Slumped Asian equity indexes

FXstreet.com (Chicago) – A red flood of losses in Asia, driven by disappointing corporate earnings, closes Friday’s journey – at the moment.

In Japan, the Nikkei 225 retraces 1.11% similarly to the Korean Kospi down 1.06%. China joins the party with the Shanghai Composite retracing 0.47% and the Hang Seng 40 0.32%. Indonesia shifts from green to red to decay 0.23% while in India the S&P CNX Nifty is down 0.23% and the Sensex loses 0.20%. The only index printing gains in the region is the Australian S&P/ASX 200 up 0.37%.

Flash: China has significant amount of growth potential - NAB

The Chinese economy is in a key transitional phase in its development, with Economists at NAB providing their take on what lies ahead for the 'Big Panda'.
Baca lagi Previous

USD/SGD creeping higher in wave “c” of “abc” upside correction; target 1.2426

The USD/SGD set a double bottom at 1.2361 Thursday and has thus far managed to work higher off those lows. Singapore’s September Industrial Production figures and US data loom, though.
Baca lagi Next