Wednesday, 24 January 2018
Mixed session for Asian stock indexes; new data in focus
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Top stock indexes
in Asia were mixed on Wednesday following previous session gains, with the
dollar extending into negative territory against its major rivals.
Earlier today, the
Japanese trade balance for December came in at 359 billion yen, falling short
from an initially estimated 530 billion yen surplus. The adjusted trade balance
was at 0.09 trillion yen, compared to 0.27 trillion eyed. Exports rose by 9.3 percent
against a 10.1 percent seen.
The Nikkei 225 was
down by approximately one percent after reaching a 26-year high in the prior
session. Downward pressure was underpinned by a falling greenback, which makes
the yen more expensive and therefore weighs on Japanese exporters.
In Australia, the
S&P/ASX 200 was higher by half a percent, with the country’s top four
financial institutions rising, despite mining components were down.
Asian equities
followed a mixed close in Wall Street, with the Nasdaq ending at a fresh record
high on the back of Netflix’s better-than-expected corporate earnings report
for the fourth-quarter, while the Dow Jones and the S&P 500 failed to
secure gains.
<<< Asian
Stock Indexes at 07:50 GMT >>>
Australia ASX
S&P +44.50 +0.73% 6,150.70
Shanghai
Composite +45.14 +1.29% 3,546.50
Hong
Kong Hang Seng +476.95 +1.47% 32,870.36
Japan
Nikkei 225 +307.82 +1.29% 24,124.15
Taiwan
TSEC 50 Index +21.65 +0.19% 11,253.11
<<< Next
in Europe >>>
Traders will be
looking at to the release of German PMI indexes for manufacturing and services
sectors as of 08:30 GMT, and for the Eurozone at 09:00 GMT.
<<< Next
in the United States >>>
Investors will be
paying attention to manufacturing and services PMIs for January in the US as of
14:45 GMT, as well as existing home sales at 15:00 GMT.
The Energy
Information Administration will present its official crude and refined products
inventories as usual at 15:30 GMT.
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