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Friday, February 20, 2015

Epic Research Update : Asian Markets

Epic Research Update : Asian Markets

Asian equities were mixed on the last trading day of the week as traders are playing wait-and-see whether Greece will apply for an extension of its bailout program before the Friday deadline.

Japanese shares rose to fresh fifteen-year highs for the second straight session, boosted by a weaker currency. The yen traded in sight of 119 per dollar in early trade.

Trading volumes will likely be thin for a second day due to market closures in China, Hong Kong, South Korea, Singapore, Taiwan and Malaysia.

Overnight, Wall Street shares closed narrowly mixed on Thursday, with the Nasdaq higher for seven days of gains – its strongest winning streak in a year – while the S&P 500 touched a new intraday record high.

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