Monday, 6 February 2017

Asia markets rise, ASX up 0.3%, Nikkei gains 0.8%, Kospi up 0.4%

Ripples Advisory Private Limited, Indore @9303093093

Major Asia indexes opened in the green, taking cues from Wall Street's banner Friday session despite a mixed jobs report. Led by a strong performance in financials, the Dow Jones industrial average was up 0.94 percent, its best trading day for 2017, at 20.071.46, as the S&P 500 rose 0.73 percent to close at 2,297. The Nasdaq composite added 0.54 percent at 5,666.8. 

The US financials play was "driven by President Trump's order to investigate potential easing of bank regulation and changes to the Dodd-Frank," said Ric Spooner, chief market analyst at CMC Markets, referring to the financial reform legislation passed by the Obama administration in 2010 as a response to the 2008 Great Financial Crisis.

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