Thursday, November 13, 2014

Asian Market Update : Epic Research Singapore

Asian markets were mixed Thursday after a record-breaking rally on Wall Street finally came to an end, while investors await the release of key Chinese data later in the day.

Japanese shares extended their run upwards thanks to the weaker yen, with attention turning to Prime Minister Shinzo Abe as speculation swirls that he may put off a planned sales tax hike and call a snap general election.

Tokyo added 0.26 per cent by lunch, Hong Kong and Shanghai were flat and Seoul was up 0.28 per cent while Sydney dipped 0.27 per cent.

With few catalysts to drive trade dealers took their lead from New York, where the Dow and S&P 500 ended marginally lower after five days of closing at all-time highs.

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