XE Market Analysis: Europe – Sep 30, 2015

A disorderly quarter came, or is coming to, an orderly finale in most Asian markets today, a backdrop that inspired moderate gains in the Aussie dollar and Asian currencies, and moderate losses in the yen. Asian stocks rallied. The Nikkei 225 closed with the solid 2.7% gain and Australia’s ASX 200 with an impressive 1.8% rise, while the Shanghai Composite was showing just over a 1% advance in late PM session. These upward flurries, of course, belie what has been an ugly quarter, with the Nikkei losing 14.9% over the period, its worst quarter since the June 2010 quarter.