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ASIA STOCKS: China Down Again as Stimulus Hopes Fade. 

ASIA STOCKS
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  • Last week’s strong finish for China’s major indices faded today as hopes about more stimulus recede.
  • Having finished Friday up very strongly, delivering a positive week, the CSI 300 declined -0.50%, Hang Seng -0.54%, Shanghai -0.40% and Shenzhen -0.80%.
  • The ongoing uncertainty in Korea continued to weigh heavy on the KOSPI , again making it the worst performer in the region, down -2.50% in today’s trading, following last week’s decline.
  • Malaysia’s FTSE KLCI took lead from the other major markets too today and in the absence of any key news, the path of least resistance was to fall and was down -0.30%.
  • The Jakarta Composite was one of the few positive stories today rising +0.36% as news breaks on potential VAT changes coming.
  • India’s has been a shining star amongst it’s Asia peers in terms of inflows, having turned what was a torrid period of outflows into the last week of strong inflows. The NIFTY 50 had a very good week last week up +2.2% and is starting off the week post no change from the RBI flat as the market digests the implications of the change in the cash deposit rate for banks. 
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  • Last week’s strong finish for China’s major indices faded today as hopes about more stimulus recede.
  • Having finished Friday up very strongly, delivering a positive week, the CSI 300 declined -0.50%, Hang Seng -0.54%, Shanghai -0.40% and Shenzhen -0.80%.
  • The ongoing uncertainty in Korea continued to weigh heavy on the KOSPI , again making it the worst performer in the region, down -2.50% in today’s trading, following last week’s decline.
  • Malaysia’s FTSE KLCI took lead from the other major markets too today and in the absence of any key news, the path of least resistance was to fall and was down -0.30%.
  • The Jakarta Composite was one of the few positive stories today rising +0.36% as news breaks on potential VAT changes coming.
  • India’s has been a shining star amongst it’s Asia peers in terms of inflows, having turned what was a torrid period of outflows into the last week of strong inflows. The NIFTY 50 had a very good week last week up +2.2% and is starting off the week post no change from the RBI flat as the market digests the implications of the change in the cash deposit rate for banks.