Recovery in the Asian segment of the market is becoming more and more obvious with more of the indices adding in price today as well as extending the gains from yesterday and the day before. Positive mood of the stocks is shifted to the whole world and markets everywhere are gaining points.
Yesterday’s growth is keeping its strength in Asian markets today, although there are several losses throughout the sector. Overall the situation in the markets can be described as a calm one, considering that we are in the process of bears dismissing the bulls.
Even though we see a clear recovery in the Asian segment of the market, shares around the globe are still set to close October as the worst month in 6 years. Gains are seen in Shanghai, China and Japan.
Asian segment of the market sees a recovery today, although it is easy to say that the gains today do not make up for the losses we saw yesterday. Although there are clear gains, it is still not enough in order to reach the level we saw before the selloff.
As October comes to an end we see that even these last days of the month are not going to go easy on both equities and stocks as we see another decline with consequences still to come. Red color painted virtually the entire market although performance of the greenback gives us hope for a recovery.