Monday, 1 June 2015

Epic Research Update : Asian Markets

Epic Research Update : Asian Markets


Asian stocks opened mostly lower Tuesday ahead of the release of central bank decisions in Australia and India.

China’s Shanghai Composite index extended gains to notch up 0.2 percent, after rallying over 4 percent in the previous session following data that showed a pick-up in factory activity last month. Also calming jitters were comments by state-owned media Xinhua News Agency which said Sunday that a “bull-market” outlook was still in place.

Japan’s benchmark Nikkei 225 index advanced, setting the stage for a 13th straight session of gains, propped up by the dollar-yen, which traded at 124.79, near its highest level since December 2002.

South Korea’s Kospi index widened losses in early trade on the back of steep losses among automakers.

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