Sunday, 4 January 2015

Epic Research Update : Asian Markets

Epic Research Update : Asian Markets





Asian stocks were mixed on the first trading day of the week, following a weak lead from Wall Street, and continued jitters in the oil market.



Japan’s key Nikkei 225 index moved away from a two-and-a-half-week low as the yen weakened 0.1 percent to trade at 120.3 to the dollar. Markets in Japan were shut since last Wednesday for the holiday season.



China’s Shanghai Composite index rose 1 percent to a near five-year high on its first trading session of 2015.



In Hong Kong, the Hang Seng index shed 0.5 percent. Casino operator Melco Crown was in focus after it applied for a withdrawal of its listing in Hong Kong, citing limited fundraising opportunities and compliance obligations.



South Korean shares dropped to a one-month low early Monday as losses in blue-chips weighed on the bourse.



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