Epic Research Update : Asian Markets Asian markets remained stuck in negative territory on Wednesday, not getting much impetus from China’s official purchasing managers’ index (PMI) coming in largely as expected.
The Nikkei 225 shed 0.59 percent, likely weighed by the yen taking a leg higher. The dollar fetched 110.74 yen at 9:36 a.m. SIN/HK, with the dollar-yen currency pair recovering from lows around 110.42 earlier in the session, but still down from levels over 111 on Tuesday.
Shanghai Composite was down 0.18 percent after jumping 3.32 percent on Tuesday in the wake of a Goldman Sachs report released Tuesday that raised the probability of A-share inclusion in the MSCI indexes to 70 percent from 50 percent previously. The MSCI will announce the results of its Annual Market Classification Review on June 15, which may see the A-share market included in the index.
In South Korea, the Kospi edged down 0.03 percent, likely getting support from a 2.40 percent gain in heavily weighted Samsung Electronics.
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