{"id":45006,"date":"2013-12-05T07:38:09","date_gmt":"2013-12-05T12:38:09","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=45006"},"modified":"2013-12-05T07:38:09","modified_gmt":"2013-12-05T12:38:09","slug":"asian-stocks-drop-on-tapering-fear","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/12\/05\/asian-stocks-drop-on-tapering-fear\/","title":{"rendered":"Asian Stocks Drop on Tapering Fear"},"content":{"rendered":"

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

Asian stocks declined on Thursday, after the better-than-expected US labour data indicated the US economy was recovering and could direct the Federal Reserve (Fed) to begin tapering its stimulus program soon.<\/p>\n

Stocks in Japan dropped to a two-week low, dragged down by the strong yen. While China\u2019s stocks saw a string of declines\u00a0\u00a0 during the session, with the mainland Shanghai Composite falling from its three-month high.<\/span><\/p>\n

Asian Stocks – Japan<\/span><\/h2>\n

The Japanese Nikkei 225 continued to drop as it edged 1.50% lower to 15,177.49 points, while the Tokyo broader Topix index shredded 0.91% to 1,229.65 points. The Japanese yen continued to strengthen after dropping to a six-month low against the US dollar on Tuesday. The currency pair USD\/JPY dropped 0.22% lower at \u00a5102.13 at the time of writing.<\/p>\n

Property market developer, Tokyo Tatemono saw the most gains, soaring 4%. While parcel delivery services provider, Yamato Holdings dropped 5.2%.<\/p>\n

Asian Stocks – China<\/span><\/h2>\n

Hong Kong\u2019s Hang Seng lost 0.39% to 23,635.00 points and the mainland gauge in Shanghai declined 0.21% to 2,247.06 points on Thursday.<\/p>\n

Standard Chartered is predicting the People\u2019s Bank of China (PBoC) to increase the micro liquidity management, as the region\u2019s stocks are preparing to restart initial public offering (IPO) listings.<\/p>\n

“Given the availability of new liquidity management tools, we do not forecast an excessive rise in money-market rates in China when IPOs resume. We expect the average seven-day repo rate to be in the range of 4.7-5.2% in the second half of December and in January, before declining to 4.3-4.5% in February,” the research note from Wednesday stated.<\/p>\n

“We believe the PBoC may increase micro liquidity management, for example via open-market operations, during the Lunar New Year period in order to avoid an excessive rise in money-market rates,” the note said.<\/p>\n

“This may be similar to what was seen ahead of the September quarter-end, when the PBoC used unconventional open-market operations to smooth liquidity conditions amid concerns about the quarter-end following the June liquidity crunch.\u201d<\/p>\n

Sands China was the main mover of the session, as it gained 2.3%, while Belle International Holdings lost 2.4%.<\/p>\n

 <\/p>\n

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The post Asian Stocks Drop on Tapering Fear<\/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 stocks declined on Thursday, after the better-than-expected US labour data indicated the US economy was recovering and could direct the Federal Reserve (Fed) to begin tapering its stimulus program soon. Stocks in Japan dropped to a two-week low, dragged down by the strong yen. While China\u2019s stocks saw a … <\/p>\n

Continue reading “Asian Stocks Drop on Tapering Fear”<\/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-45006","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/45006","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=45006"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/45006\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=45006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=45006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=45006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}