Asian equity markets traded mixed early Wednesday, following a unimpressive lead from Wall Street overnight.
The US major indexes finished 1 percent lower each amid renewed strength in the US dollar and some upbeat data that could bolster the case for a quicker-than-expected rate hike. Wall Street reopened for its first trading day of the week after being closed for Monday's Memorial Day.
Japan's benchmark Nikkei 225 reversed a lower open to hover marginally above the flatline, as the dollar-yen touched 123.28 - the currency pair's highest level since July 2007.
The relatively weak yen ensured a mixed open for export-oriented stocks; Sharp and Toyota Motor opened up 0.6 and 0.4 percent, respectively, but Sony and Nintendo lost over 1 percent each.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
The US major indexes finished 1 percent lower each amid renewed strength in the US dollar and some upbeat data that could bolster the case for a quicker-than-expected rate hike. Wall Street reopened for its first trading day of the week after being closed for Monday's Memorial Day.
Japan's benchmark Nikkei 225 reversed a lower open to hover marginally above the flatline, as the dollar-yen touched 123.28 - the currency pair's highest level since July 2007.
The relatively weak yen ensured a mixed open for export-oriented stocks; Sharp and Toyota Motor opened up 0.6 and 0.4 percent, respectively, but Sony and Nintendo lost over 1 percent each.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment