Epic Asian Markets Update

Asian markets erased opening gains on Monday on concerns about US default escalated after the latest comments from politicians showed no signs of progress to resolve the budget standoff. Japan’s Nikkei gave up early gains, hitting a new one-month low for a second straight session as a stronger yen continued to hurt sentiment. It was down 0.47 percent or 65.70 points at 13,958.61 at 7:32 am (IST). Meanwhile, Hong Kong’s Hang Seng slipped 0.95 percent or 219.36 points at 22,919.18. Singapore’s Straits Times and South Korea’s Seoul Composite were flat at 3,137.43 and 1,995.60, respectively. Taiwan’s Taiwan Weighted too was flat at 8,358.23. Chinese equity market is shut today.
 
Epic US Markets Update


The S&P 500 ended near its lows of the session in a volatile day and dropped for its 10th time in the past 13 sessions. The CBOE Volatility index, a measure of investor anxiety, jumped 16 percent to its highest level since June. The VIX has gained for three weeks, up 48 percent over that period.

The Dow Jones industrial average was down 136.34 points, or 0.90 percent, at 14,936.24. The Standard & Poor%u2019s 500 Index was down 14.38 points, or 0.85 percent, at 1,676.12. The Nasdaq Composite Index was down 37.38 points, or 0.98 percent, at 3,770.38.
 
Epic Asian Markets Update

Asian stocks erased early losses on Wednesday after the White House said President Obama will announce Janet Yellen as the next chair of the Federal Reserve. China%u2019s Shanghai Composite shed 0.12 percent or 2.60 points at 2,195.60. Hong Kong%u2019s Hang Seng declined 0.66 percent or 153.93 points at 23,024.92. Japan%u2019s Nikkei was down 0.20 percent or 27.33 points at 13,867.28. Singapore%u2019s Straits Times was up 0.18 percent or 5.59 points at 3,152.09. South Korea%u2019s Seoul Composite rose 0.42 percent or 8.34 points at 2,002.76. Taiwan%u2019s Taiwan Weighted was down 0.14 percent or 11.54 points at 8,364.11.
 
Epic Asian Markets Update

Asian equity markets were mostly higher on Thursday following a positive handover from Wall Street and as hopes grew for a break in Washington%u2019s political impasse. Japan%u2019s Nikkei rose 0.79 percent or 111.32 points at 14,149.16. Singapore%u2019s Straits Times added 0.38 percent or 11.87 points at 3,166.71. South Korea%u2019s Seoul Composite was up 0.12 percent or 2.46 points at 2,005.22. Hong Kong%u2019s Hang Seng was flat at 23,036.85. China%u2019s Shanghai Composite shed 0.22 percent or 4.76 points at 2,207.01. Taiwan%u2019s Taiwan Weighted shut today.
 
Epic Asian Markets Update

Asian shares rose to their highest in nearly five months on expectations of an imminent deal to reopen the US government and avert a possible debt default, though the squabbling in Washington kept markets on edge ahead of Thursday’s deadline, reported Reuters. Hong Kong’s Hang Seng rose 0.70 percent or 161.41 points at 23,379.73 and Japan’s Nikkei gained 0.37 percent or 53.60 points at 14,458.34. South Korea’s Seoul Composite added 0.90 percent or 18.14 points at 2,038.41 and Taiwan’s Taiwan Weighted was up 0.80 percent or 66.46 points at 8,340.42. China’s Shanghai Composite was flat at 2,237.26. Singapore’s Straits Times shut today.
 
Epic Asian Markets Update

Asian stocks rose on Wednesday after a weak US September jobs report solidified expectations that the Federal Reserve would keep its monetary stimulus in place for now.

Japan%u2019s Nikkei lingered near a one-month high at 14,734.92 and South Korea%u2019s Kospi rose to a two-year peak at 2,056.62 .

China%u2019s Shanghai Composite rose 0.44 percent or 9.73 points at 2,220.38 and Hong Kong%u2019s Hang Seng added 0.54 percent or 126.48 points at 23,442.47. Singapore%u2019s Straits Times gained 0.50 percent or 15.98 points at 3,226.19, while Taiwan%u2019s Taiwan Weighted was flat at 8,419.72.
 
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