Australia: Shares rebound on Fed Governor's dovish comments

Australian shares rebounded on Tuesday, boosted by materials and healthcare, after Federal Reserve Board Governor Lael Brainard's comments on the US economy strengthened the view that the central bank would leave interest rates unchanged next week.

Ms Brainard said she wanted to see a stronger trend in US consumer spending and evidence of rising inflation before the Fed raises rates, reducing prospects of a near-term interest rate hike.

The dollar was nursing losses against its peers after Brainard reiterated her dovish views.

"The rally that we saw in US trading after those (Brainard's) comments is one of the reasons why we are seeing such a positive performance today across the Asia-Pacific region," said Michael McCarthy, chief market strategist with CMC Markets.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Taiwan: Stocks hit near two-month lows

Taiwan stocks hit their lowest in almost two months on Tuesday in volatile trading, tracking declines in some other regional markets, with a recovery in some heavyweights such as TSMC limiting the falls.

The main Taiex index was down 0.14 per cent at 8934.51 at 0315 GMT. It had dipped to as low as 8,885.55 earlier in the session, an intraday level not seen since July 15.

Taiwan's market sentiment has been cautious, in part prompted by massive foreign selling. The electronics subindex sank 0.3 per cent, while the financials subindex lost 0.7 per cent.

Taiwan Semiconductor Manufacturing Co (TSMC), the world's top contract chip maker and the market's most heavily-weighted share, dipped nearly 1 per cent but recovered later.

The Taiwan dollar firmed NT$0.091 to NT$31.625 per US dollar.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Seoul: Won, stocks recover as Fed Sept hike talk ebbs

The South Korean won and shares rebounded early on Tuesday after US Federal Reserve Governor Lael Brainard's comments made it more likely that the Fed will stand pat in September.

The won stood at 1,109.5 as of 0203 GMT, up 0.4 per cent compared with Monday's close of 1,113.5.

The Korea Composite Stock Price Index (Kospi) was up 0.6 per cent at 2,003.54 points.

"If the Fed ends up keeping its rates unchanged for September, the won will be kept at its current level which is at around 1,100," said June Park, a foreign exchange analyst at Daishin Economic Research Institute.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Hong Kong, Shanghai: Stocks open higher

HONG KONG Shares rallied in Hong Kong Tuesday morning after a top Federal Reserve official tempered comments from two colleagues on the possibility of a US rate hike this month.

The Hang Seng Index added 1.17 per cent, or 273.53 points, to 23,564.13.

And the benchmark Shanghai Composite Index added 0.10 per cent, or 3.05 points, to 3,025.03 while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.54 per cent, or 10.71 points, to 1,987.77.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Singapore shares open 1.37% lower on Tuesday

A STEEP Wall Street rebound overnight on dovish Federal Reserve comments failed to bring cheer to the Singapore stock market when it started trading on Tuesday, after a one-day public holiday.

At 9.02am, the benchmark Straits Times Index was down 39.47 points or 1.37 per cent at 2,833.86.

Some 92.4 million shares worth S$99.6 million were traded, with losers outpacing gainers 151 to 34.

Elsewhere in Asia, stocks joined the US equity rebound in the morning trading on the back of a continued dovish tone from Fed policymaker Lael Brainard in her approach to US monetary policy. This followed a sell-off on Monday stoked by rising bond yields and talk that US rates might rise as early as next week.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Singapore dollar forwards drop as traders see MAS policy on hold

The currency market has shifted to signal expectations the Monetary Authority of Singapore will refrain from easing next month, with a measure of the local dollar's potential direction sliding to a four-year low.

Six-month forwards stumbled to minus 15.64 points on Thursday, the least since July 2012, data compiled by Bloomberg show. The rate touched 32.23 points on June 28, days after the UK vote to exit the European Union caused a global financial rout.

Futures contracts show the likelihood for the US Federal Reserve to raise interest rates at the Sept 20-21 meeting has gone down to 22 per cent after recent disappointing US economic data.

"The market is not looking at Singapore dollar depreciation at this point because of what's happening in the US," said Irene Cheung, a foreign-exchange strategist at Australia & New Zealand Banking Group Ltd in Singapore.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Taiwan: Stocks near one-week low as Apple suppliers drag

Taiwan stocks fell to about a one-week low on Friday as TSMC and other Apple Inc suppliers tracked losses in Apple shares after the iPhone 7 failed to impress Wall Street.

As of 0326 GMT, the main Taiex index fell one per cent to 9,169.69, after closing at 9,262.89 in the previous session.

Taiwan Semiconductor Manufacturing Co (TSMC), the world's biggest contract chip maker, dipped 1.4 per cent. Hon Hai Precision was off 0.9 per cent.

The electronics subindex sank one per cent, while the financials subindex lost 1.2 per cent.

The Taiwan dollar softened NT$0.094 to NT$31.380 per US dollar.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Asia: Stocks decline as Korean shares fall, investors weigh ECB

Asian stocks fell as investors weighed the outlook for monetary policy in the US and Japan after the European Central Bank downplayed the need for more economic stimulus. South Korean shares dropped amid concern North Korea may have conducted a nuclear test.

The MSCI Asia Pacific Index dropped 0.7 per cent to 141.03 as of 10:49am in Tokyo. The measure is heading for a 2.1 per cent advance this week as traders pared bets the Federal Reserve will raise rates at its September meeting while speculation swirled over whether the Bank of Japan will add to already record stimulus.

Shares in the US and Europe fell after ECB chief Mario Draghi played down the prospect of an increase in asset purchases at a time when concern over the impact of Brexit on the euro area is mounting.

"While the ECB disappointed, we could still expect additional stimulus later in the year as there's so much uncertainty in Europe," James Woods, a strategist at Rivkin Securities in Sydney, said by phone.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Seoul: Stocks, won drop on suspected North Korean nuclear test

South Korean shares and won fell early on Friday following a suspected North Korean nuclear test.

South Korea's presidential Blue House will hold a National Security Council meeting at 0200 GMT on Friday after seismic activity was detected near North Korea's known nuclear test site, activity South Korea said could have been a nuclear test.

The Korea Composite Stock Price Index (Kospi) was down 1.2 per cent at 2,038.21 points as of 0201 GMT.

The won was quoted at 1,100sw.1, down 0.7 per cent compared to Thursday's close of 1,092.6.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Hot stock: Ezra falls 3.4% amid high volumes, attracts SGX query

SHARES of Ezra Holdings fell 3.4 per cent to 5.6 Singapore cents in Friday early morning trade, as trading volumes of the counter surged.

Some 158.3 million shares of the offshore support provider had changed hands as at 10.07am, drawing a query from the Singapore Exchange (SGX).

On Thursday, Ezra was also one of the most active counters on the SGX, jumping nearly 35 per cent or 1.5 cents to close at 5.8 cents, with 182.1 million shares traded.The firm has yet to respond to the query.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Hong Kong: Stocks extend gains at open

Hong Kong stocks rose in early trade, adding to the previous day's rally on upbeat Chinese trade data, while investors await the release of mainland inflation figures.

The Hang Seng Index added 0.20 per cent, or 46.68 points, to 23,966.02.

But the benchmark Shanghai Composite Index was marginally lower, edging down 0.52 points to 3,095.43, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, was slightly up, ticking 0.51 points higher to 2,050.59.

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Malaysia: Shares open lower on Friday

MALAYSIA share prices opened lower on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 0.260 points to 1,691.120.

Volume was 21.500 million lots worth RM4.936 million.

Gainers outnumbered losers 65 to 57.

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Taiwan: Stocks flat, hover at 14-month highs

Taiwan stocks stayed flat near 14-month highs on Thursday, in line with other overseas markets, with TSMC and other suppliers of Apple Inc remaining little changed following the launch of new iPhones.

As of 0343 GMT, the main Taiex index was up 7 points at 9,266.63, after hitting its highest intraday level in 14 months in the prior session.

The electronics subindex was nearly flat, while the financials subindex gained 0.2 per cent.

Taiwan Semiconductor Manufacturing Co (TSMC), an Apple supplier and the world's biggest contract chip maker, was trading flat.

The Taiwan dollar softened NT$0.043 to NT$31.283 per US dollar.

Asian shares held within one-year peaks on Thursday as Chinese trade data topped forecasts and imports recorded their first annual rise since late 2014.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Seoul: Won edges down on government warnings, stocks flat

The South Korean won eased on Thursday as traders grew cautious about prospects for further gains after the government issued verbal warnings about the market's moves for the second day in a row.

The won was quoted at 1,093.8 as of 0159 GMT, down 0.4 per cent from Wednesday's close of 1,090.0.

Foreign exchange authorities said the won has been more volatile than other Asian currencies and that they are watching the situation very closely.

"Some bargain hunters are coming in at the 1,090 level, bringing additional pressure on the won," said Jeong My Young, a foreign exchange analyst at Samsung Futures.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Malaysia: Shares open higher on Thursday

MALAYSIA share prices opened higher on Thursday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 1.860 points to 1,691.530.

Volume was 17.496 million lots worth RM7.794 million.

Gainers outnumbered losers 68 to 44.

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Singapore shares open little changed on Thursday

SINGAPORE shares opened almost flat on Thursday, with the Straits Times Index down by 1.61 points or 0.06 per cent to 2,892.04 points as at 9.01 am, after US stocks ended little changed on Wednesday.

The Dow Jones Industrial Average was down 11.98 points or 0.06 per cent to 18,526.14, but the Nasdaq Composite added 8.02 points or 0.15 per cent to a record close.

Trade on Wall Street large caps has been light ahead of the Federal Reserve rate hike decision and the US presidential election in November.

Recent economic data including last Friday's weaker-than-expected jobs report suggest the Federal Reserve could hold off the rate hike for now although expectations are that the tightening may still happen later this year.

Some 46 million shares worth S$69.5 million changed hands, with gainers outnumbering losers 70 to 53.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Stocks to watch: TEE, Keppel, Marco Polo Marine

THE following listed companies made material announcements before the opening of the Singapore market on Thursday:

TEE International, together with its subsidiaries and associated companies, was awarded new engineering contracts worth about S$95 million from August to September 2016, bringing the group's total outstanding order book to about S$324 million.

Keppel Corp's property arm, Keppel Land, on Wednesday said that it has signed a conditional joint venture agreement with Myanmar conglomerate Shwe Taung Group to develop premium serviced residences and offices in the next phase of Junction City.

Marco Polo Marine on Wednesday said that it has appointed KPMG Services as adviser to the group to conduct an independent review, in view of the upcoming maturity date of its notes on Oct 18.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Asia: Stocks hit 1-year high as soft US data quells Fed hike talk

The US dollar took a tumble and Asian stocks rose to one-year highs on Wednesday after surprisingly weak US services sector activity put paid to already slim chances of an interest rate hike by the Federal Reserve as early as this month.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 per cent, extending its chunky gains of 2.7 per cent over the last two days, to claim a level last seen in July last year.

"When people think there's no immediate rate hike from the Fed, then Asia and emerging markets are the place to go to, as investors seek yields," said Toru Nishihama, senior economist at Dai-ichi Life Research.

Japan's Nikkei slid 0.7 per cent, however, as the yen gained sharply versus the US dollar, putting more pressure on exporters in the world's third-largest economy.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Seoul: Won rises to 3-week high, stocks firm on weak US data

The South Korean won jumped to a three-week high early on Wednesday as downbeat economic data from the world's biggest economy dented already-low chances of the Federal Reserve raising interest rates as early as this month.

The won stood at 1,094.6 as of 0214 GMT, its highest since Aug 16, and up one per cent compared to Tuesday's close at 1,105.2.

The US dollar slumped after a survey showed US services sector activity slowed to a 6-1/2-year low in August amid sharp drops in production and orders, pointing to slowing economic growth.

"All the economic data from the US that came out in September were below expectations. The won will stay strong against the dollar even if Federal Reserve officials keep their hawkish stance," said Park Sung Woo, a foreign exchange analyst at NH Futures.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Hong Kong, Shanghai: Stocks flat in opening trade

Hong Kong stocks opened flat Wednesday as investors took a breather after four days of gains while a surprisingly weak reading on the US services sector further doused expectations for an interest rate hike.

The Hang Seng Index edged up 10.07 points to 23,797.75.

The benchmark Shanghai Composite Index was also barely moved, ticking up 0.62 points to 3,091.33, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, inched down 0.01 points to 2,048.18.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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