Japanese stocks rebounded on Friday following a stunning 5 percent dive the day before as the yen resumed its pace of declines and after the latest U.S data eased concerns of an early end to the Federal Reserve’s bond-buying program.
The rest of Asian equities tracked the Nikkei’s gains with Australia’s benchmark index rising from a previous seven-week low and South Korea’s Kospi at a fresh one-month high.
“We’ve had the most intense run-up in Japanese markets and now we are facing volatility. When we look back in a few months’ time, it will seem like a healthy correction,” said Adrian Mowat, managing director, chief Asian and emerging market equity strategist, J.P. Morgan.
Lower-than-expected U.S. GDP figures and rising claims for unemployment benefits reassured investors that the Federal Reserve would not start tapering stimulus anytime soon.
Get OANDA’s exclusive weekly Market Pulse FX
HTMLText
| Email Address: | Preferred Format: |
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
View the original article: http://forexblog.oanda.com/20130530/asian-stocks-rebound-higher/
A quick look on #UCO website will produce a ton of fresh #MLM ideas to help you get more money. Go to http://www.uconnective.com
To Signup you must have a #UCO coin, you can #BUY it with only $3 from ClickAlert or Send e-mail at clickalert@ymail.com or Call/SMS to +1 (202) 599-1808 and start earning $51 per day!
No comments:
Post a Comment