Asian markets edges higher on rise in metal companies

India Infoline News Service | Mumbai | January 11, 2017 09:03 IST

Asian markets traded in the positive as rally in base metals and oil prices declining below $ 51 sent stock prices higher.

Stock Broker Working At Office
Asian markets traded in the positive as rally in base metals and oil prices declining below $ 51 sent stock prices higher. Chinese producer prices in December recorded their fastest growth in five years, propelling gains in industrial metals and other raw materials, on hopes the world's second-largest economy will lead to a growth in global inflation through its supply chains.

Investors now await US President-elect Donald Trump's speech later today for clues to his tax and international trade policies.

Oil producing companies posted losses as prices of crude oil remained weak following a 2% fall on Tuesday, on mounting doubts that major oil producing nations may not be able to sustain the deal to cut output.



Meanwhile, Shanghai Composite is trading down, Nikkei 225 is at 19,373 (up 0.4%). South Korea’s Kospi index ​is ​at 2,073.87 points (up 1.4%) and Indonesia’s Jakarta Composite ​is ​at 5,315 points up (0.09 %).

Taiwan’s Taiex at 9,355.6 points (up 0.06%), Singapore’s Straits Times at 3,012.10 points (up 0.20%), Hong Kong’s Hang Seng at 22,894.3 points (up 0.7%) and Singapore Nifty at 8,332 points (up 0.41%).

Wall Street settled unevenly on Tuesday, even as the Nasdaq composite closing at another all-time high and extending its winning streak to six days. The Dow Jones Industrial Average index closed 0.16% up, while Nasdaq Composite closed 0.36%. 
 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.