Taiwan: Stocks hit near two-month lows


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Taiwan stocks hit their lowest in almost two months on Tuesday in volatile trading, tracking declines in some other regional markets, with a recovery in some heavyweights such as TSMC limiting the falls.

The main Taiex index was down 0.14 per cent at 8934.51 at 0315 GMT. It had dipped to as low as 8,885.55 earlier in the session, an intraday level not seen since July 15.

Taiwan’s market sentiment has been cautious, in part prompted by massive foreign selling. The electronics subindex sank 0.3 per cent, while the financials subindex lost 0.7 per cent.

Taiwan Semiconductor Manufacturing Co (TSMC), the world’s top contract chip maker and the market’s most heavily-weighted share, dipped nearly 1 per cent but recovered later.

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Australia: Stronger miners help keep shares steady


Mixed showings among mining and bank stocks kept the Australian share market mostly flat on Friday, with investors shrugging off disappointing financial results.

The S&P/ASX 200 index was 0.16 per cent, or 9 points, higher at 5,516.

Weak oil and gas prices hammered half-year profits at Australia’s Woodside Petroleum and Santos on Friday, but investors sent their shares higher as both companies reported progress on cost-cutting.

Woodside was trading 2 per cent firmer, while Santos gave up its gains and was down 0.2 per cent.

Europe: Stocks climb at open


Europe09452-what-is-forex-headpican stock markets rose at the start of trading on Thursday, with London’s benchmark FTSE 100 index rising 0.2 per cent to 6,873.24 points.

In the eurozone, Frankfurt’s DAX 30 won 0.7 per cent to 10,613.08 points and the CAC 40 in Paris gained 0.5 per cent to open at 4,441.20 compared with the close on Wednesday.

The start was in contrast to Tokyo, whose main index slumped Thursday as fading expectations of an imminent Federal Reserve rate hike sparked a rally in the yen against the dollar, hitting exporters including Toyota and Nissan.

Asia: Most stocks rise after Fed minutes show caution


Most Asian stocks ticked up Thursday, tracking gains on Wall Street after minutes from the Federal Reserve’s July meeting showed caution about raising interest rates, supporting markets.

But Tokyo’s main index sank as the dollar fell against the safe haven Japanese currency, slumping below 100 yen for the second time this week and hitting Japan’s exporters.

US Federal Reserve policy makers last month believed risks to the US economy had lessened but wanted to keep their interest rate policy “options open”, according to minutes released Wednesday, dampening hopes for an imminent rate hike.

The Federal Open Market Committee remained divided on the near-term danger of inflation, with some seeing little threat but others worried that there could be a sudden upward push on prices as the labour market continues to tighten.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : http://www.twitter.com/epicresearchsg Like Us On Facebook : http://www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

China home prices rise 7.9% year on year in July


Average new home prices in China’s 70 major cities rose 7.9 per cent in July from a year earlier, an official survey showed on Thursday.

That compared with a 7.3 per cent increase in June.

Home prices in Shenzhen and Xiamen had the biggest surge, rising 40.9 per cent and 39.2 per cent, respectively, from a year ago.

The booming property market has been a key driver of China’s economic growth in the first half of the year as weak demand at home and abroad continue to take a toll on trade and investment.

But concerns are growing that the property rebound may be coming to an end as local governments tighten restrictions on home purchases to cool sharp price rises, which are sparking fears of asset bubbles.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : http://www.twitter.com/epicresearchsg Like Us On Facebook : http://www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

SGX Comex Recommendations : Epic Research Singapore


 

INTERNATIONAL COMMODITY NEWS :
Gold futures plunged to six-year lows amid a stronger dollar, as traders brace for a likely interest rate hike by the Federal Reserve next month in a major policy shift that could dampen long-term optimism for the precious metal. On the Comex division of the New York Mercantile Exchange, gold for December delivery traded in a broad range between $1,051.20 and $1,072.60 an ounce, before settling at $1,057.10, down 12.90 or 1.21% on the session

TRADING STRATEGY :

BUY GOLD ABOVE 1065 TARGET 1070 1076 SL 1059
SELL GOLD BELOW 1055 TARGET 1050 1044 SL 1061

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : http://www.twitter.com/epicresearchsg Like Us On Facebook : http://www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

Gasoline Market Update : Epic Research Singapore


Nymex reformulated gasoline blendstock for December RBZ5, +2.01% the benchmark gasoline contract, ended 2.81 cents higher, a gain of 2.3%, at $1.2661 a gallon. December natural gas futures NGZ15, -0.38%  fell 2.4 cents, or 1%, to $2.347 per million British thermal units.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : http://www.twitter.com/epicresearchsg Like Us On Facebook : http://www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg