Outside of Japan, the MSCI index of Asia-Pacific stocks was largely unchanged, after earlier slipping to a fresh 17-month low. Australia’s benchmark S&P/ASX 200 index rose 0.8%, Hong Kong’s Hang Seng index .HSI was largely unchanged as higher-than-expected earnings from Ping An Insurance, China’s second-largest insurer, were overshadowed by a profit warnings from the world’s biggest contract manufacturer of cellular phones, Foxconn International Holdings.
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US Dollar Eased As Oil, Gold Prices Rose
The US eased on Monday, easing a six-month high against the euro as gold and oil prices rose
The US dollar slipped on Monday, easing from a six-month high against the euro as gold and oil prices rose, but slowing commodities demand was widely seen supporting the currency in the medium term.
Asian stocks rose, led by Japan’s Nikkei share average N225, which jumped 1.8% as investors looked for bargains after a recent market sell-off. Stock markets are also hoping that slumping oil and commodity prices will shore up faltering consumer demand in key export markets such as the United States.
Outside of Japan, the MSCI index of Asia-Pacific stocks was largely unchanged, after earlier slipping to a fresh 17-month low. Australia’s benchmark S&P/ASX 200 index rose 0.8%, Hong Kong’s Hang Seng index .HSI was largely unchanged as higher-than-expected earnings from Ping An Insurance, China’s second-largest insurer, were overshadowed by a profit warnings from the world’s biggest contract manufacturer of cellular phones, Foxconn International Holdings.
Outside of Japan, the MSCI index of Asia-Pacific stocks was largely unchanged, after earlier slipping to a fresh 17-month low. Australia’s benchmark S&P/ASX 200 index rose 0.8%, Hong Kong’s Hang Seng index .HSI was largely unchanged as higher-than-expected earnings from Ping An Insurance, China’s second-largest insurer, were overshadowed by a profit warnings from the world’s biggest contract manufacturer of cellular phones, Foxconn International Holdings.
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