News > Capital Markets

Daily Scan: Asian shares cap the week higher

By NexChange
Capital Markets

Updated throughout the day.

October 9

Good evening everyone. After heading for the stratosphere earlier in the day, Asian equities trimmed some of their gains in the afternoon – though not enough to knock them off orbit. Hong Kong’s Hang Seng China Enterprises Index finished the day up 1.6% - its best showing since August – while Japan’s Nikkei 225 ended the session up 1.64% - a whisker away from it’s a month-long high. Thanks Janet! Here’s how the rest are doing:


Hang Seng Index

Hang Seng China Enterprises

Nikkei 225


Shanghai Composite

Shenzhen Composite

Europe isn’t doing too shabby itself. The FTSE 100 is currently up 0.5%, the DAX up 0.9%, while the CAC is up 0.8%. U.S. stock index futures however are pointing to a more subdued open in the region, with S&P minis down 0.09%, Dow minis down 0.07%, and Nasdaq minis down 0.15%.

Here’s what else you need to know:

North Korea's leaders are going broke.  China’s economic slowdown and a plunge in coal prices are depriving North Korea of critical foreign currency, threatening to stir discontent among the small, elite class that the nation’s mercurial dictator relies on for support. The drain on income comes as North Korea continues to plow its limited resources into its armed forces. Wall Street Journal

Lagarde: China isn’t all “gloom and doom.” Speaking to the BBC, IMF chief Christine Lagarde said China’s economy should reverse its current deceleration and regain its momentum sometime next year. BBC

VW to recall 100,000 vehicles from down under. With its image crumbling in the wake of the emissions scandal, Volkswagen Australia plans to appease its customers by announcing a voluntary recall. “I want to assure customers that the affected cars are technically safe and the necessary measures will be undertaken at no cost to them.” Financial Times (paywall)

Bank of England keeps rates steady. As expected, the Bank of England’s monetary policy committee kept rates on hold Thursday, citing continued issues with inflation as well as a way to “ensure that growth is sufficient to absorb any remaining underutilised resources.” The region’s quantitative easing program also stood pat £375 billion. Bank of England

Mexico snares El Chapo’s pilot. Speaking to the nation’s Senate, Mexico Attorney General Arely Gómez said that not only have they bagged 23 officials in connection to El Chapo’s escape, but also the pilot “who transported this person” as well. Financial Times (paywall)

Alibaba shares climb. Jack Ma made his shareholders happy today after his recent let

Subscribe to our Newsletter

Be one of the first to experience the future of financial services