Asian Markets Mildly Bullish On Early Monday Trade

Asian stocks held at a two-week high after China vowed to carry out the broadest expansion of economic freedoms since at least the 1990s.

Samsung Electronics Co. (005930), the South Korean consumer electronics maker that gets 20 percent of its revenue in China, rose 0.5 percent in Seoul. Dwango Co. soared 17 percent in Tokyo, extending a 21 percent gain on Nov. 15 after saying Nintendo Co. bought a stake in the company that provides content through mobile phones. Chorus Ltd. dropped 3.7 percent after the operator of New Zealand’s telephone network withdrew its dividend guidance.

The MSCI Asia Pacific Index added 0.1 percent to 141.75 as of 9:41 a.m. in Tokyo after closing at the highest level since Oct. 31 last week. Japan’s Topix (TPX) index gained 0.2 percent as the yen maintained its slide past 100 per dollar. China pledged to allow more private investment in state-controlled industries, loosen its one-child policy and expand farmers’ land rights, according to a Communist Party policy decision published by Xinhua News Agency on Nov. 15.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu