3 Sep 2013
The rising sun rubs off on Asia; equities printing gains across the board
FXstreet.com (Chicago) – Asian equities print gains across the board on positive global manufacturing outlook after better-than-expected Chinese data published on Sunday and outperforming European data released yesterday.
Asian equities update
In the land of the rising sun, the Nikkei 225 is up 2.54% on weaker yen with the USD/JPY pair targeting 100 (level not seen since July). In China, the Hang Seng is up 0.94% while the Shanghai Composite registers 0.66% gains so far. In Australia, the Australia ASX All Ordinaries is up 0.27% while the Mumbai Sensex climbs 1.43% similarly to the Taiwan TSEC 50 Index up 0.55%.
Winds of war dissipating
The vote against the US military support on behalf of the UK was the opening of a series of announcements that diminished the tension generated after the Syrian attack that killed thousands of civilians a few days ago. President Obama declared on Saturday that he wanted to seek support from the congress while the UN affirmed a 2-week period was needed to determine whether chemical weapons were used or not by the Syrian government. On Monday, the US markets were closed due to Labor Day, dissipating the concerns on a potential strike at the moment.
Asian equities update
In the land of the rising sun, the Nikkei 225 is up 2.54% on weaker yen with the USD/JPY pair targeting 100 (level not seen since July). In China, the Hang Seng is up 0.94% while the Shanghai Composite registers 0.66% gains so far. In Australia, the Australia ASX All Ordinaries is up 0.27% while the Mumbai Sensex climbs 1.43% similarly to the Taiwan TSEC 50 Index up 0.55%.
Winds of war dissipating
The vote against the US military support on behalf of the UK was the opening of a series of announcements that diminished the tension generated after the Syrian attack that killed thousands of civilians a few days ago. President Obama declared on Saturday that he wanted to seek support from the congress while the UN affirmed a 2-week period was needed to determine whether chemical weapons were used or not by the Syrian government. On Monday, the US markets were closed due to Labor Day, dissipating the concerns on a potential strike at the moment.