Monday, 23 November 2015

ASX, Kospi stay in green as Fed-watch continues | Equity Market Trading Tips

Asian markets opened in green on Monday, following a rally on Wall Street last week as investors continue to look out for comments from central bankers on the trajectory of US monetary policy.

US indices ended last week with gains of more than 3 percent. The Dow Jones Industrial Average closed 91 points, or 0.51 percent, higher at 17,824, the S&P 500 ended 8 points, or 0.38 percent, up at 2,089, while the Nasdaq was 31 points, or 0.62 percent, higher to finish at 5,105.

On the earnings front, Ali Health, an unit of Chinese e-commerce giant Alibaba, is expected to announce its quarterly result in Hong Kong, along with China Resources & Transportation Group and Bauhaus Holding. 

Investors are also focused on October CPI numbers, the most common measure of inflation, from Singapore and Hong Kong, while a slew of data including the jobless rate, industrial output, and unemployment report are expected out of Taiwan. 

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