- Equity markets in general across the region greeted the US Election result positively, trading higher throughout the day.
- China had some very strong data out with Exports jumping +12.7% for October and the trade balance hitting $95bn.
- This saw all of China’s major bourses up with CSI 300 +0.70%, Hang Seng +1.05%, Shanghai +.85% and Shenzhen +0.95%.
- Singapore was the star performer with the FTSE Straits Times up over 2%.
- In Korea, the KOSPI reacted too to the moves in China with the KOSPI up +0.50%.
- However for Malaysia and Indonesia, their fortunes were different both down on the day with the FTSE Malay KLCI down -0.55% and the Jakarta Comp -1.0%.
- The other underperformer on the day was the Philippines which fell -2.7% after data out saw GDP for the third quarter missing expectations.
- With India just opening, it is starting off on a weaker note down -0.22%.
ASIA STOCKS: China Equity Markets Soar, Some SE Asian Markets Lagging.
Last updated at:Nov-07 04:11By: Jamie Grant
Stocks+ 1
- Equity markets in general across the region greeted the US Election result positively, trading higher throughout the day.
- China had some very strong data out with Exports jumping +12.7% for October and the trade balance hitting $95bn.
- This saw all of China’s major bourses up with CSI 300 +0.70%, Hang Seng +1.05%, Shanghai +.85% and Shenzhen +0.95%.
- Singapore was the star performer with the FTSE Straits Times up over 2%.
- In Korea, the KOSPI reacted too to the moves in China with the KOSPI up +0.50%.
- However for Malaysia and Indonesia, their fortunes were different both down on the day with the FTSE Malay KLCI down -0.55% and the Jakarta Comp -1.0%.
- The other underperformer on the day was the Philippines which fell -2.7% after data out saw GDP for the third quarter missing expectations.
- With India just opening, it is starting off on a weaker note down -0.22%.
