20 Nov 2013
Inconsistent results in Asian equities
FXstreet.com (Chicago) – Equities in Asia print mixed results on a journey where market participants digest Bernanke’s earlier comments on the US economy.
Bernanke said the bond-buying program will continue until results do not step up to expectations in terms of economic results implying the US interest rates will remain low until no further improvements are made.
In Japan the Nikkei 225 retraces 0.13% similarly to the Australian S&P/ASX 200 down 0.99% and the Korean Kospi down 0.54%. On the other hand, winning equity markets are the Shanghai Composite 0.03% stronger, the Hang Seng advancing 0.24%, the Indonesian IDX gaining 0.11% so far, and the Indian S&P CNX Nifty up 0.23% with the Sensex 0.19% stronger.
Bernanke said the bond-buying program will continue until results do not step up to expectations in terms of economic results implying the US interest rates will remain low until no further improvements are made.
In Japan the Nikkei 225 retraces 0.13% similarly to the Australian S&P/ASX 200 down 0.99% and the Korean Kospi down 0.54%. On the other hand, winning equity markets are the Shanghai Composite 0.03% stronger, the Hang Seng advancing 0.24%, the Indonesian IDX gaining 0.11% so far, and the Indian S&P CNX Nifty up 0.23% with the Sensex 0.19% stronger.