Epic Asian Markets Update

Asian markets erased opening gains on Monday on concerns about US default escalated after the latest comments from politicians showed no signs of progress to resolve the budget standoff. Japan's Nikkei gave up early gains, hitting a new one-month low for a second straight session as a stronger yen continued to hurt sentiment. It was down 0.47 percent or 65.70 points at 13,958.61 at 7:32 am (IST). Meanwhile, Hong Kong's Hang Seng slipped 0.95 percent or 219.36 points at 22,919.18. Singapore's Straits Times and South Korea's Seoul Composite were flat at 3,137.43 and 1,995.60, respectively. Taiwan's Taiwan Weighted too was flat at 8,358.23. Chinese equity market is shut today.





http://www.epicresearch.co/



0731-664-2300

Posted in: Indian Market Tips