Wednesday, November 12, 2014

Asian Market Update : Epic Research Singapore

Asian markets were mixed Wednesday as Tokyo extended a rally after the dollar broke 116 yen for the first time in seven years, while speculation swirls that Japan may put off another unpopular sales tax hike.

Wall Street provided support for buyers again after the Dow and S&P 500 squeezed out another record for a fifth straight session, while investors await the release this week of Chinese indicators and a G20 summit at the weekend.

Tokyo climbed 0.88 per cent by the break, Hong Kong was 0.20 per cent higher and Seoul put on 0.43 per cent, while Shanghai lost 0.20 per cent and Sydney eased 0.70 per cent.

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