Wednesday, August 20, 2014

Asian Market Update : Epic Research Singapore

Asian shares slipped Wednesday despite a positive lead from Wall Street, where stocks picked up on encouraging US economic data ahead of a keynote speech this week by the Federal Reserve chief.
Shanghai lost 0.25 percent, Seoul fell 0.17 percent and Sydney was down 0.12 percent while Hong Kong traded flat.
Tokyo also edged down after data showed Japan's trade deficit for July narrowed 6.6 percent from a year earlier, with exports picking up on rising demand for cars and machinery.
But the shortfall was still worse than market expectations and analysts said domestic consumption - rather than export demand - was likely to be the key economic driver in the second half of the year.
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