13 Nov 2013
Red alert for Asian equities
FXstreet.com (Chicago) – Asian equity markets are all in red with losses across the board on speculations about Fed’s potential tapering due to better than expected job market results in the past two weeks.
In Japan, the Nikkei 225 is 0.15% down. The Australian S&P/ASX 200 is 0.75% down similarly to the Chinese Shanghai Composite down 0.91% along with the Hang Seng down 1.35%. A potential explanation is the disappointing meeting between investors and policy makers in the country on latest economic slowdown with no arrangements or agreements contemplating further action. The Korean Kospi is 0.88% down matched in performance by the Indonesian IDX losing 1.38%. Finally, the Indian S&P CNX Nifty is 1.00% down almost equaling the Sensex that is 1.02% down so far.
In Japan, the Nikkei 225 is 0.15% down. The Australian S&P/ASX 200 is 0.75% down similarly to the Chinese Shanghai Composite down 0.91% along with the Hang Seng down 1.35%. A potential explanation is the disappointing meeting between investors and policy makers in the country on latest economic slowdown with no arrangements or agreements contemplating further action. The Korean Kospi is 0.88% down matched in performance by the Indonesian IDX losing 1.38%. Finally, the Indian S&P CNX Nifty is 1.00% down almost equaling the Sensex that is 1.02% down so far.