Monday, April 28, 2014

Epic Research Singapore : Asian Market Update

Asian markets were mostly lower on Monday following a negative lead from Wall Street, while tensions in Ukraine added to selling pressure.

Traders were awaiting the release later in the week of global manufacturing data as well as earnings reports from Japan, while the US Federal Reserve is also due to hold its latest policy meeting.

Tokyo slipped 1.15 per cent by the break, Hong Kong eased 0.47 per cent and Shanghai lost 0.16 per cent, while Sydney added 0.15 per cent and Seoul rose 0.11 per cent.

US shares sank on Friday, led by the tech-rich Nasdaq, after a disappointing earnings report from Amazon while the face-off in Ukraine also hurt buying sentiment.

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