11 Jul 2013
A sea of green in Asia with the Nikkei exception
FXstreet.com (Barcelona) - Following FED Bernanke's comments on the very likely continuation of QE in the foreseeable future, US equity markets broke to fresh highs, and now Asia-Pacific local share markets are following through.
With US SP500 futures at fresh session and 6-week highs, the Hang-Seng index is up +2.09%, also on the back of a possible RRR cut from the PBoC, the Australian ASX index is up +1.06%, Shanghai Composite +1.25%, and the Korean Kospi +2.12%.
The discordant note comes from the Nikkei index, that finds trouble surging above the 14400 points mark, down -0.19% for the day, despite the much better than expected Japan core machinery orders data.
With US SP500 futures at fresh session and 6-week highs, the Hang-Seng index is up +2.09%, also on the back of a possible RRR cut from the PBoC, the Australian ASX index is up +1.06%, Shanghai Composite +1.25%, and the Korean Kospi +2.12%.
The discordant note comes from the Nikkei index, that finds trouble surging above the 14400 points mark, down -0.19% for the day, despite the much better than expected Japan core machinery orders data.