Home/FX/Newsfeed

Australia Stocks Start Year Higher With Low Liquidity

Share Print 0

Asian shares started the new year higher in thin trading, with many of the region’s markets closed ahead of the first full week of trading in 2015.

But weak factory activity in China capped gains, as many countries are dependent on the Asian giant’s growth.

China’s official Purchasing Managers’ Index (PMI) slipped to 50.1 in December, the lowest level of 2014, from 50.3 in November.

Hong Kong’s benchmark Hang Seng index closed 1.1% higher at 23,857.82.

Bucking the trend were shares of casinos, after data showed that gambling revenue in Macau fell for the first time on an annual basis since its casinos were liberalised in 2001.

Wynn Macau, Melco Crown and Galaxy Entertainment shares were all down more than 2.6%.

via BBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

,
Back to Top