Monday, 13 July 2015

Epic Research Update : Asian Markets

Epic Research Update : Asian Markets


Asian shares were mixed on Tuesday following long-awaited deals in Greece and Iran, while attention also fell on China’s recent stock rebound.

The Shanghai Composite was flat following a 2 percent rally on Monday as regulators clamp down on grey-market margin lending and enforce tight trading controls, such as the use of real names and national identification numbers.

In Hong Kong, the Hang Seng Index eased 0.4 percent. Casinos rallied on reports that Macau is easing some of the policies that have hurt the gambling business.

Japan’s benchmark Nikkei index hit a one-week high, rising for a second session. Sentiment got an extra fillip from a weaker currency as theyen weakened to 123.64 per dollar in early trade, a new one-week low.

South Korea’s benchmark index quickly erased gains after touched a one-week peak in early trade, due to losses among large-cap stocks.

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