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Tuesday, 8 March 2016

CAPITAL STROKE UPDATE: ASIAN MARKETS 9-Mar-2016

Asian shares stepped back further from two-month highs on Wednesday as a retreat in oil prices and weak Chinese trade data revived concerns about the health of the global economy. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.2 percent in early trade, shedding 1.4 percent from its two-month high hit on Monday. Japan’s Nikkei fell 1.0 percent in morning trade. S&P 500 Index lost 1.12 percent to 1,979.26 while the tech-heavy Nasdaq dropped 1.26 percent to 4,648.83. Also casting a shadow on markets, China’s February trade performance was far worse than economists had expected, with exports tumbling the most in over six years. Exports dived 25.4 percent from a year earlier on depressed demand in all of China’s major markets, while imports slumped 13.8 percent, the 16th straight month of decline. For more details visit: http://www.capitalstroke.com/ or contact on +91 - 9770570009

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