A look at the day ahead in Asian markets from Jamie McGeever.It looks like a quiet start to the week in Asia on Monday, but don't be fooled - it may be the calm before the storm. A raft of regional economic indicators including Japanese unemployment and PMIs from China, Australia and India, as well
It looks like a quiet start to the week in Asia on Monday, but don't be fooled - it may be the calm before the storm.
The MSCI Asia ex-Japan index is at a nine-month high and up more than 30 per cent from the October low. It has risen in 11 of the last 13 weeks and is on course for a monthly gain of 11 per cent. In India, Gautam Adani faces a critical day on Monday with his flagship company's $2.5 billion share sale's second day of bidding overshadowed by a $48 billion rout in the Indian billionaire's stocks sparked by a U.S. short seller's report.
GRAPHIC-World stocks add $4 trillion since start of year https://fingfx.thomsonreuters.com/gfx/mkt/znvnbzyjavl/Pasted%20image%201674844455175.png
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