Daily News | Rise of Asian stocks

The first piece of news we have to underline in today’s report is the rise of Asian stocks. Although there have been some weaknesses in Hong Kong and China, it seems that the economy is blossoming in South Korea and Taiwan and the result is more than positive for the Asian economy. The most important index of Asia-Pacific shares outside Japan – . MIAPJ0000PUS – rose 0.4 percent. The political situation has also affected the rise of Asian stocks because, for example, a stock analyst at Yuanta Securities Cho Byung-hyun said that Hyundai Motor-related stocks have reacted positively on normalization of relations between Seoul and Beijing. Hong Kong’s Hang Seng index .HSI fell 0.1 percent, and China’s blue chip index fell 0.2 percent.

As for the greenback, it lost 0.4 percent against the yen. Paul Manafort, former Trump campaign manager, was charged with money laundering and this might be one of the reasons of this reaction. Stephen Ines, head of trading in Asia-Pacific for Oanda, said that there were weighing on dollar/yen a little bit and there might be some more uncertainties. As you can see, the situation is quite dynamic and there are many trading options you can try!

Daily News | Trade and practice in peace

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Author: Max Rothstein
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