Monday, July 20, 2015

Asian Market Update : Epic Research Singapore

Asian stocks were slightly higher Monday as concerns over Greece and China's recent market rout eased, while the dollar pushed higher on expectations for a US interest rate hike by the end of the year.

Shanghai led the gains but was undergoing some fresh volatility as more firms trade again after being suspended at the height of the latest stock crisis that wiped billions off mainland valuations.

Shanghai added 0.91 percent, Hong Kong gained 0.23 per cent, Singapore was 0.44 per cent higher and Wellington put on 0.25 per cent.

Sydney slipped 0.11 per cent and Seoul was flat.

Tokyo and Jakarta were closed for public holidays.

Analysts said investors are now beginning to focus back on macro-economic data after the past few months that saw the Greek debt crisis and a more than 30 percent plunge in Chinese stocks.

Last week Greece agreed to a swathe of new austerity measures from creditors in exchange for much needed cash that will keep it in the eurozone for now.

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