Friday, April 4, 2014

Epic Research Singapore : Asian Market Update

Asian stocks edged lower on Friday, at the end of a broadly positive week for the region, as investors waited for the U.S. labor report later in the day.  

 Australia’s S&P/ASX 200 lost 0.1% and South Korea’s Kospi fell 0.3%. Japan’s Nikkei managed to gain 0.1%, as the dollar was steady against the yen--last at ¥103.93. 

Hong Kong’s Hang Seng Index was up 2% since last Friday and the S&P/ASX 200 added 0.7% over the same period. 


Asian markets have had a tough 2014, especially in China where the Shanghai Composite is down 3.6% year-to-date. In February and March, a total of $3.5 billion flowed out of China equity funds, according to EPFR data.
 
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