CAPITAL STROKE UPDATE: ASIAN MARKETS 22-Apr-2016

Asia markets opened lower on the final trading day of the week, following losses in US stocks overnight as telecoms led declines amid the latest batch of earnings. The Australian ASX 200 was down 0.64 percent, led by steep declines in the energy, materials and financials subindexes. In Japan, the Nikkei 225 halted its three-day advances to trade down 0.28 percent. Across the Korean Strait, the Kospi was down 0.38 percent. The Japanese yen remained at the 109 handle to the dollar, with the pair trading at 109.37, following an overnight finish at 109.44. Major Japanese exporters were mixed, with shares of Toyota up 0.1 percent, Nissan down 0.14 percent and Honda shedding 0.22 percent. Usually a relatively weaker yen is a positive for exporters as it increases their overseas profits when converted into local currency. For more details visit: http://www.capitalstroke.com/ or contact on +91 - 9770570009