Tuesday, 16 January 2018
Asian equity markets mostly rise; economic data in focus
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Asian equity markets operated in green territory on Tuesday as the dollar continued to weaken across the board, while attention shifted to fresh economic reports scheduled later in the day.
In Japan, stocks of Subaru added more than two and a half percent after the automobile company announced sales are expected to rise by 5 percent in 2018 to 680,000 vehicles.
In Australia, the S&P/ASX 200 was dragged by utilities, telecommunications and energy stocks. Financial players were also heading south.
In South Korea, the Kospi was able to rebound from early losses on the back of tech companies like Samsung Electronics, which comfortably added more than 1 percent.
In China, heavyweight components were pushing the Hang Seng Index to the upside. Meanwhile, the Shanghai composite and the Shenzhen composite were still going up.
American financial markets remained closed on Monday in observance of the Martin Luther King Day holiday. With major markets off, trading volumes and liquidity were very thin.
Last week, American stock markets ended higher as big financial names reported better-than-expected quarterly results, including JP Morgan Chase, BlackRock and Wells Fargo.
<<< Next in Europe >>>
Germany and Great Britain will be releasing their latest readings on consumer price indexes as of 07:00 GMT and 09:30 GMT respectively.
<<< Next in the United States >>>
Ahead in the day, the US data front remains quite thin, with only the NY Empire State manufacturing index scheduled at 13:30 GMT.
<<< Asian Stock Indexes at 05:30 GMT >>>
Australia ASX S&P -21.80 -0.35% 6,165.90
Shanghai Composite +10.74 +0.31% 3,421.22
Hong Kong Hang Seng +314.47 +1.00% 31,653.34
Japan Nikkei 225 +202.98 +0.86% 23,917.86
Taiwan TSEC 50 Index +9.12 +0.08% 10,965.43
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