Wednesday, 29 July 2015

Today Asian Market Update 29 JULY 2015

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Chinese stocks rebounded on Wednesday, leading a broader recovery in Asian markets that was encouraged by a positive finish on Wall Street overnight and stabilization in commodity prices.

US stocks broke a five-day losing streak on Tuesday; the S&P 500 led gains with a 1.2 percent bounce, while the blue-chip Dow and the Nasdaq Composite closed up 1.1 and 1 percent, respectively.

Spot gold edged up slightly at USD 1,095.5 in early Asian trade, but remained near Friday's five-and-a-half-year low of USD 1,077.

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