Thungen Financial 11th November 2014 - Asian Market Update

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Thungen Financial 11th November 2014 - Asian Market Update

The two largest economies in Asia, China and Japan, were the only real movers today after both countries made announcements that buoyed their respective markets.

In China it was announced yesterday that the trading link between Shanghai and Hong Kong would be live on the 17th November. Last week the news reported that the link had been postponed with no idea of a live date yet the news yesterday see's global investors get access to China's $3.9tn stock markets.

This helped the Hang Seng see minimal gains yet the Shanghai index was almost 1% down after more concerns about China's growth were raised after recent data.

In Japan markets have been having a fantastic run as the Bank of Japan continues to implement policies that will turn their economy around. After last week's announcement that the Central Bank will look to double its State Pensions Allocation of local stocks the Japanese markets the Nikkei had managed to reverse all of its losses from the previous week and today saw another good session.

The Bank of Japan reported they will be securing $331.2mn worth of Exchange Traded Funds. ETF's are what many believe took the globe into financial crisis back in 2008/09 and there are current issues with Central Banks purchasing the very same debt instruments that caused their reason to purchase them. The news however did push the Nikkei 225 up over 2% in intraday trading.

Both Japan and China are being very active, and very vocal about their intentions of dealing with their own economies. China is changing rules and opening up markets along with dealing with corruption and old policies that don't work. Japan is trying to undo years of deflation and rework their ailing social welfare program.

As these two huge economies struggle to deal with their own, very different problems, they are also looking to push Europe, by way of the ECB, to follow suit and inject billions of Euros into the EU in an attempt to stop it from seeing a third recession. Obviously the major economies of the world are intrinsically linked and the pressure being felt in Asia will no doubt start to be passed along to their cousins in Europe very soon.

Major Asian Markets as of 11th November 2014

Nikkei 225 17,124.11 (+2.05%)

Hang Seng 23,779.27 (0.15%)

SSE Comp 2,453.33 (-0.82%)

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DISCLAIMER  The views, opinions, findings, and conclusions or recommendations expressed on this service are those of the author(s) and do not necessarily reflect the views of the Thungen Financial Advisors. All market data within this release is for your general information and enjoys indicative status only. Thungen Financial Advisors does not accept any responsibility for its accuracy or for any use to which it may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data.