Free Trial

Asian stocks are down across the board.......>

STOCKS
STOCKS: Asian stocks are down across the board with the sole exception of the
Shenzhen Composite as markets take the lead from yesterday's weakness in the US.
- The CSI 300 is the the worst performer so far, down 1.1%, but off its lows. We
would need to see a push through 3,600 from 3,520 currently for the bearish
trend to have any chance of reversing.
- Japanese stocks are holding up despite continued yen strength, with the Nikkei
down just 0.1% with the energy sector underperforming.
- Aussie stocks are down marginally but continue to outperform among developed
markets, with the ASX200 finding support at 6,160 just above the previous highs
seen in January and May, suggesting this level is turning into a key support
zone.   

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.