logo

Asian Market Commentary

Share

Indian shares continued to move higher on Friday to hit fresh record highs for the third straight session after Yes Bank, HDFC Bank, Kotak Mahindra Bank and ITC delivered strong quarterly results, and the GST Council decided to cut tax rates on 29 products and 53 services, in what is seen as the biggest...

sharehigher-011918.jpg Most Asian stocks rose on Friday as stronger-than-expected Chinese GDP data and expectations for strong corporate earnings helped investors shrug off concerns about a potential U.S. government shutdown. The U.S. House of Representatives passed a stop-gap funding measure late Thursday to avert a government...

Indian shares opened on a flat note Friday after recent strong gains. Underlying sentiment remained supported after the GST Council decided to cut tax rates on 29 products and 53 services, in what is seen as the biggest overhaul since the launch of GST. The benchmark BSE Sensex was up 54 points or...

Asianmarkets-111914_18Jan18.jpg Asian stock markets are mostly higher on Friday with modest gains despite the negative lead from Wall Street amid concerns about a possible U.S. government shutdown. Optimism about upbeat corporate earnings and global economic growth after China's economic expansion exceeded the government's 2017 target has boosted investor sentiment.

Indian shares may open higher on Friday after Yes Bank delivered another quarter of satisfactory performance and the GST Council decided to cut tax rates on 29 products and 53 services, in what is seen as the biggest overhaul since the launch of GST. On the flip side, Bharti Airtel's quarterly profit...

The Thai stock market has finished lower in two of three trading days since the end of the three-day winning streak in which it had advanced almost 30 points or 1.7 percent. The Stock Exchange of Thailand now rests just beneath the 1,820-point plateau and it may extend its losses on Friday. The global...

The Japanese stock market is modestly higher on Friday despite the weak lead overnight from Wall Street and a stronger yen. In late-morning trades, the benchmark Nikkei 225 Index is adding 59.49 points or 0.25 percent to 23,822.86, off a high of 23,872.69 earlier. The major exporters are higher...

The win streak has hit four sessions now for the Indonesia stock market, which has gained more than 100 points or 1.6 percent along the way. The Jakarta Composite Index now rests just above the 6,470-point plateau, although it may open under pressure on Friday. The global forecast for the Asian markets...

The Australian stock market edged lower on Friday after opening higher despite the negative cues overnight from Wall Street amid concerns about a possible U.S. government shutdown. Gains by oil stocks were offset by weakness in mining and banking stocks. In late-morning trades, the benchmark S&P/ASX...

The Hong Kong stock market has jumped higher in three straight trading days, surging almost 800 points or 2.6 percent en route to a fresh record closing high. The Hang Seng Index rests just above the 32,120-point plateau although it's overdue for profit taking on Friday. The global forecast for the...

The China stock market has climbed higher in three straight sessions, gathering almost 65 points or 1.9 percent along the way. The Shanghai Composite Index now rests just shy of the 3,475-point plateau, although the rally may stall on Friday. The global forecast for the Asian markets is soft, thanks...

The win streak has hit five sessions now for the Taiwan stock market, which has advanced almost 270 points or 2.5 percent on its way to a fresh 28-year closing high, the Taiwan Stock Exchange sits just above the 11,070-point plateau although investors may cash in on Friday. The global forecast for...

The Singapore stock market has moved lower in back-to-back sessions, giving away almost 30 points or 0.8 percent along the way. The Straits Times Index now rests just above the 3,520-point plateau and it may open under pressure again on Friday. The global forecast for the Asian markets is soft, thanks...

The Malaysia stock market on Thursday wrote a finish to the five-day winning streak in which it had advanced almost 25 points or 1.3 percent. The Kuala Lumpur Composite Index now rests just above the 1,820-point plateau and it may take further damage on Friday. The global forecast for the Asian markets...

The South Korea stock market turned barely higher again on Thursday, one session after it had ended the three-day winning streak in which it had gathered almost 35 points or 1.3 percent. The KOSPI remains just above the 2,515-point plateau although it may tick lower on Friday. The global forecast...

Follow RTT