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Wednesday, December 24, 2014

Epic Research Update : Asian Markets

Epic Research Update : Asian Markets


It was the last trading session before Christmas and across Asia’s bourses, stocks were broadly higher, drawn on by a strong US economic engine. But few traders were stirring, with markets in Australia, Hong Kong and Singapore only open for a half day ahead of tomorrow’s Christmas holiday.

Japan’s benchmark Nikkei 225 touched a two-week high on Wednesday after being shut for a holiday in the previous session, as the yen hovered in the 120 territory against the greenback.

On the last trading session before the Christmas holiday, China’s Shanghai Composite index opened down 0.7 percent.

In Hong Kong, the Hang Seng index traded 0.2 percent higher.

South Korea’s Kospi index widened gains an hour into trade as blue-chips advanced, while the junior Kosdaq index inched up 0.5 percent.

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