Epic Research Update : Asian Markets

Mainland shares led losses in Asia early Wednesday, tracking offshore losses driven by persisting concerns over the health of China’s economy.

However, Japan’s Nikkei 225 index managed to stage a rebound by mid-morning trade, probably inspired by the near 1 percent rises in the S&P 500 futures and Dow futures in early Asian trade.

China’s Shanghai Composite index extended losses on Wednesday, even as regulators continued to roll out rescue measures to support a wobbly stock market, albeit in an inconsistent manner.

Japan’s benchmark Nikkei 225 turned positive by mid-morning trade, reversing a negative open and recouping modest losses after plummeting 3.8 percent in the previous session.

South Korea’s Kospi index edged down in early trade, but losses were capped as shares of automakers attracted hefty buy orders.

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Posted in: Indian Market Tips