Friday 6th: Asian markets mixed, Japan & China doing good

Discussion in 'General Trading Discussion' started by WaveWage, Nov 8, 2015.

  1. WaveWage

    WaveWage Well-Known Member

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    Asian markets really doesn't want interest hike, and so they need a reason to rise. That's exactly what's happening at China & Japan, who have reasons to rise despite their fears ahead of the Non-Farm Payroll (remember, the NFP got out way after the Asian markets closed, and Asia will answer only to these results next Monday 9th).


    Sam Chandan, President and Chief Economist at Chandan Economis, said that "the Fed's language suggest they are setting the bar pretty low in terms of what will prompt the initial rate hike in December."


    Meanwhile, Japan did good because of the weaker Yen, driving up buys, while China gets good score on technology's sector.


    The numbers:
    NIKKEI got +0.78% or +149.19 pts at 19,265.60 pts. Hang Sang Index got -0.80% or -183.71 pts at 22,867.33 pts. ASX 200 succeeded to win with +0.42% or +22.04 pts at 5,215.01 pts. Shangai Composite is at 3,589.76 pts, with +1.90% or +66.94 pts. Finally, KOSPI did -0.41% or -8.34 pts at 2,041.07 pts.
     

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