KOSPI, ASX 200, NZ 50 Gain, Singapore STI Is Flat



KOSPI gains again

South Korea’s KOSPI gained 0.18% on May 22 to end the day at 2,061.25. It was the index’s second consecutive gain. On May 21, the iShares MSCI South Korea Capped ETF (EWY) gained 1.29%, breaking a series of losses. The ETF is still below its 2018 close and has dropped 3.36% so far in 2019.

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ASX 200 extends gains

Australia’s S&P/ASX 200 gained for a third consecutive day this week, setting a new multiyear record. The index gained 0.16% on May 22 to end up at 6,510.70. It fell during early trading but recovered thereafter.

The iShares MSCI Australia ETF (EWA) gained 0.87% on May 21. The iShares MSCI ex-Japan ETF (EPP), which invests heavily in Australia, gained 0.70% on May 21.

New Zealand’s NZ 50 Index gained 0.21% to end the day at 4,479.29. On the economic front, Statistics New Zealand published its first-quarter retail sales data today. Its retail sales in March rose 0.7% by volume but only 0.2% by value as prices remained soft. Sales at department stores rose 4.4%. Sales of pharmaceuticals dropped 5.7%. Accommodation services were also down 4.7%.

Singapore flat

Singapore’s Straits Times Index ended flat today. The index gained during early trading but sustained a fall thereafter.

The iShares MSCI Singapore Capped ETF (EWS), which dropped 0.04% on May 21, was down 0.85% in premarket trading at 4:15 AM EDT.


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