Friday, February 27, 2015

Asian Market Update : Epic Research Singapore

Asian markets were largely flat in morning trade Friday after the dollar firmed on US inflation data, while disappointing Japanese figures challenged Tokyo's war on falling prices.

Japanese inflation slowed for a sixth straight month in January - dampened by weak consumer spending and falling energy prices - its lowest level since Tokyo launched an offensive on falling prices and tepid growth nearly two years ago.

Tokyo ticked up 0.07 per cent, Hong Kong added 0.54 per cent and Shanghai edged down 0.08 percent. Seoul slipped 0.12 per cent while Sydney was up 0.37 per cent and Wellington added 0.08 per cent. Markets in Taiwan were closed for a public holiday.

The dollar eased Friday after rallying on inflation data that pointed to rising price pressures in some areas of the US economy, which could ease the way for the Fed to hike interest rates.

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