22 Aug 2013
Comeback attempt, losses persist
FXstreet.com (Chicago) – The Nikkei 225 bounced off from -1.30% depths back to 0.09% positive zone post Chinese manufacturing data release but failed to sustain gains falling back to the negatives at -0.05%.
The Shanghai Composite trades the strongest at 0.13% after positive manufacturing data in China revealed economic expansion with a HSBC Manufacturing index up to 50.1 vs. expected 48.3. The Hang Seng remains down 0.28% along the Australia ASX All Ordinaries down 0.56% so far.
Concerns on Fed’s tapering linger as the FOMC minutes did not provide enough information or conclusive remarks on when and for how much the stimulus will be reduced. Nonetheless, speculations continue affirming potential tapering is due soon.
The Shanghai Composite trades the strongest at 0.13% after positive manufacturing data in China revealed economic expansion with a HSBC Manufacturing index up to 50.1 vs. expected 48.3. The Hang Seng remains down 0.28% along the Australia ASX All Ordinaries down 0.56% so far.
Concerns on Fed’s tapering linger as the FOMC minutes did not provide enough information or conclusive remarks on when and for how much the stimulus will be reduced. Nonetheless, speculations continue affirming potential tapering is due soon.