Why a top currency strategist decided now is the time to sell the dollar

U.S. dollars are counted by a at a bank in Westminster, Colorado. Rick Wilking | Reuters Top currency strategist Jens Nordvig said he has exited his long positions in the dollar and is looking for opportunities to short it, particularly against emerging market currencies. Source link

Asia-Pacific stocks mixed; China’s trade data for September ahead

SINGAPORE — Shares in Asia-Pacific traded mixed on Wednesday morning as investors in Asia-Pacific looked ahead to the release of Chinese trade data for September. In Japan, the Nikkei 225 slipped 0.18% while the Topix index dipped 0.28%. Mainland Chinese stocks were mixed, with the Shanghai composite fractionally lower while the Shenzhen component rose 0.398%. … Read more

Asia-Pacific stocks slip; South Korea’s markets closed for holiday

SINGAPORE — Shares in Asia-Pacific slipped in Monday morning trade as investors watched for market reaction to Friday’s big miss in U.S. jobs data. In Japan, the Nikkei 225 slipped 0.53% while the Topix index sat below the flatline. Elsewhere, shares in Australia slipped, with the S&P/ASX 200 down 0.94%. MSCI’s broadest index of Asia-Pacific … Read more

Japan’s Nikkei 225 falls 2%; Asia-Pacific investors keeping a close watch on Evergrande

SINGAPORE — Shares in Asia-Pacific declined in Tuesday morning trade as investors continue to monitor the situation surrounding embattled developer China Evergrande Group. Japanese stocks declined as they returned to trade following a Monday holiday. The Nikkei 225 dropped 1.97% while the Topix index shed 1.68%. Hong Kong’s Hang Seng index, which was dragged down … Read more

Asia-Pacific stocks mixed; China’s trade data for August ahead

SINGAPORE — Shares in Asia-Pacific were mixed in Tuesday morning trade as investors look ahead to the release of Chinese August trade data, as well as the Reserve Bank of Australia’s rate decision. The Nikkei 225 in Japan rose 0.85% while the Topix index advanced 0.88%, with shares in the country continuing to trek upward … Read more

Asia-Pacific stocks rise; Meituan earnings ahead

SINGAPORE — Shares in Asia-Pacific rose in Monday morning trade as investors look ahead to the release of Chinese food delivery giant Meituan’s earnings. In Japan, the Nikkei 225 advanced 0.75% while the Topix index gained 0.83%. South Korea’s Kospi traded 0.83% higher. The S&P/ASX 200 in Australia edged 0.22% higher. MSCI’s broadest index of … Read more

South Korea hikes interest rates in a first for pandemic era; Asia-Pacific stocks mixed

SINGAPORE — Asia-Pacific stocks were mixed in early trade on Thursday, as U.S. markets again surged to record highs. Meanwhile, South Korea’s central bank hiked interest rates. Japan’s Nikkei 225 rose 0.36%, while the Topix edged up 0.14%. In Australia, the S&P/ASX 200 fell 0.31%. South Korea’s central bank raised interest rates, a decision expected by analysts. … Read more

Asia-Pacific markets rise; Hong Kong’s Hang Seng in bear territory

SINGAPORE — Stocks in Asia-Pacific rose in Monday morning trade, as investors look ahead to the Hong Kong open after the Hang Seng index plunged into a bear market last week. The Nikkei 225 in Japan rose 0.99% in early trade while the Topix index jumped 1.29%. South Korea’s Kospi gained 0.78%. In Australia, the … Read more

Asia-Pacific markets struggle for gains as investors focus on Covid situation

A man looks at an electronic board displaying stock information at the Australian Securities Exchange in Sydney, Australia, on Tuesday, Feb. 6, 2018. Brendon Thorne | Bloomberg | Getty Images SINGAPORE — Australian shares traded near flat early Monday as investors focus on the Covid-19 situation in the country. The benchmark ASX 200 rose fractionally … Read more

Asia-Pacific stocks rise; private survey on Chinese July factory activity ahead

SINGAPORE — Shares in Asia-Pacific rose in Monday morning trade as investors look ahead to the release of a private survey on Chinese manufacturing activity in July. In Japan, the Nikkei 225 jumped 1.01% in early trade while the Topix index gained 1%. South Korea’s Kospi advanced 0.41%. The S&P/ASX 200 in Australia climbed 0.32%. … Read more