Asian markets falling after the rally

Discussion in 'General Trading Discussion' started by WaveWage, Oct 13, 2015.

  1. WaveWage

    WaveWage Well-Known Member

    Sep 2015
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    Asian markets suffers today, even if the SHANGAI Composite ended up in a positive territory with the performance of its airlines. The problem is the fell of exports and imports revealed today. China exports fell -3.7% in September from the previous year, meanwhile imports fallen of -20.4% (yes it's excessive) with the 11th consecutive decline month.

    But, the trade surplus at the end, was of $60.34 billion. Weird thing when naturally, trade surplus is more than welcome, but here looks more worrying because of the import figures.

    Meanwhile in Australia & New Zealand, the commodities prices continues to make them fall. A little summary of the indexes:
    NIKKEI is at 18,234.74 pts with -1.11% or -203.93 pts, probably hit by the falling fuel, meanwhile HSI got 22,600.46 pts with -0.57% or -130.47 pts. ASX 200, affected by the commodity, got -0.57% or -30.01 pts ending up to 5,202.85 pts. SHANGAI Composite is on the positive territory with +0.18% or +5.98 pts ending up at 3,293.64 pts. Finally, the South Korean KOSPI is at 2,019.05 pts, with -0.13% or -2.58 pts.

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