Asian stocks are generally up on the opening trade on Tuesday with the regional benchmark index continuing its advances following reaching the largest gain the index has attained in nearly two months on speculations that geopolitical situations are easing.
The MSCI Asia Pacific Index gained 0.3%, 12:19pm, Tokyo time. In the previous trading day, the gauge had added 1.2%, a climb last seen on June 19. In the previous trading week, the benchmark index was dragged by the geopolitical risks in Ukraine and the Middle east driving it to lose 2.4%. Regional gauges have mixed reactions with China declining the most among the Asian indexes. Japan’s Nikkei 225 Index and South Korea’s KOSPI Index are up by 0.04% or 6.09 pips to 15,136.61 and 0.13% or 2.59 pips to 2,041.96 respectively. China’s Shanghai Composite Index and Hong Kong’s Hang Seng Index declined by as much as 0.21% or 2,219.99 pips to 24,458.49 and 0.19% or 46.54 pips to 24,599.48 respectively. Capping off the major Asian indices are Australia’s S&P/ASX 200 and CNBC 100 ASIA IDX advancing by 1.23% or 67.37 pips to 5,524.40 and 0.31% or 23.19 pips to 7402.52 respectively.
Japan’s Mitsubishi UFJ Financial Group led the Japanese market with 1.5% while Sony added 1%. South Korea’s Samsung Electronics who previously were experiencing a steady decline is slowly regaining its losses with a 0.2% gain while Posco added 0.4%. In Australia, BHP Billiton Ltd. put on 1.2% to bolster the regional benchmark index the most. Hong Kong’s United Laboratories International Holdings Ltd. surged 6% after a profit forecast increase for the first half.
Head of dynamic asset allocation at AMP Capital Investors Ltd. Nader Naeimi commented to Bloomberg that the US market had a fairly quiet trading session last night with geopolitical tensions easing. Naeimi adds that today would be a good day and that we should see the equity market stabilizing where the markets will be able to take back “some of the lost ground.”
The material has been provided by InstaForex Company – www.instaforex.com
Asian stocks are generally up on the opening trade on Tuesday with the regional benchmark index continuing its advances following reaching the largest gain the index has attained in nearly two months on speculations that geopolitical situations are easing.
The MSCI Asia Pacific Index gained 0.3%, 12:19pm, Tokyo time. In the previous trading day, the gauge had added 1.2%, a climb last seen on June 19. In the previous trading week, the benchmark index was dragged by the geopolitical risks in Ukraine and the Middle east driving it to lose 2.4%. Regional gauges have mixed reactions with China declining the most among the Asian indexes. Japan’s Nikkei 225 Index and South Korea’s KOSPI Index are up by 0.04% or 6.09 pips to 15,136.61 and 0.13% or 2.59 pips to 2,041.96 respectively. China’s Shanghai Composite Index and Hong Kong’s Hang Seng Index declined by as much as 0.21% or 2,219.99 pips to 24,458.49 and 0.19% or 46.54 pips to 24,599.48 respectively. Capping off the major Asian indices are Australia’s S&P/ASX 200 and CNBC 100 ASIA IDX advancing by 1.23% or 67.37 pips to 5,524.40 and 0.31% or 23.19 pips to 7402.52 respectively.
Japan’s Mitsubishi UFJ Financial Group led the Japanese market with 1.5% while Sony added 1%. South Korea’s Samsung Electronics who previously were experiencing a steady decline is slowly regaining its losses with a 0.2% gain while Posco added 0.4%. In Australia, BHP Billiton Ltd. put on 1.2% to bolster the regional benchmark index the most. Hong Kong’s United Laboratories International Holdings Ltd. surged 6% after a profit forecast increase for the first half.
Head of dynamic asset allocation at AMP Capital Investors Ltd. Nader Naeimi commented to Bloomberg that the US market had a fairly quiet trading session last night with geopolitical tensions easing. Naeimi adds that today would be a good day and that we should see the equity market stabilizing where the markets will be able to take back “some of the lost ground.”
The material has been provided by InstaForex Company – www.instaforex.com
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