Forex Marketz Daily Forex News – Fully Markets Update
Most of the Asian and Pacific Rim was shuttered for the Christmas holiday as investors took a day to be with family. The markets in Hong Kong, New Zealand and Australia were all closed as were several other countries in the Asian area.
The Asian benchmark, in Japan, the Nikkei 225 index was slightly lower on thin trade volume. Shares of Nissan after news that an executive in the company was tasked with trying to repair the troubled automaker.
As of 1:20 am GMT, the Nikkei 225 was down 0.9 percent to trade at 23,809.12. In Tokyo, the broader Topix index lost over a quarter of a percent.
Also closed for the Christmas holiday were the financial markets in South Korea.
The Nikkei 225 is trading close to a 14 month high price point at 24,091. This was last seen last week thanks to a rally. This rally came from traders who were more optimistic on the global economic outlook as trade talks between China and the United States continue.
As there are no market moving events on the economic calendar, and trade volume is extremely light, headlines were the key for any price moves.
Asian Markets in China Trade around the Flat Line
The mainland financial equity markets in China were open today as they traded quietly around the flat line. They had recovered on Tuesday after falling lower the day before.
The headline Shanghai composite, by noon time, was trading flat. Shares on the smaller Shenzhen composite were up 0.16 percent. Shares on the Shenzhen component edged up 0.44 percent to lead the region.
In corporate headlines, out of China, the Beijing to Shanghai High Speed Railway has just issued their prospectus for their initial public offering (IPO). Their IPO will debut shortly and will be the largest new offering of a company,in China, in nearly a decade.
