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Wednesday, 21 January 2015

CAPITAL STROKE UPDATE: ASIAN MARKETS 22-January-2015



Capital Stroke : Asian Markets

Asian stock markets started Thursday on a positive note, following an inspiring lead from Wall Street

overnight amid bets that the European Central Bank (ECB) will launch an aggressive stimulus package at

today’s policy meeting.

Supported by a slightly weaker yen, Japan’s key Nikkei 225 index edged up in early trade. The local

currency traded at 118.07 against the US dollar, compared to Wednesday’s close of 117.93.

Toyota Motor was in focus after forecasting lower vehicle sales for 2015 as demand slumped in Japan,

China, Indonesia and other key markets. Shares of the world’s top-selling automaker inched up 0.1

percent at the open, while other carmakers like Nissan and Honda crept up 0.5 and 0.2 percent. Suzuki

Motor underperformed with a loss of 1.2 percent.

South Korean shares were higher early Thursday, with index heavyweights leading the way. Samsung

Electronics, the heaviest weighted stock on the Kospi index, opened up 0.1 percent while steelmaker

Posco tacked on 2 percent.

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