 14.24 points at 8,382.43.
 
Epic Asian Markets Update

The dollar nursed losses versus a basket of currencies on Tuesday, having retreated the previous day as traders pared back expectations that US Federal Reserve Chairman Ben Bernanke would hint at tapering bond buying this week.

Asian shares were mixed in early trading. South Korean equities edged up 0.2 percent after global markets mostly rose on Monday, but Japan%u2019s Nikkei index eased 0.1 percent due to a pause in the yen%u2019s weakness.
 
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