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1 Oct 2013
Strong and/or extreme? Asian equities mixed on US shutdown
FXstreet.com (Chicago) – Asian equities presented mixed results possibly fueled by market participants’ assessment of the US government shutdown and recently released Asian results.
On most recent comments and with less than one hour left to come to an agreement, the Democratic Senator Harry Reid summed up the bipartisan rhetoric between reds and blues saying “we like to resolve issues but we will not go to conference with a gun to our head”.
In regards to equities, the Nikkei 225 retraced slightly but remained in the positives to now register 0.81% gains. Matching performance were the Australian S&P/ASX 200 up 0.13%, the Shanghai Composite up 0.68%, the Korean Kospi up 0.37% and the Indonesian IDX up 0.35%. In India, both the S&P CNZ Nifty and the Sensex registered losses at 1.68% and 1.76% respectively similarly to the Chinese Hang Sen 40 down 1.50%.
On most recent comments and with less than one hour left to come to an agreement, the Democratic Senator Harry Reid summed up the bipartisan rhetoric between reds and blues saying “we like to resolve issues but we will not go to conference with a gun to our head”.
In regards to equities, the Nikkei 225 retraced slightly but remained in the positives to now register 0.81% gains. Matching performance were the Australian S&P/ASX 200 up 0.13%, the Shanghai Composite up 0.68%, the Korean Kospi up 0.37% and the Indonesian IDX up 0.35%. In India, both the S&P CNZ Nifty and the Sensex registered losses at 1.68% and 1.76% respectively similarly to the Chinese Hang Sen 40 down 1.50%.