Monday, May 19, 2014

Epic Research Singapore : Asian Market Update

Asian markets broadly fell on Monday despite an uptick on Wall Street, while traders keep an eye on the release of key indicators out of China and Japan later in the week. 

Tokyo was up 0.12 per cent, Sydney eased 0.80 per cent, Shanghai dropped 0.43 per cent, Seoul lost 0.12 percent and Hong Kong was 0.20 percent lower. 

US shares ended slightly higher on Friday after upbeat earnings from retailers JC Penney and Nordstrom, while the Commerce Department said overall housing starts rose 13.2 per cent in April from March. 

The Dow rose 0.27 per cent, the S&P 500 added 0.37 per cent and the Nasdaq gained 0.52 per cent.

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