Gains were spread across Asian markets after US stocks witnessed a solid rally overnight. Key benchmark indices in Indonesia, Japan, Singapore, South Korea and Taiwan were up by 0.73% to 4.55%.
Trading in US index futures indicated that the Dow could rise 175 points at the opening bell today, 27 August 2015. US stocks witnessed a solid rally yesterday, 26 August 2015, on expectations that the US central bank will hold off from hiking interest rates next month due to mounting global uncertainties. The rally followed six days of losses for markets that have been shaken by news about China's currency and economy.
Latest economic data showed that orders for durable or long-lasting US goods rose 2% in July, led by demand for automobiles and military hardware.
Meanwhile, New York Fed President William Dudley yesterday, 26 August 2015, said that the case for a rate hike in September is less compelling given recent international developments and volatility in financial markets.
Among Asian bourses
Australia market advances for a third straight session
As risk sentiments boosted by tracking rally on the Wall Street overnight and better than expected domestic business investment intentions data. All ASX sectors recorded gains, with financials, healthcare, energy, and utilities stocks being winner of the day. The benchmark S&P/ASX 200 index advanced 60.50 points, or 1.17%, to 5233.30 points. The broader All Ordinaries index closed 63.70 points, or 1.23%, higher at 5242.60.
Nikkei extends gain on U.S. rally
As risk sentiments bolstered by tracking rally on the US markets overnight and yen weakness resumption against major currency baskets after hints the US Federal Reserve would not raise interest rates next month. Total of 29 out of 33 TSE industry groups advanced, with shares of foods, construction & materials, financials, banks, IT & services, real estate, and retail trade companies being biggest gainers. The Nikkei Stock Average advanced 197.61 points, or 1.08%, to end at 18574.44 points, extending yesterday 3.2% gains. The broader Topix index ended up 1.45%, or 21.44 points at 1500.41.
China stocks rebound on rate cut
Investors chased for bottom fishing on battered blue chip stocks after heavy selloff in recent sessions. Risk sentiments improved after the Chinese central bank's easing decisions calmed market concerns over economic slowdown. The benchmark Shanghai Composite Index rebounded 156.30 points, or 5.34%, to 3083.59, following a 20-percent loss since last Thursday. The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 3.33%, or 56.45 points, to 1752.21. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, gained 3.68% to close at 1,959.49.
Hong Kong market closes sharply higher
Investors chased for bottom fishing on battered blue chip stocks on tracking gain on the Wall Street overnight after some clarity on the U.S. Federal Reserve's monetary policy emerged. Meanwhile, rebound on the Mainland China stocks also amplified buying sentiments. The Hang Seng Index ended higher by 758.15 points, or 3.6%, at 21838.54 points.
Sensex, Nifty attain highest closing level in almost a week
A rally in global markets sent Indian stocks surging. The barometer index, the S&P BSE Sensex, jumped 516.53 points or 2.01% to settle at 26,231.19. The 50-unit CNX Nifty jumped 157.10 points or 2.02% to settle at 7,948.95. Oil, metal and pharma stocks and index heavyweight HDFC led the rally for key benchmark indices. The Sensex reclaimed the psychological 26,000 level. The Sensex and Nifty, both, hit their highest closing level in nearly a week.
Foreign portfolio investors (FPIs) pressed substantial sales of Indian stocks yesterday, 26 August 2015. FPIs sold shares worth a net Rs 2340.93 crore into the secondary equity market yesterday, 26 August 2015, as per data from National Securities Depository (NSDL). Domestic institutional investors (DIIs) bought shares worth a net Rs 1881.08 crore yesterday, 26 August 2015, as per provisional data released by the stock exchanges.
Trading in US index futures indicated that the Dow could rise 175 points at the opening bell today, 27 August 2015. US stocks witnessed a solid rally yesterday, 26 August 2015, on expectations that the US central bank will hold off from hiking interest rates next month due to mounting global uncertainties. The rally followed six days of losses for markets that have been shaken by news about China's currency and economy.
Latest economic data showed that orders for durable or long-lasting US goods rose 2% in July, led by demand for automobiles and military hardware.
Meanwhile, New York Fed President William Dudley yesterday, 26 August 2015, said that the case for a rate hike in September is less compelling given recent international developments and volatility in financial markets.
Among Asian bourses
Australia market advances for a third straight session
As risk sentiments boosted by tracking rally on the Wall Street overnight and better than expected domestic business investment intentions data. All ASX sectors recorded gains, with financials, healthcare, energy, and utilities stocks being winner of the day. The benchmark S&P/ASX 200 index advanced 60.50 points, or 1.17%, to 5233.30 points. The broader All Ordinaries index closed 63.70 points, or 1.23%, higher at 5242.60.
Nikkei extends gain on U.S. rally
As risk sentiments bolstered by tracking rally on the US markets overnight and yen weakness resumption against major currency baskets after hints the US Federal Reserve would not raise interest rates next month. Total of 29 out of 33 TSE industry groups advanced, with shares of foods, construction & materials, financials, banks, IT & services, real estate, and retail trade companies being biggest gainers. The Nikkei Stock Average advanced 197.61 points, or 1.08%, to end at 18574.44 points, extending yesterday 3.2% gains. The broader Topix index ended up 1.45%, or 21.44 points at 1500.41.
China stocks rebound on rate cut
Investors chased for bottom fishing on battered blue chip stocks after heavy selloff in recent sessions. Risk sentiments improved after the Chinese central bank's easing decisions calmed market concerns over economic slowdown. The benchmark Shanghai Composite Index rebounded 156.30 points, or 5.34%, to 3083.59, following a 20-percent loss since last Thursday. The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 3.33%, or 56.45 points, to 1752.21. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, gained 3.68% to close at 1,959.49.
Hong Kong market closes sharply higher
Investors chased for bottom fishing on battered blue chip stocks on tracking gain on the Wall Street overnight after some clarity on the U.S. Federal Reserve's monetary policy emerged. Meanwhile, rebound on the Mainland China stocks also amplified buying sentiments. The Hang Seng Index ended higher by 758.15 points, or 3.6%, at 21838.54 points.
Sensex, Nifty attain highest closing level in almost a week
A rally in global markets sent Indian stocks surging. The barometer index, the S&P BSE Sensex, jumped 516.53 points or 2.01% to settle at 26,231.19. The 50-unit CNX Nifty jumped 157.10 points or 2.02% to settle at 7,948.95. Oil, metal and pharma stocks and index heavyweight HDFC led the rally for key benchmark indices. The Sensex reclaimed the psychological 26,000 level. The Sensex and Nifty, both, hit their highest closing level in nearly a week.
Foreign portfolio investors (FPIs) pressed substantial sales of Indian stocks yesterday, 26 August 2015. FPIs sold shares worth a net Rs 2340.93 crore into the secondary equity market yesterday, 26 August 2015, as per data from National Securities Depository (NSDL). Domestic institutional investors (DIIs) bought shares worth a net Rs 1881.08 crore yesterday, 26 August 2015, as per provisional data released by the stock exchanges.
