June 19, 2019
Asian indices finished higher today on dovish Central Banks ahead of Wednesday’s FOMC policy meeting. The Nikkei225 finished 1.72 percent higher to 21,333 the Hang Seng benchmark in Hong Kong, finished 2.29 percent higher at 28,136. The Shanghai Composite finished 1.19 percent higher to 2,922, while in Singapore the FTSE Straits Times index finished 1.47 percent higher to 3,286. Australian equities finished to fresh 11.5 year highs on Wednesday, with the ASX200 closed at 6648 after a gain of 1.2% or 78 points.
June 18, 2019
Asian indices finished higher today except for Nikkei ahead of Wednesday’s FOMC policy meeting and as trade worries resurface. The Nikkei225 finished 0.72 percent lower to 20,972, the Hang Seng benchmark in Hong Kong finished 1.20 percent higher at 27,555. The Shanghai Composite finished 0.09 percent higher to 2,890, while in Singapore, the FTSE Straits Times index finished 0.96 percent higher to 3,237. Australian equities added to early gains thanks to further signs of RBA rate cuts with the ASX 200 index lifting by 0.6 per cent or 39.1pts to 6570.
June 14, 2019
Asian indices finished mostly lower as trade worries resurface and the attack in two oil tankers in Gulf of Oman weighing on traders sentiment. The Nikkei225 finished 0.40 percent higher to 21,116 and the Hang Seng benchmark in Hong Kong finished 0.83 percent lower at 27,065. The Shanghai Composite finished 0.99 percent lower to 2,881, while in Singapore, the FTSE Straits Times index finished 0.32 percent lower to 3,210. Australian equities finished up 11 points or 0.2% to 6,554. Over the week, the index jumped 1.7%.
June 14, 2019
Global equity market is seeing mixed price action in the global market today. Lack of progress in Sino-U.S. trade talks, increasing awareness that trade deal between two parties is unlikely in the upcoming g20 summit and headlines on massive street protests act as factors which provide the market with bearish cues. This has resulted in investor sentiment remaining divided in the global market. Further, the reduction in 2019 global crude oil demand growth forecast by OPEC also hurt risk appetite.
June 13, 2019
Asian indices finished lower for the second day in a row as trade worries resurface and Hong Kong protests regarding the China extradition bill weighs on traders sentiment. The Nikkei225 finished 0.46 percent lower to 21,032; the Hang Seng benchmark in Hong Kong, finished 0.05 percent lower at 27,294. The Shanghai Composite finished 0.04 percent higher to 2,910, while in Singapore, the FTSE Straits Times index finished 0.05 percent lower to 3,207.
June 11, 2019
Asian indices continue higher for the second day as investor digesting the news that President Donald Trump suspended plans to impose tariffs on Mexico but the market’s going to remain sensitive to trade news flow for some time particularly as we head into the G20. The Nikkei225 finished 0.33 percent higher to 21,204 the Hang Seng benchmark in Hong Kong, finished 0.81 percent higher at 27,796.