Thursday, 25 February 2016

ASIAN MARKET NEWS 26 FEBRUARY 2016

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.2 percent, while South Korea .KS11 gained 0.4 percent. Japan's Nikkei rose 1.5 percent to break chart resistance and reach a two-week top.
Gyrations in Chinese markets seemed to be having a diminishing effect, with Thursday's 6-percent dive in Shanghai stocks .SSEC causing few ripples elsewhere. On Wall Street, the Dow rose 1.29 percent, while the S&P 500 added 1.14 percent and the Nasdaq 0.87 percent. Data showing a 4.9 percent rebound in US durable goods orders underpinned the better mood.

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