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ASIA STOCKS: A Mix of Reactions on US Election News.

ASIA STOCKS
EM BulletAPACEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

 

  • Markets were mixed across Asia today as news ebbed and flowed on the US Election, with Trump’s odds firming throughout the afternoon.
  • In China the PBOC Governor suggested that keeping fiscal and monetary policy was the best way forward for a stable, high quality economic recovery (according to BBG). Despite these markets were mixed with the Hang Seng leading the way down by -2.6% and the CSI 300 flat whilst Shanghai Comp had modest gains of +0.16% and Shenzhen Comp the outperformer at +0.55%.
  • In Korea the KOSPI was under pressure from the outset from the US news moving progressively down throughout to be -0.85% lower.
  • Malaysia saw a positive day.  With little local economic news of significance the FTSE Malay KLCI inched higher to be +0.35%.
  • Indonesia had a challenging day as currency volatility weighed heavy on the bond market, dragging equities with it.  The Jakarta Composite was down -0.40%.
  • Elsewhere in brief Philippines was down -0.25%, Singapore +0.04% and Taiwan had a very strong day at +1.0%
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  • Markets were mixed across Asia today as news ebbed and flowed on the US Election, with Trump’s odds firming throughout the afternoon.
  • In China the PBOC Governor suggested that keeping fiscal and monetary policy was the best way forward for a stable, high quality economic recovery (according to BBG). Despite these markets were mixed with the Hang Seng leading the way down by -2.6% and the CSI 300 flat whilst Shanghai Comp had modest gains of +0.16% and Shenzhen Comp the outperformer at +0.55%.
  • In Korea the KOSPI was under pressure from the outset from the US news moving progressively down throughout to be -0.85% lower.
  • Malaysia saw a positive day.  With little local economic news of significance the FTSE Malay KLCI inched higher to be +0.35%.
  • Indonesia had a challenging day as currency volatility weighed heavy on the bond market, dragging equities with it.  The Jakarta Composite was down -0.40%.
  • Elsewhere in brief Philippines was down -0.25%, Singapore +0.04% and Taiwan had a very strong day at +1.0%