Epic Asian Markets Update

E

epicresearchindore

Epic Research
Asian markets were trading higher on Monday following a rally in US equities Friday on jobs data. At 9:12 hours IST, Hong Kong’s Hang Seng rose 0.58 percent to 21,700.19.

Japan’s Nikkei 225 Average gained 387.69 points or 3.01 percent to 13,265.22 and Singapore’s Straits Times Index advanced 25.78 points or 0.81 percent to 3,210.50.

South Korea’s Kospi Composite Index was up 8.67 points or 0.45 percent at 1,932.52 and Taiwan Weighted rose by 93.03 points or 1.15 percent to 8,188.23.

The US Labor Department’s data showed job gains of 175,000 in May, slightly above the economists’ forecast, while the US unemployment rate increased to 7.6 percent last month from 7.5 percent in April.
 
Epic Asian Markets Update

Asian markets were trading lower on Tuesday morning. Hong Kong%u2019s Hang Seng fell 207.99 points or 0.96 percent to 21,407.10 and Jakarta Composite was down 133.70 points or 2.80 percent to 4,643.67.

Japan%u2019s Nikkei 225 Average declined 0.92 points to 13,513.28 and Singapore%u2019s Straits Times Index slipped 18.25 points or 0.57 percent to 3,182.26.

South Korea%u2019s Kospi Composite Index lost 19.05 points or 0.99 percent to 1,913.65 and Taiwan Weighted declined 0.79 points or 0.01 percent to 8,159.76.
 
Epic Asian Markets Update

Asia more %u2013 not less %u2013 vulnerable to any credit market shocks, leaving bond traders worried that a sharp sell off since late May could turn into a rout.

Yields, which move inversely to prices, on the debt tracked by the JP Morgan basket have jumped in the past month more than 60 basis points, largely in the past two weeks

Asia%u2019s low market liquidity could create a more explosive selloff in which a lack of trading creates a price vacuum, leading to sharper price declines as investors scramble to sell assets for cash, a scenario similar to the dark days of the Lehman crisis.
 
Epic Asian Markets Update

Asian markets were trading firm. Hong Kong%u2019s Hang Seng rose 0.86 percent or 180.87 points at 21,150.01.

Japan%u2019s Nikkei gained 1.12 percent or 142.21 points at 12,828.73.

Singapore%u2019s Straits Times added 0.48 percent or 15.33 points at 3,176.76.

South Korea%u2019s Seoul Composite was flat at 1,888.57.

Taiwan%u2019s Taiwan Weighted advanced 0.49 percent or 38.88 points at 7,976.62.

China%u2019s Shanghai Composite was down 0.13 percent or 2.78 points at 2,159.26.
- See more at: Epic Research Blog | Your Mintvisory | Page 4
 
Epic US Markets Update

Stocks advanced for a second straight day on Tuesday as investors bet the Federal Reserve would temper statements which were interpreted to mean a sooner-than-expected winding down of stimulus efforts.
The Dow Jones Industrial Average was up 138.38 points, or 0.91 percent, at 15,318.23. The Standard & Poor%u2019s 500 Index was up 12.76 points, or 0.78 percent, at 1,651.80. The NasdaqComposite Index was up 30.05 points, or 0.87 percent, at 3,482.18.
The S&P 500 is forecast to end 2013 at 1,700, according to the median forecast from 42 analysts surveyed by Reuters in the past week. That 19 percent gain for 2013 would mark the best year since 2009.
 
Epic Asian Markets Update

Asian markets were trading weak. China%u2019s Shanghai Composite shed 1.11 percent or 23.73 points at 2,119.72.

Hong Kong%u2019s Hang Seng plunged 2.07 percent or 434.55 points at 20,552.34.

Japan%u2019s Nikkei slipped 1.55 percent or 204.80 points at 13,040.42.

Singapore%u2019s Straits Times was down 1.45 percent or 46.58 points at 3,167.21.

South Korea%u2019s Seoul Composite fell 1.33 percent or 25.18 points at 1,863.13.

Taiwan%u2019s Taiwan Weighted declined 1.23 percent or 98.56 points at 7,908.83.
 
Epic US Markets Update

The Dow Jones industrial average finished down 139.61 points, or 0.94 percent, at 14,659.56. The Standard & Poor%u2019s 500 Index was down 19.34 points, or 1.21 percent, at 1,573.09. TheNasdaq Composite Index was down 36.49 points, or 1.09 percent, at 3,320.76.

The S&P 500 has fallen 3.5 percent in June, putting the benchmark index on track to end a seven-month rise as well as its worst monthly performance since May 2012. The index is down 5.8 percent from its all-time closing high on May 21.
 
You must log in or register to reply here.
Back
Top