Asian equities rally on expectations of further easing – Swissquote
By FXStreet FXStreet (Delhi) – Arnaud Masset, Market Analyst, at Swissquote, notes that the Asian equities rallied today after risk sentiment returned as investors bet on further policy stimulus from Asian central bankers with Japan’s Nikkei rising as much as 7.71% for the day.
Key Quotes
“The US dollar erases previous losses against most G10 currencies while commodity currencies bounce back as investors seek riskier assets.”
“The Japanese Nikkei is the biggest winner in Asia this morning as the index is up 7.71% in Tokyo while the broader Topix index gains 6.40%, erasing most of last week’s losses in just one trading session.”
“In China, mainland shares are also buoyed with the Shanghai Composite gaining 1.32% and the Shenzhen Composite jumping 2.08% as investors bet on further policy stimulus from Asian central bankers.”
“The Hang Seng index is not left out as Hong Kong shares rise 3.72% while in South Korea; the Kospi index reaches a 1-week peak, up 2.96% to 1,934.20 points as August unemployment rates printed well below expectations at 3.6% versus 3.8% median forecast.”
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Source:: FX Street
