Tuesday, 9 June 2015

Asian Market Update

Nikkei gains 0.4 percent
Japan's Nikkei 225 index erased initial losses to edge up, a day after the Tokyo index suffered its biggest loss in almost a month due to the prospect of an early US interest rate hike.
Released before the market open, core machinery orders unexpectedly rose 3.8 percent in April, beating Reuters expectations for a 2.0 percent decline and following a 2.9 percent on-month rise in March. Machinery orders data are highly volatile and seen as a leading indicator of capital spending. The dollar-yen showed no reaction to the data, trading around 124.24 in early Asian trade.

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