Epic Research Update : Asian Markets

Asian stocks opened higher on Tuesday, with Tokyo and Shanghai markets clinching new multi-year highs, on the back of a positive US finish overnight and ahead of a flurry of central bank meetings.



Japan’s Nikkei 225 index hit fresh 15-year highs of 19,428, while the yen traded little changed at 121.4 against the dollar, ahead of the BOJ’s policy decision due at 1200 SIN/HK.



China’s Shanghai Composite scaled a fresh five-year high of 3,476 at the open as investors continued to place bets on further stimulus in the world’s second-largest economy.



In Hong Kong, global luggage manufacturer and retailer Samsonite ticked up 0.4 percent on the back of a 5.8 percent increase in 2014 net profit, while the broader Hang Seng index inched up 0.3 percent.



An upbeat performance among exporters led South Korea’s Kospi index to a one-and-a-half-week high early Tuesday.



Meanwhile, Singapore Airlines confirmed early Tuesday that it is in talks to take a stake in South Korean low-cost carrier Jeju Air. Shares of AK Holdings, the airline’s holding firm, soared 2.9 percent following the news.



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Posted in: Indian Market Tips