Epic Research Update : Asian Markets

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Epic Research
Asian equities were mixed on the first trading day of November as investors digested a raft of Chinese data. Overall, the mood was quiet with Japan closed for a holiday.

China’s Shanghai Composite was up 0.17 percent or 4.08 points at 2,424.26.

Singapore’s Straits Times added 0.43 percent or 14.07 points at 3,288.32.

South Korea’s Seoul Composite shed 0.65 percent or 12.86 points at 1,951.57.

Taiwan’s Taiwan Weighted rose 0.50 percent or 45.25 points at 9,020.01.
 
Asian stocks dipped in early trade on Tuesday with disappointing Chinese data and a Wall Street slip dampening the mood, although Japan bucked the trend and rose sharply on follow-through momentum generated the Bank of Japan%u2019s surprise monetary easing last week.

MSCI%u2019s broadest index of Asia-Pacific shares outside Japan was down 0.15 percent. Wall Street closed on slight losses on Monday, taking a breather from a recent rally.

Tokyo%u2019s Nikkei was up 3 percent after touching a fresh seven-year high, boosted by the yen%u2019s continuing weakness. Japanese financial markets were closed on Monday for a public holiday.
 
Asian markets were trading lower on Wednesday. US crude was slightly higher in early trade after falling to a three-year low in the previous session while Brent crude hit a four-year low on Tuesday after Saudi Arabia lowered the price of oil exported to the United States on Monday, while increasing the cost to Asia and Europe.

China%u2019s Shanghai Composite was down 0.29 percent or 6.98 points at 2,423.70.

Hong Kong%u2019s Hang Seng declined 0.51 percent or 122.07 points at 23,723.59.

Japan%u2019s Nikkei shed 0.33 percent or 55.94 points at 16,806.53.

Singapore%u2019s Straits Times was down 0.16 percent or 5.41 points at 3,276.16.

South Korea%u2019s Seoul Composite was flat at 1,936.08.

Taiwan%u2019s Taiwan Weighted fell 0.23 percent or 20.67 points at 8,968.51.
 
Asian shares eked out small gains and the dollar was riding high on Thursday after generally solid US economic data and expectations of business-friendly policies following the Republican Party%u2019s election victory helped Wall Street shares to finish at a record high.

Japan%u2019s Nikkei share average rose 0.4 percent while MSCI%u2019s broadest index of Asia-Pacific shares outside Japan was little changed in early trade.
 
Asian equities were mostly upbeat in Friday%u2019s mid-morning trade, buoyed by overnight assurances from the European Central Bank as well as confirmation from the Chinese central bank that it has injected liquidity into the banking system.

China%u2019s Shanghai Composite was up 5.98 points or 0.25 percent to 2,431.85 while Hong Kong%u2019s Hang Seng declined 134.63 points or 0.57 percent to 23,514.68, at 8:00 hours IST.

Japan%u2019s Nikkei rose 79.03 points or 0.47 percent to 16,871.51 and Singapore%u2019s Straits Times climbed 1.93 points to 3,292.89.

South Korea%u2019s Seoul Composite was up 1.2 points at 1,937.67 and Taiwan Weighted was flat at 8,887.49.
 
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