Epic Research Update : Asian Markets

While mainland stocks were unshaken by less-than-stellar economic indicators over the weekend, the rest of Asian indices slid early Monday tracking offshore losses and amid worries surrounding China.

The S&P 500 and the Nasdaq Composite eased 0.29 and 0.26 percent, respectively.

In China, fresh disappointing data heightened pressure for Beijing to roll out further stimulus measures to support the world’s second-largest economy.

China’s Shanghai Composite index brushed off the weak data set to advance 1.4 percent at the start of trade, likely buoyed by prospects of further monetary easing.

However, Hong Kong’s Hang Seng index dropped 1.4 percent, weighed down by losses in the property and banking sectors.

Japan’s Nikkei 225 nursed modest losses ahead of the release of the Bank of Japan’s (BOJ) monthly report at 1100 SIN/HK.

South Korea’s Kospi index widened losses by mid-morning trade, with retailers and oil producers leading the way.

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Posted in: Indian Market Tips