US stocks recover while Asian markets remain down
Mihir Kapadia, CEO and Founder, Sun Global Investments
There is a negative bias to stock trading in Asia as markets kick off the week. While Japan is higher, most other markets are lower. Japan stocks have been boosted by further weakness in the Yen as the currency continues the 5 per cent decline against the US dollar it has experienced since early September. The Taiwan Index is down 1.1 per cent as worries increase about the prospects for the suppliers to Apple’s i-Phone business.
Indices in Hong Kong, China, India and Korea are also lower.