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Asian Equities: Upward Explosion Ahead

Published 03/23/2015, 01:17 AM
Updated 07/09/2023, 06:31 AM

The roar of the Asian Tiger is getting ever louder

The Asian stock indexes appear poised for substantial gains. Japan is leading the way (see TOPIX chart, below), but stocks in Taiwan, Singapore and China appear ready to play some catch up.

TOPIX Monthly Overview 1993-Present

The 7 charts below are presented with only brief comments:

The Shanghai market is leading the way in China, as shown on the following graph:

SSEC Monthly 2001-Present

Other charts of interest include iShares China Index (ARCA:FXI), Guggenheim China Technology (NYSE:CQQQ), Global X China Financials (NYSE:CHIX) and the Hang Seng Index (via iShares MSCI Hong Kong (ARCA:EWH)).

FXI Monthly 2005-Present

CQQQ Weekly

CHIX Weekly

Hang Seng Index Monthly, 1994-Present

The Taiwan Futures Index (via iShares Taiwan Index (ARCA:EWT), SGX MSCI Taiwan) has already flashed a major buy signal. The Singapore Futures Index (via iShares MSCI Singapore (NYSE:EWS)) appears ready to attack the upper boundary of its congestion zone. A resolution of this trading zone would result on substantial advances in Singapore equities.

MSCI Singapore Monthly 2006-PresentMSCI Taiwan Monthly 2003-Present

Disclosure: The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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