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ASIA STOCKS: A Positive Start to December for Markets.

ASIA STOCKS
EM BulletFixed Income BulletsBulletAPACEmerging Market NewsForeign Exchange BulletsMarkets
  • Asia’s equity markets greeted the last month of the year positively with most major markets up.
  • Taiwan’s TAIEX led the way up +2.00% following PMI data showing that the country’s manufacturers are still expanding, despite the threats from the US.
  • China equities were strong across the board also bond yields threatened lows and the Caixin PMI Manufacturing rebounded.
  • China’s CSI 300 is up +0.70%, Shanghai +1.00%, Shenzhen +1.05% and Hang Seng +0.20%.
  • South Korea’s KOSPI had some better-than-expected data to spur demand on in the first trading session of the month and was +0.50% stronger.
  • The Philippines has had a very strong day with their PMI Manufacturing surprising to the upside given impetus to an equity market rally, their index up +1.6%.
  • Malaysia however despite enjoying one of the strongest growth profiles of its Asean neighbours saw PMI’s contract and the equity market not participating in today’s rally, up only +0.05%.
  • Indonesia’s PMI was very weak and despite the Central Bank governor suggesting rates could be on hold for some time, the Jakarta Composite was one of the few markets down today off -0.20%.
  • India has opened flat with limited trading, following on from last week’s strong finish to the week. 
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  • Asia’s equity markets greeted the last month of the year positively with most major markets up.
  • Taiwan’s TAIEX led the way up +2.00% following PMI data showing that the country’s manufacturers are still expanding, despite the threats from the US.
  • China equities were strong across the board also bond yields threatened lows and the Caixin PMI Manufacturing rebounded.
  • China’s CSI 300 is up +0.70%, Shanghai +1.00%, Shenzhen +1.05% and Hang Seng +0.20%.
  • South Korea’s KOSPI had some better-than-expected data to spur demand on in the first trading session of the month and was +0.50% stronger.
  • The Philippines has had a very strong day with their PMI Manufacturing surprising to the upside given impetus to an equity market rally, their index up +1.6%.
  • Malaysia however despite enjoying one of the strongest growth profiles of its Asean neighbours saw PMI’s contract and the equity market not participating in today’s rally, up only +0.05%.
  • Indonesia’s PMI was very weak and despite the Central Bank governor suggesting rates could be on hold for some time, the Jakarta Composite was one of the few markets down today off -0.20%.
  • India has opened flat with limited trading, following on from last week’s strong finish to the week.