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Thursday, 7 January 2016

CAPITAL STROKE UPDATE: ASIAN MARKETS 7-Jan-2016

Capital Stroke : Asian Markets China’s stocks were suspended from all trade on Thursday after the CSI300 tumbled more than 7 percent in early trade, triggering the market’s circuit breaker for a second time this week. In Japan, major exporters such as Toyota, Nissan and Sony traded down between 0.5 and 4.49 percent. Exporters can be hit when the yen strengthens as it weighs on repatriated earnings. The Japanese yen, considered a safe-haven currency, traded slightly lower against the dollar from the previous session, with the dollar-yen pair at 118.57. In Korea, the tech sector saw some early losses with shares of Samsung Electronics, Samsung SDI and SK Hynix in the red. South Korean defense stocks, which saw sharp upticks in the previous session following reports of North Korea’s purported nuclear test traded lower, falling between 3.33 and 7.5 percent. For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704

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