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Asian Market Commentary

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Asianmarkets-111914_19Oct17.jpg Asian markets are mostly higher on Friday, with some of the markets recovering from losses earlier in the session. Investor sentiment was boosted by news that the U.S. Senate has adopted a fiscal 2018 budget resolution on Thursday, taking a crucial step towards clearing the way for President Donald Trump's tax reform plan.

Samvat 2074 began on a tepid note on Thursday as losses in the banking sector pulled benchmark indexes Sensex and Nifty lower in a special Muharat trading session held on the auspicious occasion of Diwali. The 30-share Sensex gave up early gains to end down 194.39 points or 0.60 percent at 32,389.96...

The Japanese stock market has rebounded after opening lower on Friday following the flat cues overnight from Wall Street and the decline in crude oil prices. In late-morning trades, the benchmark Nikkei 225 Index is adding 22.56 points or 0.11 percent to 21,471.08, after touching a low of 21,363.10...

The Thai stock market has finished lower in three consecutive trading days, dropping almost 45 points or 2.5 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,685-point plateau and it's looking at another weak lead for Friday. The global forecast for the Asian markets...

The losing streak has hit three sessions now for the Indonesia stock market, which has slipped more than 40 points or 0.7 percent along the way. The Jakarta Composite Index now rests just above the 5,910-point plateau and it's looking at continued selling pressure again on Friday. The global forecast...

The Australian stock market is edging higher on Friday after opening lower following the flat cues from Wall Street and the overnight dip in crude oil prices. In late-morning trades, the benchmark S&P/ASX 200 Index is adding 5.90 points or 0.10 percent to 5,902.00, after touching a low of 5,868.60...

The Hong Kong stock market on Thursday emphatically halted the five-day winning streak in which it had surged more than 315 points or 1.2 percent. The Hang Seng Index now rests just beneath the 28,160-point plateau and the market may extend its losses on Friday. The global forecast for the Asian markets...

The China stock market turned lower again on Thursday, one session after it had ended the two-day slide in which it had retreated almost 20 points or 0.6 percent. The Shanghai Composite Index now rests just above the 3,370-point plateau and it may take further damage on Friday. The global forecast...

The Taiwan stock market on Thursday snapped the two-day slide in which it had fallen almost 55 points or 0.5 percent. The Taiwan Stock Exchange now rests just above the 10,760-point plateau although it head south again on Friday. The global forecast for the Asian markets is soft thanks to disappointing...

The Singapore stock market has climbed higher in five straight sessions, advancing more than 50 points or 1.6 percent along the way. The Straits Times Index now rests just beneath the 3,335-point plateau, although investors figure to cash in on Friday. The global forecast for the Asian markets is...

The Malaysia stock market had finished lower in three consecutive trading days, sliding almost a dozen points or 0.7 percent on its way to a six-month closing low. The Kuala Lumpur Composite Index now rests just beneath the 1,745-point plateau and it's looking at another soft start again on Friday. The...

The South Korea stock market has finished lower in back-to-back sessions, sliding almost a dozen points or 0.5 percent along the way. The KOSPI now rests just beneath the 2,475-point plateau and it may take further damage on Friday. The global forecast for the Asian markets is soft thanks to disappointing...

stockmixed-101917.jpg Asian stocks closed on a mixed note on Thursday after the release of key data from China and Japan. China's third-quarter GDP figures came in line with forecasts and industrial output and retail sales figures topped forecasts, while fixed investment growth eased more than expected. Property sales...

Indian stock markets remain closed today and tomorrow for Diwali. However, there will be Muhurat Trading for one hour between 06:30 pm and 07:30 pm later today. Local stocks closed a tad lower in cautious trade Wednesday as Axis Bank reported a surge in bad loans for the September quarter and investors...

Asian-Market-100912_18Oct17.jpg Asian stock markets are mostly higher on Thursday following the positive lead from Wall Street on strong corporate earnings results and as investors digested a raft of data from China. While China's third-quarter GDP was in line with forecasts, its September industrial production and retail sales beat estimates, and fixed asset investment missed expectations.

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