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07 Feb 2025
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World Economy and Markets
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Axis Direct
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Daily Note
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Asian markets traded mixed as investors await India's interest rate decision and assess Japan's household spending data. The Nikkei traded lower by 0.43%, whereas Hang Seng and Shanghai traded higher by 0.23% and 0.46%, respectively.
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06 Feb 2025
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World Economy and Markets
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Axis Direct
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Daily Note
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Asian markets open higher, tracking gains on Wall Street as investors shrug off a week of trade turmoil and a slew of disappointing U.S. tech earnings. The Nikkei, Hang Seng, and Shanghai traded higher by 0.34%, 0.14% and 0.11%, respectively.
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05 Feb 2025
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World Economy and Markets
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Axis Direct
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Daily Note
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Asian markets rose overnight, shrugging off Trump tariffs and China's retaliation to measures. The Nikkei traded higher by 0.12%, whereas Hang Seng and Shanghai traded lower by 1.27% and 0.35%, respectively.
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04 Feb 2025
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World Economy and Markets
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Axis Direct
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Daily Note
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Asian markets rose after Trump paused tariffs on Mexico for a month, while Canada also stated that the US President had put proposed tariffs on its exports on hold. Nikkei and Hang Seng traded higher by 1.63% and 1.99%, whereas Shanghai traded marginally lower by 0.04%.
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03 Feb 2025
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World Economy and Markets
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Axis Direct
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Daily Note
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Asian Markets begin with heavy losses as all focus is on US President Trump's tariff order against Canada, Mexico and China. Nikkei, Hang Seng, and Shanghai traded lower by 2.45%, 1.83%, and 0.06%, respectively.
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01 Feb 2025
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World Economy and Markets
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Axis Direct
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Daily Note
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Asian markets The Japanese market closed positively after the release of positive Macro data. Nikkei increased by 0.15%. Hong Kong and China markets remained closed for the Lunar New Year holidays.
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30 Jan 2025
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World Economy and Markets
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Axis Direct
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Daily Note
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Asian Markets The Japanese market traded positively, breaking ranks with Wall Street, which declined overnight. Nikkei was up 0.19%. Hong Kong and China markets remained closed for the Lunar New Year holidays.
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29 Jan 2025
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World Economy and Markets
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Axis Direct
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Daily Note
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Asian Markets The Japanese market was trading higher after the Bank of Japan's meeting, which discussed neutral interest rates and monetary policy conduct. Nikkei was trading higher by 0.56%. Hong Kong and China markets were closed for the Lunar New Year Holidays.
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28 Jan 2025
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World Economy and Markets
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Axis Direct
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Daily Note
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Asian markets are trading lower as Wall Street saw a drop in the shares of tech companies. The Nikkei, Hang Seng, and Shanghai are trading lower by 0.52%, 0.07%, and 0.06%, respectively
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27 Jan 2025
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World Economy and Markets
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Axis Direct
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Daily Note
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Asian markets are trading mixed as investors assess China's manufacturing and industrial profit data. Nikkei is trading lower by 0.50%, while Hang Seng and Shanghai are trading higher by 0.80% and 0.43%, respectively.
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