#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 Up, Mostly Unperturbed by Chaos in Washington D.C.
Asia Pacific stocks were mostly up on Thursday morning, with a Democrat sweep in U.S. Senate runoff elections in Georgia seeming to override a tumultuous Wednesday in Washington D.C.
Japan’s Nikkei225 rose 1.84% by 9:51 PM ET (2:51 AM GMT). Japan is set to declare a fresh state of emergency for Tokyo and the neighboring Saitama, Kanagawa and Chiba prefectures later in the day. The state of emergency, which will take effect on Friday, is set to last until Feb. 7.
South Korea’s KOSPI jumped 2.20%.
In Australia, the #ASX 200 gained 1.76%. Prime Minister Scott Morrison said that the national cabinet will meet on Friday, a month ahead of schedule.
Hong Kong’s Hang Seng Index inched down 0.02%.
China’s Shanghai Composite edged up 0.17% while the Shenzhen Component was down 0.39%. Reports that the U.S. is considering adding #Alibaba Group Holding Ltd and #Tencent Holdings Ltd to a blacklist of Chinese companies allegedly owned or controlled by the Chinese military continue to ramp up tensions with China.
Mainland Chinese stocks were down by the early morning. The Shanghai Composite was down by 0.34 % to 3,538.49. Hong Kong’s #Hang Seng Index was down about 0.41% to 27,575.50.
Japan's benchmark Nikkei average. #Nikkei 225 is trading up 1.48 percent at 27,456. on Thursday, while the broader #TOPIX 100 rose 1.78 percent to 1,188.61. South Korea’s Kospi was up by 2.47% to 3041.14.
#KOSPI
Indicator RSI MA (5) MA(20) MA (50) Bollinger
(U,M,L) Stochastic
Reading 81.892 2963.64 2816.63 2633.47 U=3002.1024
M=2816.6350
L=2631.1676 %K=95.9469
%D=92.3282
Comment Over-Brought Zone zone Price Below the moving average Price Above the moving average Price Above the moving average Price is Above UB
Price is Above MB
Price is above LB Crossover to the Upside
Trend Over - Brought Bullish Bullish Bullish Bullish Bullish
Special
Notes The market is expected to move into Positive Territory. All the Moving Averages are below the price. The RSI suggests the market move on the Positive side.
Asia Pacific stocks were mostly up on Thursday morning, with a Democrat sweep in U.S. Senate runoff elections in Georgia seeming to override a tumultuous Wednesday in Washington D.C.
Japan’s Nikkei225 rose 1.84% by 9:51 PM ET (2:51 AM GMT). Japan is set to declare a fresh state of emergency for Tokyo and the neighboring Saitama, Kanagawa and Chiba prefectures later in the day. The state of emergency, which will take effect on Friday, is set to last until Feb. 7.
South Korea’s KOSPI jumped 2.20%.
In Australia, the #ASX 200 gained 1.76%. Prime Minister Scott Morrison said that the national cabinet will meet on Friday, a month ahead of schedule.
Hong Kong’s Hang Seng Index inched down 0.02%.
China’s Shanghai Composite edged up 0.17% while the Shenzhen Component was down 0.39%. Reports that the U.S. is considering adding #Alibaba Group Holding Ltd and #Tencent Holdings Ltd to a blacklist of Chinese companies allegedly owned or controlled by the Chinese military continue to ramp up tensions with China.
Mainland Chinese stocks were down by the early morning. The Shanghai Composite was down by 0.34 % to 3,538.49. Hong Kong’s #Hang Seng Index was down about 0.41% to 27,575.50.
Japan's benchmark Nikkei average. #Nikkei 225 is trading up 1.48 percent at 27,456. on Thursday, while the broader #TOPIX 100 rose 1.78 percent to 1,188.61. South Korea’s Kospi was up by 2.47% to 3041.14.
#KOSPI
Indicator RSI MA (5) MA(20) MA (50) Bollinger
(U,M,L) Stochastic
Reading 81.892 2963.64 2816.63 2633.47 U=3002.1024
M=2816.6350
L=2631.1676 %K=95.9469
%D=92.3282
Comment Over-Brought Zone zone Price Below the moving average Price Above the moving average Price Above the moving average Price is Above UB
Price is Above MB
Price is above LB Crossover to the Upside
Trend Over - Brought Bullish Bullish Bullish Bullish Bullish
Special
Notes The market is expected to move into Positive Territory. All the Moving Averages are below the price. The RSI suggests the market move on the Positive side.
Asian Stocks Rise, Follow U.S. Lead After Volatile Day
Asia Pacific stocks trended higher Friday morning, following the lead of U.S. markets that on Thursday reversed some heavy losses from a day earlier with online trading platforms taking steps to limit unprecedented and speculative volatility in a handful of stocks.
Mainland Chinese stocks were down by the early morning. The Shanghai Composite was down by 0.74% to 3,479.02. Hong Kong’s Hang Seng Index was down about 0.87% to 28,314.00.
Japan’s benchmark Nikkei average. Nikkei 225 is trading down 1.89 per cent at 27,663.50 on Friday, while the broader TOPIX 100 fell 1.66 per cent to 1,169.80. South Korea’s Kospi was down by 3.03% to 2976.73.
#ShanghaiComposite #Nikkei #HangSeng #Topix #Kospi #Index #FundamentalAnalysis #TradeAnalysis
Checkout Nikkei 225 Technical Analysis
https://www.capitalstreetfx.com/en/asian-stocks-rise-follow-u-s-lead-after-volatile-day/
Asia Pacific stocks trended higher Friday morning, following the lead of U.S. markets that on Thursday reversed some heavy losses from a day earlier with online trading platforms taking steps to limit unprecedented and speculative volatility in a handful of stocks.
Mainland Chinese stocks were down by the early morning. The Shanghai Composite was down by 0.74% to 3,479.02. Hong Kong’s Hang Seng Index was down about 0.87% to 28,314.00.
Japan’s benchmark Nikkei average. Nikkei 225 is trading down 1.89 per cent at 27,663.50 on Friday, while the broader TOPIX 100 fell 1.66 per cent to 1,169.80. South Korea’s Kospi was down by 3.03% to 2976.73.
#ShanghaiComposite #Nikkei #HangSeng #Topix #Kospi #Index #FundamentalAnalysis #TradeAnalysis
Checkout Nikkei 225 Technical Analysis
https://www.capitalstreetfx.com/en/asian-stocks-rise-follow-u-s-lead-after-volatile-day/
Capital Street FX
Asian Stocks Rise, Follow U.S. Lead After Volatile Day - Capital Street FX
Asia Pacific stocks trended higher Friday morning, following the lead of U.S. markets that on Thursday reversed some heavy losses from a day earlier with online trading platforms taking steps to limit unprecedented and speculative volatility in a handful…