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Equity rally in Asia, as investors return from holiday.

EQUITIES

Asian equities gained the most, as Japanese and Singaporean investors comes back from holidays.

  • Risk appetite improved despite lack of any major risk-on catalysts, with some pointing to declines in Covid-19 hospitalisation rates in several U.S. States.
  • Trump considering a capital gain tax income cut, has kept risk assets buoyed, and also Japanese finance minister Taro Aso, seeing stimulus measures having some effects in the Economy.
  • China car sales are accelerating, with retail sales in sedans, SUV, mini vans rallied 7.9% in July suggesting a good recovery for the biggest auto-maker.
  • Below gives key levels of markets in the second half of the Asia-Pac session:
  • Nikkei 225 up 408.1 points at 22738.04
  • ASX 200 up 30.801 points at 6141
  • Shanghai Comp. up 11.113 points at 3390.365
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