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Analytics
25 May 2021
Global equities rally, dollar hit by risk-on tone
Asian equities rose decently on Tuesday as inflation fears eased after the president of the St. Louis Federal Reserve Bank, James Bullard, said it wasn’t time to rethink monetary policy when the country is still in the pandemic. The Shanghai Composite Index rose 2.40%, while the Nikkei 225 in Tokyo gained 0.67%, the Hang Seng in Hong Kong advanced 1.75%. The Kospi in Seoul was 0.86% higher and the S&P-ASX 200 in Sydney added 0.98%.
21 May 2021
Global investors cautious at the end of the week
Asian markets were mixed on Friday. Tokyo’s Nikkei 225 index gained 0.78% despite the plunge in the services PMI from 49.5 to 45.7 that marked the largest drop since last April. Australia’s S&P/ASX 200 was just 0.155 higher, Hong Kong’s Hang Seng was unchanged, while the Kospi in Seoul declined 0.19% and the Shanghai Composite index lost 0.58%.
20 May 2021
Markets struggle for direction, crypto sell-off continues
Asian stocks were mixed on Thursday after benchmarks closed broadly lower on Wall Street, as investors weighed Federal Reserve minutes. Some fed some officials signaled they’d be open at some point to discussing scaling back the central bank’s bond purchases. The Nikkei 225 regained lost ground, edging 0.2% higher after the government reported that exports rose 38% in April from a year earlier while imports climbed nearly 13%. Sydney’s S&P/ASX 200 surged 1.27%. In Hong Kong, the Hang Seng skidded 0.42% while the Shanghai Composite slipped 0.18%. Seoul’s Kospi declined 0.35%.
18 May 2021
Stocks, oil rally as dollar keeps bleeding across the board
Asian shares rose Tuesday amid renewed optimism that economic reopenings will boost growth later in the year. On the data front, Japan’s economy shrank at an annualized rate of 5.1% from January to March. On a seasonally adjusted basis, gross domestic product in the first quarter fell 1.3% quarter-on-quarter. still, Japan’s benchmark Nikkei 225 surged 2.1%. South Korea’s Kospi gained 1.23%, Australia’s S&P/ASX 200 added 0.60%, Hong Kong’s Hang Seng jumped 1.42%, while the Shanghai Composite was up 0.32%.
13 May 2021
Equities on the defensive while dollar rallies on CPI data
Asian stock markets followed Wall Street lower for a second day on Thursday amid growing worries inflation might drag on the economic recovery. The US rate of inflation has hit 2.6% in the 12 months to March, the highest level seen since 2008. On a monthly basis, the consumer price index soared 0.8% to match the biggest monthly increase since 2009. The Shanghai Composite Index fell 1.26% and the Nikkei 225 in Tokyo tumbled 2.4%. The Hang Seng in Hong Kong lost 1.54%. The Kospi in Seoul sank 1.33% and Sydney’s S&P/ASX 200 was 0.94% lower.
11 May 2021
Markets edge lower ahead of US inflation data
Asian equities fell nearly across the board on Tuesday ahead of U.S. and Chinese consumer prices due out this week. Investors have refocused on the potential for surging prices that could prompt central banks to start tapering off on their stimulus. Also, stocks were under pressure as a number of Asian countries are seeing rising coronavirus infections and deaths. As such, Tokyo’s Nikkei 225 slipped 3.08%, the Hang Seng in Hong Kong lost 2.03%, the Kospi in Seoul dropped 1.23%, while the Shanghai Composite index in China bucked the trend to gain 0.40%.
07 May 2021
Global investors awaiting US jobs data
Asian equities were mixed on Friday amid the persisting worries about the recent surges of illnesses in India, Thailand, and other countries. China stocks fell amid concerns over Sino-West tensions that offset optimism surrounding upbeat economic data. China’s export growth unexpectedly accelerated in April while the services sector expanded at the sharpest pace in four months. Still, the Shanghai Composite shed 0.65%. Japan’s benchmark Nikkei 225 recouped early losses to edge up 0.09%, Australia’s S&P/ASX 200 added 0.27%, South Korea’s Kospi added 0.58% while Hong Kong’s Hang Seng shed 0.18%.
04 May 2021
Oil at fresh highs despite stronger dollar
Asian equities were upbeat on Tuesday amid signs of recovery from the coronavirus pandemic. MSCI's broadest index of Asia-Pacific shares outside Japan was up by 0.05%. Hong Kong’s Hang Seng rose 0.70%, Australia’s S&P/ASX 200 gained 0.56%, and the Kospi added 0.64%. Tokyo and Shanghai were closed for holidays.
03 May 2021
Macroeconomic Events for May
Dear clients, Here is the list of the most important economic events for May.
30 April 2021
Equities mixed, dollar mostly higher amid fresh earnings and economic data
Asian stocks were lower on Friday as risk sentiment has deteriorated ahead of the weekend as China’s factory activity growth slowed and missed forecasts in April. The official manufacturing PMI fell to 51.1 from 51.9 in March while a sub-index for employment slipped to 49.6 from 50.1. As such, the Shanghai Composite shed 0.81%, Japan’s benchmark Nikkei 225 dipped 0.83%, Australia’s S&P/ASX 200 fell 0.80%, and Hong Kong’s Hang Seng lost nearly 2%.
27 April 2021
Greenback enjoys safe-haven demand, stocks retreat
Asian stocks were little changed on Tuesday, struggling for direction ahead of the Federal Reserve’s policy decision despite the U.S. central bank is expected to confirm that it will maintain its easy monetary policy. Meanwhile, US benchmark 10-year yields rose slightly to 1.573%. The Nikkei 225 in Tokyo lost 0.46% and the Hang Seng in Hong Kong retreated 0.04%. The Shanghai Composite Index gained just 0.04%, the Kospi in Seoul declined 0.07% while the S&P/ASX 200 in Australia fell 0.17%.
23 April 2021
Greenback losses ground along with stocks
In Asia, investors shrugged off of Biden’s tax plan announcement to finish broadly higher on Friday. Biden’s tax plan would raise the capital gains tax to 39.6% for investors who make more than $1 million. However, Japan’s Nikkei 225 bucked the trend, losing 0.57% amid the reports that the government will declare states of emergency for Tokyo, Osaka, and two other prefectures later today. Meanwhile, the Shanghai Composite Index rose 0.26%, the Hang Seng in Hong Kong gained 1.12%. The Kospi in Seoul added 0.27% while Sydney’s S&P/ASX 200 finished just 0.08% higher.