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Analytics
18 November 2020
Stocks mixed, USD index keeps bleeding
Asian equities were marginally higher on Wednesday in a sign of waning vaccine optimism amid concerns over the long-term impact of the coronavirus pandemic. The Shanghai Composite Index gained 0.2%, the Hang Seng in Hong Kong rose 0.5%, the Kospi in Seoul was up 0.3% while Japan’s Nikkei 225 bucked the trend and lost over 1% amid the news that new coronavirus cases in Tokyo hit a record high near 500.
11 November 2020
Vaccine rally continues, the Kiwi at March 2019 highs
Asian stocks closed mixed on Wednesday, with internet-platforms falling after new Chinese regulations focused on technology companies, wiping out more than $200 billion of value in the sector. The Communist Party unveiled regulations to root out monopolistic practices in the internet industry. As such, the Shanghai Composite index in China shed 0.53% while in Hong Kong, the Hang Seng lost nearly 0.3%.
09 November 2020
Global markets cheer Biden’s victory
Today in Asia, stocks rallied after former Vice President Joe Biden declared victory, ending the recent uncertainty. While Biden topped the necessary 270 Electoral College votes, President Donald Trump hasn’t conceded and has yet to mount a legal challenge. The blue-chip CSI300 index rose to more than a five-year high amid hopes of a thaw in the Sino-American trade relations. Japan’s Nikkei 225 surged 2.3%, Australia’s S&P/ASX 200 added 1.8%, while South Korea’s Kospi added 1.4%.
06 November 2020
Investors in a wait-and-see mode, euro rallies
Asian equities were mixed amid protracted vote-counting following the
U.S. elections. Investors are betting on control of the U.S. Congress
being split between Republicans and Democrats, which implies that low
taxes and light regulation will stay in place. The Shanghai Composite
Index lost 0.25% while the Nikkei 225 in Japan gained 0.9%. The Hang
Seng in Hong Kong was flat, the Kospi in Seoul inched up 0.1% while the
S&P/ASX 200 in Sydney advanced 0.8%.
04 November 2020
Equities hesitate, dollar pares gains in choppy trading
Asian stocks were mixed on Wednesday, as investors cautiously weighed the results of the U.S. presidential election, with market players appearing to be in wait-and-see mode. As such, Japan’s Nikkei 225 rose 1.7% and South Korea’s Kospi advanced 0.6%. Hong Kong’s Hang Seng index gained 0.18%, while the Shanghai Composite inched up 0.2%. Australia’s S&P/ASX 200 was flat.
02 November 2020
Stocks rising along with the greenback to start the week
Asian markets climbed on Monday buoyed by further signs of recovery in
China’s manufacturing sector. The Caixin/Markit Purchasing Managers’
Index for Chinese manufacturing came in at 53.6 for October, better than
53.0 expected, with the reading being the highest since January 2011.
Furthermore, China’s official manufacturing PMI for October arrived at
51.4 — the eighth consecutive month of expansion. As a result, Japan’s
Nikkei 225 added 1.4%, South Korea’s Kospi gained 1.4%, Australia’s
S&P/ASX 200 added 0.4%, while the Shanghai Composite finished just
marginally higher.
02 November 2020
Macroeconomic Events for November
Dear clients,
Here is the list of the most important economic events for November.
Here is the list of the most important economic events for November.
28 October 2020
Risk aversion intensifies, market focus shifts to the ECB meeting
Asian stock markets were mostly higher on Wednesday despite lingering concerns over rising coronavirus cases and new restrictions on businesses and other activities to help curb surging infections that could choke off improvements seen since the summer. Japan’s Nikkei 225 finished 0.28% lower while Australia’s S&P/ASX 200 gained 0.11, China’s Shanghai Composite rose 0.45%, and South Korea’s Kospi added 0.61%.
26 October 2020
Equities and oil under pressure, dollar regains ground
Today in Asia, stocks were mixed-to-lower as new coronavirus cases
surged in the U.S. as well as in Europe. On Sunday, House Speaker Nancy
Pelosi said she’s not giving up on passing another coronavirus relief
economic package before the November 3 election. The Shanghai Composite
in China was down 0.82%. In Japan, the Nikkei 225 dipped marginally.
Markets in Hong Kong were closed for holidays.
21 October 2020
Equities are back on the defensive, pound jumps on Brexit hopes
Following gains on Wall Street, Asian stock markets were mostly higher
on Wednesday, with investors keeping their eye on Washington in hopes of
a deal to deliver more aid for the economy. South Korea’s Kospi was up
0.53% despite the PPI rising just by 0.4% year-on-year and 0.1%
month-on-month in September, both lower than the previous readings.
China’s Shanghai Composite finished 0.1% lower while the yuan jumped to
the strongest levels since July 2018 amid speculation that a victory for
Joe Biden next month will lead to better relations between the US and
China.
19 October 2020
Euro up along with stocks amid upbeat risk mood
Asian stocks were driven higher by solid economic data out of China on
Monday. China reported its economy grew at a 4.9% annual pace in the
third quarter, with consumer spending and industrial production rising
to pre-pandemic levels. Industrial production rose 5.8% while retail
sales rose 0.9% over a year earlier, up from a 7.2% contraction in the
first half. Despite fairly upbeat figures, China’s Shanghai Composite
finished 0.7% lower amid waning hopes of additional stimulus measures.
Meanwhile, Hong Kong’s Hang Seng index gained 0.63%, Japan’s Nikkei 225
rose 1.11% and Australia’s S&P/ASX 200 edged 0.85% higher.
16 October 2020
Euro struggles despite risk demand recovery
Asian stocks were mixed-to-negative on Friday, struggling to regain bullish momentum as resurgence of coronavirus infections in Europe and the United States hurt risk appetite. Also, many investors still believe a deal is unlikely before the November 3 election despite Trump’s offer on Thursday to raise the size of a fiscal stimulus package. Japan’s benchmark Nikkei 225 dipped 0.4%, Australia’s S&P/ASX 200 shed 0.53% while Hong Kong’s Hang Seng gained 1.0%, and the Shanghai Composite added 0.12%.