Epic Research Update : Asian Markets

Share markets in China opened down more than 6 percent early Tuesday, while the rest of Asia turned mixed as investors digested news of a rebound in the Dow Jones Industrial Average futures, whichopened up more than 100 points Monday evening in the US.

China’s Shanghai Composite index opened down 6.2 percent at 3,039.2, a day after posting its biggest one-day percentage loss since 2007. According to Reuters, the benchmark index crashed to its lowest level since December 2014. Among China’s other indexes, the blue-chip CSI300 index and the smaller

Japan’s Nikkei 225 remained near a six-month trough, despite trimming losses modestly, as the yen lingered at a seven-month high against the U.S. dollar. The Topix index also dropped 1.5 percent.

South Korea’s Kospi index changed course yet again to emerge above the flatline. Meanwhile, the junior Kosdaq index climbed 1.9 percent.

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Posted in: Indian Market Tips