Japanese shares recover, China rises


Japanese shares are in recovery mode today after sharp falls last week, with the Nikkei rising 2.2% following a strong close on Wall Street and the absence of fresh negative catalysts.

China is up 0.1% even though the central bank has again refrained from adding liquidity to the money markets, with the seven-day repurchase rate up 5 bps to 4.93%. Brokers apparently believe that the PBOC's strategy is a sign of economic strength rather than of weakness in the financial industry.

Elsewhere in Asia, Hong Kong +0.5%, India -0.4%.

ETFs: ADRA, AIA, VPL, ASDR, AAXJ, AXJS, EPP, GMF, GMFS, AXJL, UXJ, JPX, PAF, ASEA, EEMA, DVYA

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs