Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View More
Asian Markets Post Broad Gains, HK’s Hang Seng Tops 30,000

Asian Markets Post Broad Gains, HK’s Hang Seng Tops 30,000

David Cottle, Analyst

Talking Points:

  • Major Asian bourses were all higher into Wednesday’s close
  • The Hang Seng topped 30,000 for the first time in a decade
  • Fed Chair Janet Yellen spoke, but her cautious optimism didn’t move the markets

Just getting started in the trading world? Our beginners’ guide is here to help

Asian markets rose Wednesday after Wall Street made some new record highs the day before thanks to a tech rally. Hong Kong’s Hang Seng was the star player, topping 30,000 for the first time in ten years.

The Nikkei 225 rose 0.48%, with the ASX 200 up 0.38% and Shanghai and Seoul mainboards up too.

But the US Dollar sagged a little as Treasury yields remained stubbornly low, despite a broad rise in risk appetite. A speech from US Federal Reserve Chair Janet Yellen, in which she evinced cautious hope that the central bank would hit both inflation and employment targets, largely past pre-Thanksgiving markets by. The Euro steadied somewhat after falling Tuesday on Germany’s political impasse.

Crude oil prices firmed, reportedly on hopes for OPEC production-cut extensions next week. Gold prices inched up as the US Dollar crept the other way.

Still to come Wednesday the UK Finance Minister will present his eagerly awaited “Brexit Budget” to Parliament. US durable goods orders data are also due, as is the latest Eurozone consumer confidence. The University of Michigan’s own consumer confidence snapshot is coming up, along with US energy inventory information from the Department of Energy.

--- Written by David Cottle, DailyFX Research

Contact and follow David on Twitter: @DavidCottleFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.