Epic Research Update : Asian Markets

Nikkei 225, which halted a four-session decline to close up on Monday, dropped 4.48 percent. The dollar-yen pair was down 0.60 percent at 115.13, falling below the 116-level overnight and marking its lowest levels since November 2014.

Many Asian markets remain closed for the Lunar New Year. China and Taiwan are shut for the week, while markets in Hong Kong, Singapore, South Korea, Malaysia and Vietnam are closed shut on Tuesday.

Japanese banking stocks were also down as concerns persist over their profitability after the central bank introduced negative interest rates in the market in late January. Shares of Mitsubishi UFJ were down 7.10 percent, SMFG fell 6.42 percent and Mizuho Financial slipped 5.23 percent.\

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Posted in: Indian Market Tips