Asian Indices Post Modest Gains, Investors Look to the G20 Meeting
Europe and Asia's Markets Rally on Positive Talk at the G20 Meeting
Asian indices post gains
Critical Asian indices were trading on a positive bias on February 26, 2016, as investors looked forward to the policy outcomes from the G20 meeting. It’s being held in China. The summit is expected to have a major impact on China (FXI) and the other major emerging markets (EEM). The upward movement in the Asian indices helped counter the massive losses on February 25. The losses were led by the fall in the Chinese market. Read Why Did Asian Markets Fall ahead of the G20 Meeting? for more information on how the Asian market reacted on February 25.
Looking at the performance of the Asian indices on February 26 at 4:00 AM EST, India’s Nifty 50 Index and China’s Shanghai Shenzhen CSI 300 rose by 1.1% and 1.0%. Hong Kong’s Hang Seng Index traded higher by 2.5%. Japan’s Nikkei 225 was trading higher by 0.3%. The sentiment remained modestly positive. It’s on track with the positive US market (SPY) on February 25.
Japanese inflation drops to zero
The Bank of Japan published the inflation data for January on February 26, 2016. The year-over-year inflation and core inflation rate came in at 0%. This indicates no change. The consumer price index for February rose by 0.1%. The rise in crude prices (USO) and the weakening of the currency resulted in the markets being positive. Major stocks like Panasonic and Sony (SNE) were in positive territory.
Singapore industrial production stages bounce back
The Singapore economic development board published the industrial production number for January on a strong note compared to the previous month. The month-over-month industrial production rose by 9.3%—compared to a fall of 5.4% the previous month. The iShares MSCI Singapore ETF (EWS) is expected to track the positive movement in the Asian market.
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