17 Oct 2013
Uncorrelated risk adverse behavior’s back in Asian equity results
FXstreet.com (Chicago) – The US agreement continues making deals with the latest announcements explaining how the debt ceiling will be postponed until February 15th along the opening of the government firmed until one month before deadline.
In Asia, equities are mixed indicating the potential of uncorrelated movements after days of unison rhythm on worries about the US default. Now that it all seems up and running – despite comments indicating the contrary – markets printing losses are the Indonesian IDX down 0.61%, the Indian Sensex down 0.29% along the S&P CNX Nifty retracing 0.39%. Winners are the Japanese Nikkei up 1.20%, the Australian S&P/ASX 200 up 0.39%, the Chinese Shanghai index up 0.39% along the Hang Seng 40 up 0.36% to finalize with the Korean Kospi up 0.37%.
In Asia, equities are mixed indicating the potential of uncorrelated movements after days of unison rhythm on worries about the US default. Now that it all seems up and running – despite comments indicating the contrary – markets printing losses are the Indonesian IDX down 0.61%, the Indian Sensex down 0.29% along the S&P CNX Nifty retracing 0.39%. Winners are the Japanese Nikkei up 1.20%, the Australian S&P/ASX 200 up 0.39%, the Chinese Shanghai index up 0.39% along the Hang Seng 40 up 0.36% to finalize with the Korean Kospi up 0.37%.