#Asian shares boosted by vaccines hopes, Brexit deadline casts shadow
Asian shares bounced back on Friday as progress on #COVID-19 vaccines boosted investor sentiment, but tricky Brexit negotiations and U.S. stimulus talks capped gains in riskier assets.
MSCI's ex-Japan Asia-Pacific index rose 0.5%, on track for its sixth straight week of gains, while Japan's Nikkei 225 dropped 0.6%.
Investors bet on stronger economic growth next year as more countries prepare for vaccinations. U.S. authorities voted overwhelmingly to endorse emergency use of Pfizer coronavirus vaccine while doses of a COVID-19 vaccine made by China's Sinovac Biotech SVA.O are rolling off a Brazilian production line.
But buying fizzled out in some markets as talks on U.S. stimulus failed to make progress and after British Prime Minister Boris Johnson said on Thursday there was "a strong possibility" Britain and the EU would fail to strike a trade deal.
Mainland Chinese stocks were down by the early morning. The #Shanghai Composite fell by 1.21% to 3,332.18. Hong Kong’s #Hang Seng Index was down about 1.20% to 3333.75.
Japan's benchmark #Nikkei average. #Nikkei 225 is trading down 0.39 per cent at 26,652.00 on Friday, while the broader #TOPIX 100 rose 0.17 per cent at 1,150.38. South Korea’s #Kospi was up by 0.72% to 2,850.40.
Asian shares bounced back on Friday as progress on #COVID-19 vaccines boosted investor sentiment, but tricky Brexit negotiations and U.S. stimulus talks capped gains in riskier assets.
MSCI's ex-Japan Asia-Pacific index rose 0.5%, on track for its sixth straight week of gains, while Japan's Nikkei 225 dropped 0.6%.
Investors bet on stronger economic growth next year as more countries prepare for vaccinations. U.S. authorities voted overwhelmingly to endorse emergency use of Pfizer coronavirus vaccine while doses of a COVID-19 vaccine made by China's Sinovac Biotech SVA.O are rolling off a Brazilian production line.
But buying fizzled out in some markets as talks on U.S. stimulus failed to make progress and after British Prime Minister Boris Johnson said on Thursday there was "a strong possibility" Britain and the EU would fail to strike a trade deal.
Mainland Chinese stocks were down by the early morning. The #Shanghai Composite fell by 1.21% to 3,332.18. Hong Kong’s #Hang Seng Index was down about 1.20% to 3333.75.
Japan's benchmark #Nikkei average. #Nikkei 225 is trading down 0.39 per cent at 26,652.00 on Friday, while the broader #TOPIX 100 rose 0.17 per cent at 1,150.38. South Korea’s #Kospi was up by 0.72% to 2,850.40.
Asian Stocks Down, With Yield Worries Creeping In
Mainland Chinese stocks were up by the early morning. The Shanghai Composite was down by 0.81% to 3,665.52. Hong Kong’s Hang Seng Index was Down about 0.34% to 30,548.57.
Japan’s benchmark Nikkei average Nikkei 225 is trading up 0.46 per cent at 30,156.50 on Monday, while the broader TOPIX 100 rose 0.39 per cent to 1,267.97. South Korea’s Kospi was down by 0.90% to 3079.62.
TECHNICAL INDICATORS - KOSPI
https://www.capitalstreetfx.com/en/asian-stocks-down-with-yield-worries-creeping-in/
#ShanghaiComposite #HengSeng #Nikkei225 #Topix100 #Kospi #AsiaPacific #IndoPacific #Asx200 #Shenzhencomponent #Covid #Australia #China #japan #Korea
Mainland Chinese stocks were up by the early morning. The Shanghai Composite was down by 0.81% to 3,665.52. Hong Kong’s Hang Seng Index was Down about 0.34% to 30,548.57.
Japan’s benchmark Nikkei average Nikkei 225 is trading up 0.46 per cent at 30,156.50 on Monday, while the broader TOPIX 100 rose 0.39 per cent to 1,267.97. South Korea’s Kospi was down by 0.90% to 3079.62.
TECHNICAL INDICATORS - KOSPI
https://www.capitalstreetfx.com/en/asian-stocks-down-with-yield-worries-creeping-in/
#ShanghaiComposite #HengSeng #Nikkei225 #Topix100 #Kospi #AsiaPacific #IndoPacific #Asx200 #Shenzhencomponent #Covid #Australia #China #japan #Korea
Capital Street FX
Asian Stocks Down, With Yield Worries Creeping In - Capital Street FX
Asia Pacific stocks were mostly down on Monday morning, giving up earlier gains even as global COVID-19 vaccine programs advance and optimism continues to grow for an economic recovery. Japan’s Nikkei 225 were up 0.26%.South Korea’s KOSPI edged down 0.16%…
Asian stocks edge higher, led by rally in commodities
Mainland Chinese stocks were up by the early morning. The Shanghai Composite was down by 0.25% to 3,634.52. Hong Kong’s Hang Seng Index was up about 1.05% to 30,634.57.
Japan’s benchmark Nikkei average Nikkei 225 is trading up 0.46 per cent at 30,156.50 on Tuesday, while the broader TOPIX 100 rose 0.39 per cent to 1,267.97. South Korea’s Kospi was down by 0.16% to 3074.62.
TECHNICAL INDICATORS - Kospi
https://www.capitalstreetfx.com/en/asian-stocks-edge-higher-led-by-rally-in-commodities/
#ShanghaiComposite #HengSeng #Nikkei225 #Topix100 #Kospi #AsiaPacific #IndoPacific #Asx200 #Shenzhencomponent #Covid #Australia #China #japan #Korea
Mainland Chinese stocks were up by the early morning. The Shanghai Composite was down by 0.25% to 3,634.52. Hong Kong’s Hang Seng Index was up about 1.05% to 30,634.57.
Japan’s benchmark Nikkei average Nikkei 225 is trading up 0.46 per cent at 30,156.50 on Tuesday, while the broader TOPIX 100 rose 0.39 per cent to 1,267.97. South Korea’s Kospi was down by 0.16% to 3074.62.
TECHNICAL INDICATORS - Kospi
https://www.capitalstreetfx.com/en/asian-stocks-edge-higher-led-by-rally-in-commodities/
#ShanghaiComposite #HengSeng #Nikkei225 #Topix100 #Kospi #AsiaPacific #IndoPacific #Asx200 #Shenzhencomponent #Covid #Australia #China #japan #Korea
Capital Street FX
Asian stocks edge higher, led by rally in commodities - Capital Street FX
Asian stocks rebounded from two-week lows struck on Tuesday as rising commodity prices boosted market expectations of an improved growth outlook, a day after rising U.S. Treasury yields and inflation prospects hit U.S. tech shares. MSCI’s broadest index of…