Epic Research Update : Asian Markets

Mainland shares nursed modest losses amid choppy trade after the country’s consumer prices rose slower than expected in May.

Shanghai shares flitted between gains and losses following the data release, with the benchmark Shanghai Composite index last seen in neutral territory.

In Hong Kong, the Hang Seng index tracked their mainland peers lower. British bank HSBC edged up 0.3 percent ahead of an update about how the British lender plans to improve profitability.

Japan’s benchmark Nikkei 225 extended Monday’s modest declines to touch a two-week low, even as dollar-yen moved up a tad to trade around 124.6.

South Korea’s Kospi index reversed a lackluster open to edge up.

Singapore shares tread water in early trade, with Singapore Exchange (SGX) in focus following the announcement of its new CEO.

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Posted in: Indian Market Tips