Asian Markets climb on Wall Street gains

Asian markets gained Tuesday following fresh records on Wall Street, with investors cheered by the release of strong economic data.

All three US indices ended at records, with the Dow Jones Industrial Average gaining 0.7 percent Monday.

Analysts said the markets were unaffected by a mass shooting at a Las Vegas hotel that left at least 59 dead and hundreds injured.

“The global markets trudge on searching for opportunities realising these tragedies are becoming all too commonplace,” said Stephen Innes, head of Asia-Pacific trading at OANDA.

“And as cynical as that may seem, that is the reality we’ve come to accept,” he added.

Via AFP

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Stephen Innes

Stephen Innes

Head of Trading APAC at OANDA
Stephen has over 25 years of experience in the financial markets and currently based in Singapore as the Head of Trading Asia Pacific with OANDA. Stephen's market views focus on the movement of G-10 and ASEAN Currencies. Stephen has an extensive trading experience in Spot and Forward FX, Currency and Interest Rate Futures, Money Market Derivatives and Precious Metals. Before joining OANDA, he worked with organisations like Nat West, Chemical Bank, Garvin Guy Butler, and Sumitomo Mitsui Banking Corporation. Stephen was born in Glasgow, Scotland, and holds a Degree in Economics from the University of Western Ontario.
Stephen Innes
Stephen Innes

Latest posts by Stephen Innes (see all)