Morning Brief Archives - The Trading Room

Asian Markets Mostly High; Alibaba Soars Following Jack Ma’s First Public Re-Appearance

Morning Brief

Stocks in major Asia-Pacific markets were mostly higher on Wednesday, with Hong Kong-listed shares of Chinese tech juggernaut Alibaba surging following the reappearance of founder Jack Ma. Shares of Alibaba listed in the city surged 8.52% after Ma appeared in a video posted on Chinese social media addressing rural teachers as part of one of his charity foundation’s …

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Asia – Pacific Stocks Mixed, Hyundai Motors Continues Rally in South Korea

Morning Brief

South Korea’s Kospi led gains among the region’s major markets, rising 2.61% to close at 3,092.66 as shares of automaker Hyundai Motor surged 8.51%.

Asian Markets Mixed; Samsung Shares Plunge on KOSPI as News of VP Jailed Hits Markets

Morning Brief

Mainland Chinese stocks were higher on the day, with the Shanghai composite up 0.84% to 3,596.22 while the Shenzhen component advanced 1.58% to 15,269.27. The Hang Seng index in Hong Kong rose 0.87%, as of its final hour of trading.

Asian Markets Trade Lower led by Hong Kong Plunge

Morning Brief

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.409 following an earlier low of 90.223

Asian Markets Trade Mixed as China Releases December Trade Data; Coronavirus Numbers Worrying

Morning Brief

China’s exports rose 18.1% in December as compared with a year earlier, according to customs data released Thursday.

Asia – Pacific Markets Mixed on Concerns over Resurgence of Coronavirus Strain

Morning Brief

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 89.90 following an earlier high of 90.037

Asia – Pacific Markets Mixed as Japanese Stocks Advance

Morning Brief

MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.26%.

Asian Markets Dip as Investors Worry on NYSE Delistings of China Telco Firms.

Morning Brief

Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures down 1.3% to $55.26 per barrel. U.S. crude futures dipped 0.86% to $51.79 per barrel.

Asian – Pacific Stocks Rise as Hyundai Motor Soars 19.42% on Apple Deal

Morning Brief

The Japanese yen traded at 103.93 per dollar after weakening from levels below 103.2 against the greenback yesterday. The Australian dollar changed hands at $0.7762, having seen levels above $0.78 earlier this week.

Asia – Pacific Stocks Follow Wall Street in Rally, Chinese Telco’s Fall on NYSE Delisting

Morning Brief

Mainland Chinese stocks saw gains on the day, with the Shanghai composite up 0.71% to 3,576.20 and the Shenzhen component rising 1.111% to 15,356.40. Hong Kong’s Hang Seng index lagged the region’s major markets as it dipped 0.52% to close at 27,548.52.

Asian Markets Mixed as Chinese Tech Stocks Follow Wall Street Rally

Morning Brief

Markets across Asia-Pacific were mixed on Wednesday, as developments turned the focus on Chinese tech giants and regional energy stocks. Shares of Chinese tech giants Tencent and Alibaba were monitored by investors on Wednesday after U.S. President Donald Trump signed an executive order banning transactions with eight Chinese software applications. That included WeChat Pay and Ant Group’s Alipay. The order is …

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Asia – Pacific Stocks Soar as NYSE Halts Plans to De-List Chinese Telco Firms Excites Investors

Morning Brief

Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures down 0.12% to $51.03 per barrel. U.S. crude futures were little changed at $47.61 per barrel.

Asian Markets Rise on New Year Trading Backed by Strong China Economic PMI

Morning Brief

Mainland Chinese stocks rose on the day: The Shanghai composite gained 0.86% to 3,502.96 while the Shenzhen component soared 2.466% to 14,827.47.

Asian Markets Mostly Higher as Markets Close Early for New Year’s Eve

Morning Brief

Mainland Chinese stocks surged on the day: the Shanghai composite climbed 1.72% to 3,473.07 while the Shenzhen component gained 1.895% to 14,470.68. The Hang Seng index in Hong Kong advanced 0.31% to 27,231.13.

Asian Markets Follow Wall Street in Decline; Dollar Posts Decline

Morning Brief

China’s 2019 GDP growth was revised downward to 6.0%, according to a statement released Wednesday by the country’s National Bureau of Statistics. That compared against a pre-revision 2019 growth rate of 6.1%.

Asian Markets Mixed as Japan’s Nikkei Rallies to Record High

Morning Brief

Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 0.69% to $51.21 per barrel. U.S. crude futures gained 0.65% to $47.93 per barrel.

Asia Pacific Markets Mixed as China Investigates Alibaba

Morning Brief

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.093 after declining from levels above 90.4 in recent days.

Asian Markets Trade Higher as Alibaba Shares Rally 8% in Hong Kong

Morning Brief

Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 0.29% to $51.35 per barrel. U.S. crude futures advanced 0.25% to $48.24 per barrel.

Asian Markets Trade Higher as South Korea’s LG Electronics Surge 29.61%

Morning Brief

The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 90.445 following an earlier high of 90.666.

Asia-Pacific Stocks Mixed as Investors React to BoJ’s Corporate Financing Statement

Morning Brief

The U.S. dollar index, which tracks the greenback against a basket of its peers, last traded at 89.945 after weakening this week from levels above 90.4.

Asia – Pacific Stocks Rise to Follow Wall Street on Fed Statement

Morning Brief

Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 1.23% to $51.71 per barrel. U.S. crude futures gained 1.34% to $48.46 per barrel.

Asian Markets Trade Higher Following Wall Street Optimism

Morning Brief

The Japanese yen traded at 103.40 per dollar, having seen levels around 104.1 against the greenback yesterday. The Australian dollar was at $0.7565 after trading at levels around $0.751 yesterday.

Asia – Pacific Stocks Decline as Investors Worry on Rising Global Coronavirus Numbers

Morning Brief

The Japanese yen traded at 104.05 per dollar after seeing levels below 103.8 against the greenback yesterday. The Australian dollar changed hands at $0.7526 following levels above $0.756 seen yesterday.

Asian Markets Trade Higher as Investors React to BoJ’s Quarterly Tankan Survey

Morning Brief

shares in Australia edged higher, with the S&P/ASX 200 up around 0.5%. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.15%.

Asian Markets Trade Mixed as Australia and Japan Struggle for Gains

Morning Brief

Oil prices rose during Asia trading hours on Friday: U.S. crude futures were up 0.73% at $47.12 a barrel. Global benchmark Brent rose 0.72% to $50.61.

Asian Markets Follow Wall-Street in Losses After Stimulus Talks Halted

Morning Brief

The U.S. dollar index, which measures the greenback against a basket of its peers, traded near flat at 91.058.

Asian Markets Mostly Higher; Oil Reverses Losses,Gains

Morning Brief

The Japanese yen changed hands at 104.20 per dollar, staying relatively flat. Elsewhere, the Australian dollar ticked up 0.47% to $0.7446.

Asia – Pacific Stocks Mixed as Investors Watch on Post-Brexit Deal

Morning Brief

Elsewhere, the Japanese yen changed hands at 104.10 per dollar, weakening from an earlier level around 103.94, while the Australian dollar fell 0.18% to $0.7407.

Asian Stock Markets Trade Mixed; Japan & Hong Kong Lead Decline

Morning Brief

In the currency market, the U.S. dollar traded at 90.851 as of 3:34 p.m. HK/SIN against a basket of its peers. The dollar index fell from levels near 91.80 last week but climbed from an earlier session low of around 90.688.

Asia – Pacific Stocks Mixed as SMIC Shares Drop on U.S Blacklisting

Morning Brief

The Japanese yen traded at 103.86 per dollar after strengthening sharply yesterday from levels above 104 against the greenback. The Australian dollar changed hands at $0.7433, having risen from levels below $0.74 earlier in the trading week.

Asian Markets Advance as Investors Analyze Caixin/Markit Purchasing Managers’ Index

Morning Brief

Oil prices dipped in the afternoon of Asia trading hours, with international benchmark Brent crude futures fractionally lower at $48.21 per barrel. U.S. crude futures slipped 0.13% to $45.22 per barrel.

Asian Markets Mixed as Australia’s GDP Beats Expectations, Positive Coronavirus Vaccine News

Morning Brief

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.149 following a decline earlier this week from levels above 91.5.

Asian Markets Higher as Investors React to China – Australia Trade Tarif Wars

Morning Brief

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.757 after seeing an earlier high of 91.945.

Asian Markets Trade Lower on Monday as Investors React to China’s November PMI Data

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The Japanese yen traded at 103.97 per dollar after strengthening from levels above 104.4 against the greenback last week. The Australian dollar changed hands at $0.7379, having risen from levels below $0.732 in the previous week.

Asian Markets Unchanged as China October Industrial Output Rose 28.2%

Morning Brief

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.915 following its decline earlier this week from levels above 92.4.

Asian Markets Mixed as JD Health Listing in Hong Kong Set to Raise $3 Billion

Morning Brief

Following that announcement, the Korean won traded at 1,104.90 per dollar, as compared to an earlier low of 1,107.30 against the greenback.

Asian Markets Mixed as Oil Gains on Demand, Gold Slips

Morning Brief

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.96 after seeing levels above 92.4 earlier in the week.

Asia-Pacific Stocks Rise as Investors Watch for Coronavirus Developments.

Morning Brief

Oil prices were higher in the afternoon of Asia trading hours, as international benchmark Brent crude futures rose 1.27% to $45.53 per barrel. U.S. crude futures added 1.08% to $42.88 per barrel.

Asia-Pacific Stocks Mixed as Investors Worry on Economic Impact of COVID-19

Morning Brief

The dollar index, which measures the U.S. dollar against a basket of its peers, last traded at 92.213, declining from an earlier high of 92.346. The index retreated from levels near 93.00 in the previous week.

Asian-Pacific Stocks Mixed as U.S Dollar Gains, Oil Adds Losses

Morning Brief

The Japanese yen traded near flat at 103.86 against the greenback while the Australian dollar changed hands at $0.7292, dropping from earlier levels around $0.73.

Asian Markets Trade Lower as Coronavirus Scare Sweeps Through Global Markets

Morning Brief

The Japanese yen strengthened further in the afternoon, last trading at 103.85 per dollar, as compared to levels above 104.5 earlier. The Australian dollar was at $0.7308 against the dollar, firming from earlier levels.

Asia-Pacific Stocks Mixed as Moderna’s Vaccine News Sends Airline Stocks Soaring

Morning Brief

The Japanese yen traded at 104.52 against the greenback, a touch firmer as compared to Monday. The Australian dollar was at 0.7303 against the dollar, strengthening from the 0.72 mark yesterday.

Asian Markets Rise as Countries in Region Sign World’s Largest Trade Alliance

Morning Brief

Hong Kong’s Hang Seng index rose 0.58% in the afternoon. Casino and finance stocks listed in the city were going strong. Standard Chartered was up 4.80%, while HSBC bounced 3.49%.

Asian Markets Mixed; Tencent Shares in Hong Kong Rise on 80% Jump on Quarterly Earnings

Morning Brief

The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 92.914 following its rise this week from levels below 92.8.

Asian Markets Mixed in Trades as Oil Inches Higher.

Morning Brief

In Japan, Softbank Group shares jumped 1.49%. Game maker Nintendo also surged 4.3%. Over in South Korea, Kakao’s stock gained 0.56%.

Asia Pacific Stocks Follow Wall Street in Decline Led by Chinese Tech Stocks

Morning Brief

Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 2.45% to $44.68 per barrel. U.S. crude futures added 2.59% to $42.43 per barrel.

Asian Markets Soar; Led by Airline Stocks as Investors React to Positive News on Coronavirus Vaccine

Morning Brief

The Japanese yen traded at 105 per dollar after weakening sharply from levels below 104.3 against the greenback yesterday. The Australian dollar changed hands at $0.7288 following its rise last week from levels below $0.72.

Asian Markets Jump; Oil Prices Surge as Investors React to Biden’s Win

Morning Brief

Former U.S. vice president Biden won following his projected win in the states of Pennsylvania as well as Nevada, according to NBC News projections on Saturday. Still, Trump is refusing to concede the election, claiming it’s “far from over.”

Asian Markets Mixed as Investors Watch For the U.S. Election Results

Morning Brief

The Japanese yen traded at 103.46 per dollar, having strengthened from levels above 104.4 against the greenback this week.

Tech Shares Rally in Asian Markets as Investors Wait for U.S. Election Result

Morning Brief

Oil prices were lower in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 1.7% to $40.53 per barrel. U.S. crude futures also slipped 1.71% to $38.48 per barrel.

Asian Markets Higher as Alibaba Slips on Supension of Ant Group IPO

Morning Brief

The Japanese yen, often seen as a safe-haven currency, traded at 104.94 per dollar after seeing an earlier high of 104.35 against the greenback.

Asia-Pacific Markets Jump Ahead of U.S. Election as RBA Reduces Cash Rate Target

Morning Brief

Hong Kong’s Hang Seng index led gains among the region’s major markets as it jumped more than 2%, as of its final hour of trading. Shares of life insurer AIA soared more than 6%.

Asian Markets Trader Higher as Data Shows China’s Manufacturing Activity Grew in October

Morning Brief

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 94.114 after rising from levels below 93 late in October.

Asian Stock Markets Decline as Oil Prices Rise on Afternoon Trades

Morning Brief

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.793 after rising from levels below 93.5 this week.

Asia Pacific Stocks Post Decline as Australian Market Leads in Losses

Morning Brief

The Australian dollar changed hands at $0.7065 after yesterday’s sharp drop from above $0.712.

Asia-Pacific Stocks Mixed as Oil Prices Post Further Decline

Morning Brief

Investor sentiment on Wednesday was likely impacted by the rising number of Covid-19 cases in the U.S.

Asian Markets Mixed as Ant Group Set’s Price for Debut IPO

Morning Brief

Oil prices were higher in the afternoon of Asian trading hours, with international benchmark Brent crude futures up 0.74% to $40.76 per barrel. U.S. crude futures also gained 0.73% to $38.84 per barrel.

Asian Markets Mixed as Coronavirus Cases Globally Surge

Morning Brief

MSCI’s broadest index of Asia-Pacific shares outside Japan traded above the flatline. The Hong Kong market is closed on Monday for a holiday.

Asian Markets Decline as Coronavirus Concerns take Centre Stage

Morning Brief

In Japan, the Nikkei 225 rose 0.18% to close at 23,516.59 while the Topix index advanced 0.34% to finish its trading day at 1,625.32. South Korea’s Kospi also rose 0.24% to close at 2,360.81.

Asian Markets Mixed as Oil Drops a further 1% to $42.72

Morning Brief

Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures down about 1% to $42.72 per barrel. U.S. crude futures shed 0.91% to $41.32 per barrel.

Asian Markets Mixed as PBoC Keeps Benchmark Lending Rate Unchanged

Morning Brief

The Japanese yen traded at 105.49 per dollar following an earlier low of 105.61 against the greenback while the Australian dollar changed hands at $0.7038 after slipping from levels above $0.71 yesterday.

Asian Markets Mixed as China Posts GDP Jump for Third-Quarter

Morning Brief

South Korea’s Kospi also advanced 0.22% to close at 2,346.74. Meanwhile, shares in Australia rose on the day, with the S&P/ASX 200 up 0.85% to 6,229.40.

Asian – Pacific Stocks Decline, Following Wall-Street and Coronavirus Fears

Morning Brief

Stocks across Asia-Pacific were mostly down by the close on Friday, amid dampened sentiment on the coronavirus front. Meanwhile, the U.S. dollar strengthened as uncertainty rose with investors flocking to the haven currency. Mainland Chinese stocks were mixed by the close, with the Shanghai composite up 0.13% to 3,336.36, while the Shenzhen component declined 0.68% …

Asian – Pacific Stocks Decline, Following Wall-Street and Coronavirus Fears Read More »

Asian Markets Mostly Down, Australia Posts Higher Unemployment Rate

Morning Brief

The Japanese yen traded at 105.23 per dollar, having strengthened from levels above 105.3 against the greenback yesterday. The Australian dollar changed hands at $0.7098 following levels above $0.72 seen earlier this week.

Asia-Pacific Stocks Mostly Lower, Shenzhen Slips on Xi Jinping’s Speech

Morning Brief

Oil prices edged lower in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 0.28% to $42.33 per barrel. U.S. crude futures also shed 0.32% to $40.07 per barrel.

Asian Markets Gain as Hong Kong Suspends Trading on Typhoon Nangka

Morning Brief

The Japanese yen traded 105.38 per dollar after strengthening from levels around 105.6 against the greenback yesterday. The Australian dollar was at $0.7177, still above levels below $0.715 seen last week.

Asian-Pacific Stocks Rise as Yuan Slides on PBoC new Regulations

Morning Brief

National Australia Bank’s Tapas Strickland said the moves in the yuan were likely driven by the rule change “which makes it less expensive to short the (Chinese yuan) and signals less (concern) about currency weakness.”

Markets in Asia Up as Chinese Markets Reopen After One Week Holiday

Morning Brief

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.377 after seeing an earlier low of 93.331.

Asian Markets Shares Mostly Higher; SMIC Shares in Hong Kong Slide

Morning Brief

The Japanese yen traded at 105.98 per dollar after an earlier low of 106.10 against the greenback. The Australian dollar was at $0.7162 following an earlier low of $0.712.

Asian Markets Mostly Higher Despite Trump’s Sentiments on Stimulus Negotiations

Morning Brief

The moves came as investors reacted to Trump’s move to halt stimulus talks.