Asian markets track global markets higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from global markets on Friday, as data showing a drop in U.S. wage growth to a 50-year low and a contraction in U.S. service sector activity in the month of December helped ease concerns about aggressive policy tightening by the US Federal Reserve. Asian markets closed mostly higher on Friday.

The Australian stock market is significantly higher on Monday, extending the gains in the previous three sessions, with the benchmark S&P/ASX 200 staying below the 7,200 level, following the broadly positive cues from global markets on Friday, with gains across most sectors, led by mining stocks after iron ore and gold prices firmed.

Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Fidelity Asian Values

More articles like this

DirectorsTalk

Asian markets boosted by Nvidia surge and soft Japanese inflation

On Thursday, most Asian stocks saw gains, especially in the technology sector, following a strong overnight performance by Nvidia. Japanese markets, in particular, performed well due to lower-than-expected producer inflation data, which contradicted recent hawkish remarks

Fidelity Asian Values

Asian markets show gains as yen stabilises

On Tuesday, Asian markets experienced gains, driven by the rise in Japanese stocks, while the yen showed signs of stabilisation after a period of weakness against the US dollar. Japanese equities performed strongly, with a positive

Fidelity Asian Values

Asian stocks rebound as market worries ease

Asian markets largely extended their gains. This improvement in sentiment comes after last week’s turmoil, which was driven by fears of a potential US recession. Investors have since seen these concerns ease somewhat, especially ahead of

Fidelity Asian Values

Asian stock markets rally as recession fears ease

Asian stocks generally advanced on Monday, building on a recovery from the previous week. This uptick was driven by growing optimism that fears of a U.S. recession may have been overstated. The focus for investors now

Fidelity Asian Values

Asian stocks surge as Tokyo leads strong rebound

Tokyo stocks surged over 10 per cent on Tuesday, rebounding from a record selloff driven by concerns about the US economy and a stronger yen. The Nikkei 225 index soared 10.33 per cent, gaining 3,249.36 points

Fidelity Asian Values

Asian markets rally despite Chinese economic concerns

Most Asian stocks saw gains on Tuesday, taking cues from a strong finish on Wall Street, driven by growing expectations for a September interest rate cut. However, Chinese markets lagged due to concerns over a cooling

Fidelity Asian Values

Asian stocks rise on US rate cut hopes

Asian stocks saw a slight increase on Monday as investor confidence grew regarding a potential US rate cut in September. Meanwhile, the euro faced challenges due to political uncertainty stemming from the recent French elections, which

Fidelity Asian Values

Asian stock markets surge on softer US inflation data

Asian stock markets experienced gains as traders responded positively to softer US inflation data, with Indonesian stocks leading the surge. However, the South Korean won faced a dip. Easing inflation in the US is sending positive