Asian Market Commentary

Share SHARE

Indian shares hit fresh record highs on Wednesday, with sentiment aided by sustained buying by foreign funds. The benchmark indexes hit record highs for a third consecutive session, as capital goods and banking stocks rallied, offsetting weakness in the oil/gas and IT sectors. Global cues were mixed,...

Asian-Market-100912_23Apr14.jpg Asian stocks pared early gains on Wednesday, as weak Chinese manufacturing data offset initial optimism over the outlook for the U.S. economy. The safe-haven Japanese yen held steady against the dollar as expectations for more stimulus from the Bank of Japan waned. Chinese shares fell modestly as...

The Indian markets opened on a flat note Wednesday, tracking mixed Asian cues after a private survey showed activity in the Chinese manufacturing sector contracted for a fourth straight month in April. Trading is confined to a tight range as investors adopt a cautious stance ahead of F&O expiry today...

Asian-Market-100912_22Apr14.jpg Asian stock markets are mostly trading higher on Wednesday, tracking cues from Wall Street where the major averages posted solid gains overnight on the back of some strong earnings reports and better than expected housing data.

Nifty futures on the Singapore Exchange are up slightly, indicating a flat-to-higher opening on Wednesday ahead of the expiry of April derivative contracts later in the day. Rupee movements would be watched closely after the currency extended its recent slide to hit a one-month low on Tuesday on persistent...

The Thai stock market has moved to the upside now in five consecutive trading days, rising more than 25 points or 1.8 percent in that span. The Stock Exchange of Thailand closed just above the 1,415-point plateau, and the market may add to its winnings again on Wednesday. The global forecast for the...

The Japanese stock market opened on a firm note Wednesday, tracking cues from Wall Street where the major averages posted solid gains overnight on the back of some strong earnings reports and better than expected housing data. Financial, precision instruments, communications and technology stocks...

The Indonesia stock market bounced right back to the upside again on Tuesday - one session after it had ended the five-day winning streak in which it had climbed more than 130 points or 2.6 percent. The Jakarta Composite Index closed just below the 4,900-point plateau, and the market figures to re-test...

The Australian stock market is trading notably higher on Wednesday and extending gains to a fifth successive session, with investors tracking the positive cues overnight from Wall Street. Consumer discretionary, financial, energy, industrial and property trusts stocks are mostly higher. Mining and...

The Hong Kong stock market on Tuesday snapped the modest two-day winning streak in which it had gathered almost 90 points or 0.4 percent. The Hang Seng Index finished just above the 22,730-point plateau, although the market may see a positive bounce on Wednesday. The global forecast for the Asian...

The China stock market on Tuesday wrote a finish to the three-day losing streak in which it had given away nearly 40 points or 2 percent in that span. The Shanghai Composite Index settled just above the 2,070-point plateau, and the market figures to open higher again on Wednesday. The global forecast...

The Taiwan stock market bounced right back to the upside again on Tuesday, one session after it had halted the four-day winning streak in which it had risen nearly 110 points or 1.2 percent. The Taiwan Stock Exchange closed just below the 8,975-point plateau, and the market is called higher again on...

The Singapore stock market has moved higher now in five straight sessions, collecting almost 80 points or 2.5 percent in that span. The Straits Times Index finished just above the 3,275-point level, and the market is expected to extend its gains on Wednesday. The global forecast for the Asian markets...

The Malaysia stock market has moved to the upside now in four consecutive sessions, adding almost 20 points or 1 percent in that span. The Kuala Lumpur Composite Index settled just above the 1,865-point plateau, and the market draws another higher open again on Wednesday. The global forecast for the...

The South Korea stock market has finished higher in two of three trading days since the end of the five-day slide in which it had tumbled more than 15 points or 0.8 percent. The KOSPI closed just below the 2,005-point plateau, and now the market is tipped to open higher again on Wednesday. The global...