With the Shanghai Composite having a +3.29% increase at 3,287.81 pts, the index is reaching its highest score since August, 24. That's about a month and half ago. That's because of a report of the China Securities Journal (yes, it exists), who said that the stock market correction of China is over and had limited impact on the China's economy. This, meanwhile the China's government taken measures to avoid systemic risks according to the official's Chinese media. Meanwhile, S&P ASX 200 who were on 5-day rally got a sad Monday with -0.89% or -46.82 pts at 232.87 pts. About the other indexes, NIKKEI is at 18,438.67 pts, featuring a +1.64% or +297.5 pts, meanwhile Hang Seng Index is getting +1.21% or +272.13 pts at 22,730.93 pts. KOSPI (South Korea) is having a little +0.10% or +2.1 pts increase at 2,021.63 pts.
I must say I am not surprised given the current conditions of the China economics, however the Asian markets tend to give a trend to Wall Street and to European markets in general so I still closely take a look of it. After all, a lot of companies justify their health because of the current Chinese conditions, and Australia is the first of them, but there's other as well, and Federal Reserve keep talking and whisper about it. But I must say to deal with a country that's half communist but half in financial markets looking like everything but not a communist system, it tends to get me lost.
http://www.bloomberg.com/news/artic...slump-for-11th-month-export-decline-moderates China imports slump for the 11th month in a row. "China’s imports extended the longest losing streak in six years, underscoring the headwinds to global growth from a rebalancing in the world’s second-largest economy. Asian shares, copper, the yuan and the Australian dollar weakened." So Australia commodity exports continue to suffer, and I don't see how the Fed will raise the cost of money anytime soon.