Asian stocks Archives - Page 5 of 6 - The Industry Spread

ECB on the Spotlight, USDCAD Breaks Higher

March 7, 2019

Asian indices finished mostly lower today following a downbeat session in Wall Street. With trade negotiations frontier quiet, traders will turn their attention to Europe and focus on the monthly decision on interest rates by the European Central Bank and data on quarterly economic growth. Stock traders will also be following news that Chinese tech company Huawei has filed a lawsuit against the US government over the ban that restricts Fed agencies from using its products.

USDJPY at Yearly High on Better US Q4 GDP

March 1, 2019

Asian markets traded broadly higher after positive Chinese economic data earlier today gave some optimism to markets with regards to concerns about the Chinese and global economic slowdown.  The Nikkei 225 in Tokyo was the leader with gains over one percent closed at 21,602, the Hang Seng in Hong Kong added 0.52 percent to 28,970 while the Shangai Composite trading 1.52 percent higher at 2,990 boosted by the inclusion of more China shares in the MSCI index.

Pound targets 1.33 on Brexit Optimism

February 27, 2019

Asian stocks markets finished slightly higher after the testimony from Federal Reserve Chairman Jerome Powell during the US trading session. In Hong Kong the Hang Seng ended flat at 28,759 while the Shanghai Composite index added 0.42 percent to 2,953, the Nikkei 225 in Tokyo rose 0.50 percent to 21,556, while Australian equities have recovered some of yesterday’s losses with the ASX 200 adding 22 points or 0.36 percent to 6150.

German Ifo index, dropped for a sixth consecutive month, Euro flat

February 22, 2019

Chinese and US officials were said to be sketching six broader commitments of a trade deal that would put an end to their trade war as negotiators finally made some significant progress on the tough issues of the seven-month trade war between the two biggest economies.

Kuroda Sparked a Yen Sell-Off

February 20, 2019

Asian stocks finished the session higher with Nikkei 225 index gaining 0.60 percent at 21,431, Hong Kong’s Hang Seng index jumping 0.86 percent to 27,472, while the Shanghai Composite added 0.2 percent to 2,761. Early gains in Aussie stocks couldn’t be sustained on Wednesday with the market held back by weakness in retail, banking, telco, IT and utility stocks.

Fed to be Patient Raising Rates, Asian Stocks at Four Month High

January 31, 2019

Asian stocks finished the session close to four-month highs, following Wall Street indices, after the FED pledged to be patient in raising rates going forward. Shares in Japan was 1.06% higher at 20,773, and the Shanghai Composite index is gaining 0.35 percent. In Hong Kong, the Hang Seng index finished 1.04 percent higher at 27,935, and South Korea’s Kospi added 0.2%. Australian stocks have not been able to replicate the positive performance in other Asia markets with ASX200 giving up 0.4 percent to 5,864.

Asian Stocks Ended the day Bearish

January 29, 2019

Asian stocks finished the day lower as U.S. Justice Department yesterday brought charges against Huawei Technologies Co. alleging that it stole trade secrets from an American rival and committed bank fraud by violating sanctions against doing business with Iran. Caterpillar and Nvidia both reported forecasts for 2019 that disappointed analysts expectations.

Asian Stocks Lower, EURUSD Holds 1.14

January 28, 2019

Stocks in the US rallied on Friday as traders were relieved to see an end to one of the most extended U.S. government shutdown in history. Donald Trump agreed to temporarily end a 35-day-old partial government shutdown without getting the $5.7 billion he had demanded for the Mexico border wall. China-US relations remains in focus as traders mulled over conflicting signals ahead of the round of trade talks over the week.

EURUSD: Bears in Control, Asian stocks Higher

January 25, 2019

European Central Bank (ECB) kept key interest rates and future guidance unchanged but downgraded its assessment by stating that the balance of risks has moved to the downside. The Asian trading session had a positive run even though no deal has been made in relation to the US-China trade situation.