Japan's stock market stable, while Asian stocks were little changed, last Tuesday, as investors awaited from the U.S. and UK market direction, they resumed trading after the holidays on Monday, following last week's unrest.
The Nikkei Stock Average index (N225) rose 0.6%, down from 1.4% in the opened last Monday's 3.2 percent, the top roller recovery. On Thursday, the Nikkei average fell 7.3 percent, the March 2011 earthquake and tsunami, its biggest one-day loss. (, T)
"Nikkei index is now at fair value, which is more expensive than in the U.S. stock market price-earnings ratio, so the recent volatility and declines in fact created a dip buying opportunity, said:" Tetsuo II, the House of Commons Asset Management Chief Executive Officer.
Japan's stock market stability spurred selling yen, as it eased investor concerns to relax their positions to sell yen to cover the losses.
"Nikkei narrow trading range day by day, which is not like the one we saw after the Lehman shock panic if volatility is stable at current levels, then the dollar / yen is likely to head higher." said the director Suzuki Kyosuke at Industrial Bank in Tokyo foreign exchange.
USDJPY rose 0.9 percent to a two-week low of 100.66 yen 101.86 on Friday after falling, hitting a 4-1/2 peak of 103.74 yen earlier in May 22 only a few days.
Stock, bond and currency markets last week, debating about the U.S. Federal Reserve Board may reduce its aggressive monetary stimulus policies to maintain and support over the past five years, the global financial markets earlier than expected.
"It is natural for the market to reflect the recommendations, there may be the Fed's policy stance, which has defined a trend change in the market over the past five years, trying to assess the impact of changes in the size if you really need place, "the French bank Credit Agricole in Tokyo foreign exchange director Yuji Saito said.
Saito added, such as hedge funds close their books in May and June of seasonal factors also exaggerated the corrective action, because they quickly adjust their positions.
"The market is seeking a stable level, but the players are likely to wait for clues when they resume trading from the U.S. market after Monday's holiday," he said.
Morgan Stanley Capital International Asia-Pacific shares outside Japan. miapj0000pus> broadest index is stable, holds approximately 467.61, up slightly from last Friday's five-week low 464.99.
(AXJO) Australian shares edged up 0.2 percent, the Korean stock market (KS11) increased by 0.3%. Hong Kong stocks (HSI) rose 0.1%, while the Shanghai stock (SSEC) edged down 0.1%.
British and U.S. holidays to keep Europe's stock and bond markets last Monday quiet than usual.
With several leading Australian investors continue to favor offshore production drama, despite the recent sell-off, Andrew Quinn, said Patersons Securities in Perth coordinated research strategy.
"As foreign investors to sell, because the Australian dollar risk, it creates opportunities for Australian investors to pick up the good and the top yielding company again," Quinn said.
Final normalization of monetary policy in the United States, almost certainly the future of the region in the other major currencies, probably in the next 3-5 years is a major driver of asset markets, "but while it is never too early to think so strong influence of changes in the financial sector, we feel that it is too early position, "said Barclays Capital (Barclays Capital) in a research report said.
Fed Chairman Ben Bernanke said last week that the central bank's "Meeting the next few years", decided to cut $ 8.5 billion dollars in U.S. debt, the Fed can take to buy a monthly, if the economy looks set to maintain the momentum.
Uncertainty in demand for commodities, under pressure last week after data showed China's factory activity first decline in seven months, in May U.S. manufacturing growth in October at its slowest pace since. The dollar's strength also weighed on the dollar makes dollar-based commodities more expensive for non-dollar holders.
U.S. crude oil futures prices fell 0.5 percent, to $ 93.67 a barrel, Brent crude oil fell 0.1 percent to $ 102.53. (O / R)
London copper fell 1% $ 7,229.25 one ton (1.1023 tons) of.
Spot gold fell 0.4%, to $ 1,389.09 dollars.
 
 



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