Tuesday, March 25, 2014

Epic Research Singapore : Asian Market Update

Asian markets were mostly down on Tuesday as traders booked profits after the previous day's rally, while Wall Street provided another negative lead in response to anaemic US and Chinese manufacturing data.

Tokyo slipped 0.35 per cent by the break, Hong Kong fell 0.35 per cent, Sydney eased 0.42 per cent and Seoul shed 0.19 per cent but Shanghai was 0.32 per cent higher.
European and US shares were unable to match Monday's strong performance from stocks in Asia, where traders saw a fall in Chinese manufacturing activity as possibly pressing Beijing into announcing monetary easing measures.

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