Epic Research

Wednesday, October 22, 2014

Epic Research Update : Asian Markets

Epic Research Update : Asian MarketsAsian shares were mixed Tuesday after China’s economy grew at expectations in the the third quarter.
The Hang Seng Index was up 0.4%, after data showed China’s gross domestic product rose 7.3%from a year earlier in the third quarter, down from 7.5% growth in the second quarter of this year.
The Shanghai Composite Index was roughly flat. The index, having rallied from July, is up more than 11% so far this year.
The Nikkei 225 fell 0.6%, as the dollar weakened. Australia’s S&P/ASX 200 was up 0.1%. Overnight,
U.S. stocks traded largely higher on earnings expectations.
The Dow 30 rose 0.12%, the S&P 500 index rose 0.91%, while the NASDAQ Composite index rose 1.35%.
On Tuesday the U.S. is to release private-sector data on existing home sales.

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