FXstreet.com (Barcelona) - Asian markets are mixed on Tuesday as investors remain cautious ahead of key G 20 and Fed meetings later this week; in Forex markets, the Euro and the Yen have bounced and returned to higher levels.
With markets in Japan, Malaysia and Indonesia closed for public holidays, South Korean Kospi Index rose 1.1%, while Australian S&P Index edged down 0.1% and Hong Kong Hang Seng Index went 0.3% up. In china, the Shangai Composite Index edged down 0.2%, with the market reluctant to break the 3,000 level.
Samsung Electronics' shares went 2.9% up in South Korean market after Citigroup raised its price estimate, and chip prices increased to their highest level in a year. Furthermore, LG Chem LTD and Samsung SDI rose above 5% as Morgan Stanley upgraded them to overweight.
Euro and Yen Bounce up
EUR/USD retreat from 1.4767 high in September 17 found support at 1.4610 on Monday's early U.S. session, and the Euro raised back , reaching levels above 1.4700 during Asian session. At the moment of writing, the Euro trades at1.4715.
USD/JPY rallied on Monday from levels around 91.30 to peak at 92.55 on early U.S. session, and the pair weakened afterwards giving away most of the ground taken previously, to drop to levels around 91.70 at the time of writing.
GBP/USD decline from 1.6745 extended on Monday to a fresh 2-weeks low at 1.6130 and the Pound has picked up during U.S. and Asian trading tomes, to reach a session high at 1.6255. At the moment of writing, the Pound trades at 1.6230.