|Day's range||27,536.27 - 27,965.96|
|52-week range||26,219.56 - 33,484.08|
Inflation numbers out of Japan this morning were a reminder of how far off the BoJ is from making a move, focus shifting to the EU and the Oval Office.
In the Asian markets, it seems that the recovery rally has exhausted. After two days of growth, Asian markets mixed, returning to the levels of the end of last week. Global stocks mostly higher.
Impressive 2nd GDP numbers drive the Kiwi, with Brexit and retail sales numbers putting the Pound in the spotlight.
BDO representatives, Mr. Ricky Cheng, Director and Head of Risk Advisory (left) and Mr. Clement Chan, Managing Director of Assurance (right), present the Survey on the Performance of ESG Reporting of Hong Kong Listed Companies. HONG KONG, Sept 19, 2018 - (ACN Newswire) - While it is expected that listed companies should have a better understanding on the reporting requirements and capability to achieve better performances in the environmental, social and governance ("ESG") reporting in the second year of its survey of ESG reporting in Hong Kong, the results of this year's survey is still far from satisfactory with rooms for improvement.
Asia-Pacific equities were moving higher, led by a rally for Japanese stocks after a strong lead from Wall Street. Tokyo’s Topix index, buoyed by a weaker yen, was the best performer among the region’s major bourses, up 1.8 per cent and at its highest point since June. In China, the CSI 300 index of major Shanghai and Shenzhen stocks was 1.1 per cent higher, recovering from an initial fall.
China-focused stocks posted a turnround in morning trade on Wednesday as global equities broadly gained despite lingering concerns over the US-China trade dispute. The CSI 300 index of major Shanghai ...
It’s been a bullish start to the day, in spite of rising trade war tension, the Aussie Dollar leading the way, focus now shifting to UK inflation.
Equities were mostly higher in early Asia-Pacific trading on Wednesday with Japanese stocks rallying after a strong lead from Wall Street overnight. Tokyo’s Topix index, also buoyed by a weaker yen, was ...
assets had a solid day in the face of the tit-for-tat tariff moves, with the FTSE EM equity index edging up 0.2 per cent and some currencies — including the Russian rouble, Mexican peso and South Africa rand — gaining ground. The dollar index was up 0.2 per cent at 94.65 as the euro shed 0.2 per cent to $1.1665 and sterling retreated from a seven-week peak of $1.3172 to stand 0.1 per cent lower on the day at $1.3140.
With the U.S. yield curve coming close to inverting, so is Hong Kong’s thanks to its currency peg to the dollar. “While a Hong Kong inverted yield curve is not unheard of, it has generally preceded Hang Seng Index market peaks,” analysts led by Sean Darby, chief global equity strategist at the brokerage, wrote in a Sept. 17 note. “The Hong Kong equity market is facing higher domestic real rates, an inverting yield curve and ongoing contraction in the Hong Kong aggregate balance.
Another set of tariffs on China supporting the U.S Dollar early on, with the RBA meeting minutes failing to give the Aussie Dollar a boost.
Economic data could take a back seat through the day, the markets more eager to see whether there is a green light for U.S – China trade talks.
Economic data out of China was better than expected this morning, supporting improved risk appetite, with focus to shift to U.S retail sales and the USD.
Monetary policy to drive the EUR and the GBP this afternoon, with inflation figures to hit the USD, while Brexit, NAFTA and Trump will also be a factor.
“Asian stocks have been caught in the middle of increasing trade tensions as well as the rising dollar and emerging market contagion, and certainly China weakness is also adding fuel to the fire,” said Nader Naeimi, head of dynamic markets at AMP Capital Investors Ltd. Most individual Asian stock markets fell Wednesday, with Japan’s Topix index closing 0.5 percent lower while the Hang Seng Index fell further into bear market territory with a 0.3 percent drop.
Asian equities are on the slide again, with economic data providing little support, as the markets continue to fret over rising trade tensions.
China’s policy makers are stuck with the most bearish equity market in years as their attempts to lift sentiment fail to gain traction. The benchmark fell 0.3 percent to 2,656.11. Just three weeks ago, state-backed funds purchased stocks in a move that helped trigger a two-day bounce after the benchmark first dipped below its 2016 closing low.
A mixed start to the day on the data front, leaves the markets to look ahead to employment numbers out of the UK, the Pound find strong Brexit support.
Welcome to Hong Kong, where just about every problem afflicting global equity investors has found a foothold. The Hang Seng Index’s 0.7 percent slide Tuesday tipped it into a bear market, extending its loss since a January peak to more than 20 percent. Already reeling from a selloff in Internet and tech firms as well as concerns over China’s slowing growth, Hong Kong is now caught in an emerging-market exodus first sparked by currency crises in Latin America and Turkey.
Hong Kong stocks dipped into a bear market before closing just outside as the worsening U.S.-China trade dispute prompted investors to pull out of riskier assets. The Hang Seng Index closed down 1.3 percent at 26,613.42 points. The benchmark’s worst performer was Sunny Optical Technology Group Co., followed by AAC Technologies Holdings Inc. as Apple Inc. warned tariffs would affect many of its products and increase costs.
Sep.20 -- Liu Yang, chairperson, chief investment officer and fund manager at Atlantis Investment Management, discusses the current state of markets and where she thinks they are heading. She speaks on "Bloomberg Markets: China Open."