real-time news and commentary for investors
Friday, Aug 23
Asian shares mixed
- Japanese shares (DXJ, EWJ) rise 2.2% as the yen weakens vs the dollar following strong U.S. factory data yesterday, which increased expectations of Fed tapering.
- However, Chinese stocks (FXI) drop 0.5%, with financials hurting due to concern about tightening liquidity before the end of the month. Hong Kong falls 0.1%.
- Elsewhere, emerging-markets end the week relatively calmly after a week of turmoil. India +0.5%, Indonesia -0.2%, Thailand -0.5%, Malaysia flat.