Asian stocks pointed higher Monday morning after U.S. shares had their best week this year and investors shook off concerns about terror attacks in Paris and Mali. Both oil and gold slipped.
New Zealand and Australia, the first two major markets to open, were up 0.7 percent and 0.1 percent.
While Japan, the biggest market in the region, is closed for a holiday, Hong Kong futures are up about 0.3 percent, and Hong Kong, China and Korea futures are also higher.
The S&P 500 climbed 3.3 percent last week, led by retailers and technology companies, after the Thursday release of the most recent Federal Reserve policy meeting minutes reduced uncertainty about whether the central bank would raise interest rates next month. Investors felt the minutes confirmed the growing view that the Fed will raise rates. That sentiment was also confirmed by San Francisco Fed President John Williams at a Saturday conference.
Crude oil extended its decline below $42 a barrel and gold slipped for a second day, Bloomberg reported.
JD.Com Inc (ADR) (NASDAQ:JD) through its subsidiaries, operates as an online direct sales company in the People’s Republic of China. It primarily offers electronics and home appliances products; and general merchandise products, including audio and video products, and books. The Company shares are trading 39.16% above their 52 week low price after the last close and -21.08% below the 52 week high. Its latest closing price was down -0.63% from the average-price of 200 days while it kept its distance from the SMA50 at 10.40% and 5.95% compared with the SMA 20.
Shares of Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) were 31.81% up 52 week lows as of the latest close and -8.59% below the 52 week high. Its latest closing price was up 2.22% from the average-price of 200 days while it maintained a distance from the SMA 50 at 5.46% and 1.66% compared with the SMA 20. Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices.
Flextronics International Ltd. (NASDAQ:FLEX) is a Singapore-based provider of global supply chain solutions. The Company designs, builds, ships and serves packaged electronic products for its original equipment manufacturers (OEMs) in various groups. The stock’s latest price traded at 17.70% up 52 week lows after the closing bell and was -12.60% behind its 52 week high. Its latest closing price was -2.76% below the SMA200 while the distance from the SMA 50 and SMA 20 was 1.20% and -1.32% respectively.
Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) is trading 174.10% higher than the 52 week low price and -2.66% behind the 52 week high. The stock’s latest closing price was 63.46% down from the average-price of 200 days while it kept its distance from the SMA50 at 41.63% and 17.40% compared with the SMA 20. Ctrip.com International, Ltd., together with its subsidiaries, provides travel services for hotel accommodations, transportation ticketing services, packaged tours, and corporate travel management in the People’s Republic of China.
Jumei International Holding Ltd (ADR) (NYSE:JMEI) operates as an online retailer of beauty products in the People’s Republic of China. The Company so far this year has moved down -34.95% and its monthly performance stands at -10.87% .The stock was up 17.98% from its 52 week low and was -68.55% below the 52 week high. Its latest closing price was down -44.88% from the average-price of 200 days while it kept its distance from the SMA50 at -10.64% and -7.55% compared with the SMA 20.