Koyal Group Reports Indonesia Rebounds as India Falls Further
In Hong Kong, the Hang Seng fell 0.7%, while the Chinese mainland´s Shanghai Composite finished with a negligible gain. Japan´s Nikkei Stock Average finished the day 0.2% higher and in Seoul the Kospi lost 1.1%. In Sydney, the S&P/ASX 200 closed 0.4% higher. Analysts at Koyal Group believe that the data suggests that the US Federal Reserve will began tapering its bond buying program and the markets are positioning themselves for that eventuality.
Koyal Group Expands Its European Capital Goods Research
Koyal Group is pleased to announce the hiring of Analyst Hans Meyer to head their European Capital Goods Research department based out of the Tokyo office. Mr Meyer will join the firm as a Chief Analyst in September 2013 to lead Capital Goods for Europe, the Middle East, and Asia.
Koyal Group Market Watch: Asia 29-07-13
Japan´s Nikkei stock average fell more than 3% today is finishing at its lowest level since June 27th, while the Shanghai Composite also dipped 1.7%. Both indices have fallen for three consecutive sessions. We attribute the weakness of Japanese stocks to the recent strengthening of the yen hurting exports.