Wednesday, May 14, 2014

Epic Research Singapore : Asian Market Update

Asia's markets were mixed on Wednesday, with another record-breaking close on Wall Street offset by profit-taking after the previous day's healthy gains.

The euro was under pressure after a survey showed German sentiment at an 18-month low, which raised concerns about Europe's biggest economy.

Tokyo eased 0.17 per cent and Sydney dipped 0.21 per cent but Hong Kong gained 0.57 per cent and Seoul added 0.80 per cent, while Shanghai was flat.

Traders took their foot off the pedal after Tuesday's rally, which was inspired by a big pick-up on Wall Street thanks to advances in tech shares.

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