Epic Research Update : Asian Markets

Asian stocks were broadly higher early Wednesday, as traders looked ahead to the Bank of Japan’s announcement of its monetary decision, after a two-day policy meeting.



Japan’s benchmark Nikkei 225 index fell early Wednesday, as the yen strengthened 0.3 percent against the US dollar to fetch 118.4. Automaker stocks suffered as a result; Toyota Motor and Nissan fell 1.7 and 0.1 percent, while Suzuki Motor plunged 2.6 percent.



China’s benchmark Shanghai Composite index opened up 0.6 percent, as brokerages rebounded after suffering steep losses in the previous sessions due to a crackdown on margin financing.



South Korean shares backed down from a one-week high to slip into negative territory, as losses widened in the energy and utility sectors. Korea Gas, Kepco and SK Innovation made losses over 2 percent each.



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Posted in: Indian Market Tips