Breaking News

Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here

Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Asian Equities Continue To Rally

By MarketPulse (Jeffrey Halley)Stock MarketsJul 13, 2021 04:00AM ET

www.investing.com/analysis/asian-equities-continue-to-rally-200591152

By MarketPulse (Jeffrey Halley) | Jul 13, 2021 04:00AM ET

Saved. See Saved Items.

This article has already been saved in your Saved Items

Chinese trade data lifts Asian markets

With the overnight treasury auctions passing without incident, Wall Street equities continued to rise modestly. The street was pricing in no US CPI surprises and anticipating another solid quarterly earnings season kicking off this week.

The S&P 500 rose 0.35%, the NASDAQ by 0.21%, and the Dow Jones by 0.37%, with the futures in Asia settling into a pre-CPI waiting game.

That was enough on its own to greenlight a positive start to trading in Asia, which was boosted by impressive China trade data this morning as well.

The June surplus rose to $51.50 billion, with June Exports YoY increasing 32.20%, and June Imports YoY increasing by 36.70%, crushing the consensus forecast.

The robust China trade data will be a shot in the arm for Asia, though, and a sense of relief across the region will be palpable, as positive news is certainly needed with the resurgence of COVID.

Japan’s Nikkei 225 and South Korea’s KOSPI both climbed 0.75% higher today. Mainland China’s Shanghai Composite and CSI 300 edged 0.30% higher, with no signs of clampdown nerves showing today.

Hong Kong’s Hang Seng leapt by 1.60% after Tencent (OTC:TCEHY) gained unconditional approval from the Chinese Government to complete an acquisition. Singapore and Taipei rose 0.75%, with Kuala Lumpur and Bangkok climbing 0.35%, while Jakarta edged 0.10% lower following the BI growth downgrade.

The prospect of an extended lockdown in Sydney has not dented confidence in Australia, with resources and banks outperforming and a federal support package announcement imminent for NSW. The ASX 200 rose 0.20%, while the All Ordinaries was 0.40% higher.

European stock markets should follow the default setting from Wall Street and Asia and rise gently at the commencement of trading. Only a surprise jump in German and French inflation data is likely to crack confidence ahead of the US inflation data later this evening. Otherwise, I expect equity markets to market time ahead of that release.

Original Post

Add a Comment

Shares Of Chocolate-Maker Hershey Defy The Slumping Stock Market By Andy Hecht - May 24, 2022

This article was written exclusively for Investing.com HSY shares have rallied in 2022 while the S&P 500 is lower Cocoa prices decline in 2022 Consumer staples outperform the...

NVIDIA Earnings Preview: 42% Plunge Indicates Chipmaker's Growing... By Haris Anwar/Investing.com - May 24, 2022 1

Reports Q1 FY2023 results on Wednesday, May 25, after the close Revenue expectation: $8.12 billion EPS expectation: $1.3 The recent slump in NVIDIA's (NASDAQ:NVDA) stock price...

Eyeing Alpha In Emerging Markets: EM Ex-Asia Vs. EM Asia By Mike Zaccardi, CFA, CMT - May 24, 2022 1

This article was originally posted at TopDown Charts EM stocks have staged a relative rally vs US shares of late, but there is outperformance specifically among EM ex-Asia...

Add a Comment

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I have read Investing.com's comments guidelines and agree to the terms described.

I Agree

Write your thoughts here

Are you sure you want to delete this chart?

Delete Cancel

Post

Post also to:

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d1-invdn-com.investing.com/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

Are you sure you want to delete this chart?

Delete Cancel

Post

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

I feel that this comment is:

Spam

Offensive

Thank You!

Your report has been sent to our moderators for review

More Categories

1D1W1M6M1Y5YMax

US 30	31,580.1	-300.1	-0.94%
US 500	3,919.6	-54.2	-1.36%
Dow Jones	31,880.24	+618.34	+1.98%
S&P 500	3,973.75	+72.39	+1.86%
Nasdaq	11,535.28	+180.66	+1.59%
S&P 500 VIX	29.58	+1.10	+3.86%
Dollar Index	102.015	-0.082	-0.08%

Crude Oil WTI	109.81	-0.48	-0.44%
Brent Oil	110.27	-0.51	-0.46%
Natural Gas	8.896	+0.069	+0.78%
Gold	1,857.10	+9.30	+0.50%
Silver	21.898	+0.175	+0.81%
Copper	4.2955	-0.0500	-1.15%
US Soybeans	1,687.50	+1.50	+0.09%

SPDR S&P 500	396.92	+7.29	+1.87%
iShares Russell 2000	178.21	+2.13	+1.21%
Invesco QQQ Trust	293.48	+4.80	+1.66%
Direxion Daily Junior Gold Miners Bull 2X Shares	52.31	+0.77	+1.49%
iShares Silver	20.10	+0.03	+0.15%
ProShares Ultra VIX Short-Term Futures	15.74	-0.27	-1.69%
ProShares UltraPro QQQ	28.69	+1.35	+4.94%

Apple	143.11	+5.52	+4.01%
Alphabet A	2,229.76	+51.60	+2.37%
Tesla	674.90	+11.00	+1.66%
Amazon.com	2,151.14	-0.68	-0.03%
Netflix	187.44	+1.09	+0.58%
Meta Platforms	196.23	+2.69	+1.39%
Bank of America	35.87	+2.01	+5.94%

	Interest Rates	Next Meeting
FED	1.00%	Jun 15, 2022
ECB	0.00%	Jun 09, 2022
BOE	1.00%	Jun 16, 2022
SNB	-0.75%	Jun 16, 2022
RBA	0.35%	Jun 07, 2022
BOC	1.00%	Jun 01, 2022
RBNZ	1.50%	May 25, 2022
BOJ	-0.10%	Jun 17, 2022
CBR	14.00%	Jun 10, 2022
RBI	4.00%	Jun 08, 2022
PBOC	3.70%
BCB	12.75%	Jun 15, 2022

Asian Equities Continue To Rally

Chinese trade data lifts Asian markets

Related Articles