6 Sep 2013
Altius, citius fortius...winners outnumber losers in Asian equities
FXstreet.com (Chicago) – The Nikkei 225 fell to 1.40% depths on pre-Olympic announcement profit taking and is now 1.23% down. Tokyo is competing against Madrid and Istanbul to host the 2020 Summer Olympics. The final decision should be made this Saturday.
In Hong Kong, the Hang Seng could print best week gains in a year ahead of US data that has the world on hold. The Hang Seng is up 1.22% so far. On the other end, the Shanghai Composite is up 0.02% while the Taiwan TSEC 50 Index is up also 0.08%. The Australia ASX All Ordinaries trades in the negatives with 0.69% losses ahead of federal elections this weekend. In India, moods seem to uplift with the Mumbai Sensex registering 2.22% gains so far.
Ahead of nonfarm payroll data due later today in the US market participants weight in risk on Fed’s tapering. In the meantime, Obama’s decision to select a new US Federal Reserve head is rumored to be postponed after the Syrian conflict is cleared out or set clear.
In Hong Kong, the Hang Seng could print best week gains in a year ahead of US data that has the world on hold. The Hang Seng is up 1.22% so far. On the other end, the Shanghai Composite is up 0.02% while the Taiwan TSEC 50 Index is up also 0.08%. The Australia ASX All Ordinaries trades in the negatives with 0.69% losses ahead of federal elections this weekend. In India, moods seem to uplift with the Mumbai Sensex registering 2.22% gains so far.
Ahead of nonfarm payroll data due later today in the US market participants weight in risk on Fed’s tapering. In the meantime, Obama’s decision to select a new US Federal Reserve head is rumored to be postponed after the Syrian conflict is cleared out or set clear.