Epic Research Update : Asian Markets

Asian shares posted a subdued open on Wednesday, tracking a mixed finish on Wall Street overnight as uncertainty over when the Federal Reserve will raise rates prevailed.



Japan’s Nikkei 225 index retreated from Tuesday’s fresh 15-year high as markets reacted to a smaller-than-expected increase in February’s export data. Japanese exports rose 2.4 percent last month due to a fall in shipments to China, according to data from the Ministry of Finance early Wednesday, a slowdown from a 17.0 percent on-year rise in January.



China’s Shanghai Composite opened up 0.4 percent to a fresh seven-year high as a widening fall in February’s new home prices fueled hopes of further stimulus. Home prices eased 5.7 percent year-on-year last month, more than the 5.1 percent drop in January.



In Hong Kong, CK Hutchison Holdings leaped nearly 1 percent in its first day of trading. The new company is the product of a reshuffle in the property assets of Hong Kong tycoon Li Ka-shing and replaces the old Cheung Kong Holdings, which were suspended on March 10. Meanwhile, the broader Hang Seng index opened up 0.6 percent.



Real Time News & Trading Trends Keep Liking #EpicResearch



Facebook – Twitter – YouTube – Pinterest –Linkedin – Google+



For more information ✆ – 0731-6642300 or Visit http://ift.tt/1k8NnLH

Posted in: Indian Market Tips