September 24, 2024 01:46 GMT
ASIA: Equities Markets Open Higher
ASIA
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- Japan returns from a Public Holiday with the Nikkei +1.77% & TOPIX +1.27%.
- large-cap stocks like Fast Retailing +2% although we are trading just off highs atm. Utility stocks are the top performing with Kansai +3.62%, Tokyo Electric Power 3.10% & Tohoku Electric Power +3.50%. Banks are struggling this morning with the Topix Banks Index up just 0.15%, while Pharmaceuticals are the worst performing.
- Chinese & Hong Kong Equities have also opened higher with Property stocks the top performing following announcement from the PBoC. The Mainland Property Index is currently +4.88%, HS Property Index 2.90% while the CSI 300 Real Estate Index is up just 0.50%.
- Elsewhere is reasonably quiet with South Korea, Taiwan & Australian equities little changed.
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