Epic Asian Markets Update

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Epic Research
Asian equity markets were in a holding pattern on Wednesday as investors awaited a possible fiscal deal from US Senate lawmakers to extend the government’s borrowing authority and avert a debt default. China’s Shanghai Composite shed 1.88 percent or 42.04 points at 2,191.37. Hong Kong’s Hang Seng declined 0.49 percent or 114.72 points at 23,221.80. Japan’s Nikkei was down 0.16 percent or 23.44 points at 14,418.10. Singapore’s Straits Times was up 0.41 percent or 12.09 points at 3,177.71. South Korea’s Seoul Composite was flat at 2,040.51. Taiwan’s Taiwan Weighted was down 0.29 percent or 24.66 points at 8,343.22.
 
Epic Asian Markets Update

Asian equity markets enjoyed risk-on trade on Thursday after a long-awaited budget deal to raise the debt ceiling and avert a debt default was passed by Senate lawmakers.

Shanghai Composite rose 0.31 percent or 6.80 points at 2,199.87. Hang Seng was up 0.25 percent or 58.58 points at 23,286.91.

Nikkei advanced 1.14 percent or 164.93 points at 14,632.07. Straits Times added 0.75 percent or 23.96 points at 3,197.99.

Seoul Composite gained 0.39 percent or 7.91 points at 2,042.52 and Taiwan Weighted jumped 0.60 percent or 49.92 points at 8,382.10.
 
Epic Asian Markets Update

Asian stocks widened gains on Friday after key economic reports from China largely met market expectations. China%u2019s Q3 GDP was up 7.8 percent, YoY and up 2.2 percent, QoQ. China%u2019s Shanghai Composite was up 0.17 percent or 3.72 points at 2,192.26. Hong Kong%u2019s Hang Seng rose 0.77 percent or 178.95 points at 23,273.83. Japan%u2019s Nikkei was flat at 14,595.78 while Singapore%u2019s Straits Times added 0.31 percent or 9.76 points at 3,196.38. South Korea%u2019s Seoul Composite gained 0.18 percent or 3.73 points at 2,044.34. Taiwan%u2019s Taiwan Weighted rose 0.26 percent or 21.45 points at 8,396.13.
 
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