Epic Research Update : Asian Markets

China’s surprise interest rate cut on Friday spurred Asian indices on Monday, mirroring a positive session on Wall Street.

China’s Shanghai Composite advanced 0.72 percent or 17.83 points at 2,504.62.

Hong Kong’s Hang Seng gained 1.70 percent or 398.52 points at 23,835.64.

Singapore’s Straits Times rose 0.23 percent or 7.60 points at 3,352.92.

South Korea’s Seoul Composite added 0.70 percent or 13.85 points at 1,978.69.

Taiwan’s Taiwan Weighted gained 0.46 percent or 41.74 points at 9,133.27.

Japan’s Nikkei shut today.
 
Gross domestic product (GDP) in the US was revised up to 3.9 percent from 3.5 percent in the July-September period, data showed on Tuesday. That offset a separate report showing an unexpected drop in consumer confidence in November. Wall Street shares ended flat despite the positive GDP report.

China%u2019s Shanghai Composite added 0.79 percent or 20.18 points at 2,587.78.

Hong Kong%u2019s Hang Seng was flat at 23,855.78. Japan%u2019s Nikkei was down 0.23 percent or 39.41 points at 17,368.21.

Singapore%u2019s Straits Times shed 0.36 percent or 12 points at 3,332.99.

South Korea%u2019s Seoul Composite was flat at 1,980.19.

Taiwan%u2019s Taiwan Weighted was up 0.20 percent or 18.33 points at 9,134.57.
 
Asian stocks were mostly higher on Thursday following a record close on Wall Street, but Japanese markets continued underperforming due to a stronger currency.

China%u2019s Shanghai Composite added 0.63 percent or 16.39 points at 2,620.74.

Hong Kong%u2019s Hang Seng was up 0.13 percent or 31.48 points at 24,143.46.

South Korea%u2019s Seoul Composite advanced 0.45 percent or 8.91 points at 1,989.75.

Taiwan%u2019s Taiwan Weighted rose 0.64 percent or 58.35 points at 9,180.74.

Japan%u2019s Nikkei shed 0.28 percent or 48.14 points at 17,335.44.

Singapore%u2019s Straits Times was flat at 3,352.27.
 
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