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ASIA STOCKS: Korea and China In the Red on a Volatile Day. 

ASIA STOCKS
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  • The larger markets in the Asean region had a weak day today as Political Uncertainty in Korea boiled over and the outlook for the current President now uncertain.
  • The KOSPI  fell in early trading and stayed negative all day to be down -1.92%, the largest underperformer of the major indices in the region.
  • China followed suit despite the CAIXIN composite PMI being up on prior month, with the CSI300 down -0.20%, Shanghai down -0.07%, Shenzhen down -0.38% and Hang Seng up +0.08%.
  • South East Asia bucked the negative trend with Malaysia’s FTSE Malay KLCI up +0.29%.
  • Indonesia’s Jakarta Composite rose +1.46% continuing on from yesterdays strong day following remarks from the Central Bank governor indicating rates could be on hold for some time.
  • India had a strong day yesterday up +0.75% and has opened strong today to be up +0.44%, marking a fourth successive day of positive returns. 
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  • The larger markets in the Asean region had a weak day today as Political Uncertainty in Korea boiled over and the outlook for the current President now uncertain.
  • The KOSPI  fell in early trading and stayed negative all day to be down -1.92%, the largest underperformer of the major indices in the region.
  • China followed suit despite the CAIXIN composite PMI being up on prior month, with the CSI300 down -0.20%, Shanghai down -0.07%, Shenzhen down -0.38% and Hang Seng up +0.08%.
  • South East Asia bucked the negative trend with Malaysia’s FTSE Malay KLCI up +0.29%.
  • Indonesia’s Jakarta Composite rose +1.46% continuing on from yesterdays strong day following remarks from the Central Bank governor indicating rates could be on hold for some time.
  • India had a strong day yesterday up +0.75% and has opened strong today to be up +0.44%, marking a fourth successive day of positive returns.