Friday, May 16, 2014

Epic Research Singapore : Asian Market Update

 Asian markets retreated on Friday following a second straight sell-off on Wall Street and worse-than-expected eurozone growth data. 

Tokyo fell 1.70 per cent by the break on the back of a stronger yen, while Sydney shed 0.46 per cent, Seoul lost 0.43 per cent. Hong Kong eased 0.61 per cent after a six-day winning streak and Shanghai was flat.

A recent pick-up in equities took a knock after a string of weak first-quarter figures from Europe fuelled concerns about the strength of the region's recovery.

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