{"id":43542,"date":"2013-10-29T07:23:19","date_gmt":"2013-10-29T11:23:19","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=43542"},"modified":"2013-10-29T07:23:19","modified_gmt":"2013-10-29T11:23:19","slug":"asian-shares-mixed-on-firm-yen","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/10\/29\/asian-shares-mixed-on-firm-yen\/","title":{"rendered":"Asian Shares Mixed On Firm Yen"},"content":{"rendered":"

By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Asian shares were seen declining on Tuesday, as the strong yen dragged Japanese stocks lower and market investors \u00a0awaits the decision from the US Federal Reserve two-day meeting over the future for its monetary stimulus.<\/p>\n

Analysts are predicting the Fed to delay tapering its $85 billion monthly asset-purchasing program until next year, following the 16-day government shutdown.<\/p>\n

The Japanese benchmark Nikkei 225 index declined 0.98% to 14,254.49 as of 1:07am GMT, with the firmer yen dragging exporters to decline, while Tokyo\u2019s broader Topix index dropped 0.65% lower to 1,190.53.<\/p>\n

Meanwhile, shares in Nissan Motors and Isuzu Motors dropped by more than 1% as the stronger yen dropped dragged the company lower.<\/span><\/p>\n

In China, Hong Kong\u2019s benchmark Hang Seng index climbed 0.5% higher to 22,920.00, while China\u2019s mainland benchmark Shanghai Composite advanced 0.17% to 2,137.40, both as of 1:31am GMT.<\/p>\n

The Australian benchmark S&P\/ASX 200 index was dropped 0.27% lower at 5,426.80 as of 1:25am GMT, while the Korean benchmark Kospi index edged 0.26% lower to 2,042.79 and New Zealand\u2019s NZX 50 index was little changed at 4,862.48 at the same time.<\/p>\n

Asian Shares – Japan Retail Sector<\/span><\/h2>\n

According to data reports released, Japan\u2019s retail sector advanced 3.1% higher in September against last year\u2019s levels, exceeding analyst\u2019s expectation of a 1.8% rise in September.<\/p>\n

A separate data released on Tuesday showed a rise of 3.7% in household spending in Japan.<\/p>\n

Australia<\/span><\/h2>\n

Meanwhile in Australia, the Governor of the Reserve Bank of Australia, Glenn Steven gave a speech on Tuesday summarizing the state of the Australian economy.<\/p>\n

“It seems quite likely that at some point in the future the Australian dollar will be materially lower than it is today,” Stevens said. “While the direction of the exchange rate’s response to some recent events might be understandable, that was from levels that were already unusually high,” Steven said.<\/p>\n

“These levels of the exchange rate are not supported by Australia’s relative levels of costs and productivity,” he added.<\/p>\n

 <\/p>\n

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The post Asian Shares Mixed On Firm Yen<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n

Article provided by HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Asian shares were seen declining on Tuesday, as the strong yen dragged Japanese stocks lower and market investors \u00a0awaits the decision from the US Federal Reserve two-day meeting over the future for its monetary stimulus. Analysts are predicting the Fed to delay tapering its $85 billion monthly asset-purchasing program until … <\/p>\n

Continue reading “Asian Shares Mixed On Firm Yen”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-43542","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/43542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=43542"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/43542\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=43542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=43542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=43542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}