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KSi Daily Report: Monday, 29 August 2016

Both Kina Securities Stock indices remained unchanged, upon returning from the long weekend for Monday’s POMSOX trading session as there was no trades registered for the day. The Kina Securities Main index or KSi was maintained at 4,800.09 points while the Kina Securities Home Index KSHi was steady at 10,202.35 points.

In U.S markets, the Dow Jones Industrial Average finished lower after comments regarding rate increase gathering steam. The DJIA was down 9.00 points or 0.05% to 18,371.00 points. Japanese stocks surged to 1-1/2 week highs as the yen weakened after U.S Fed Chair Yellen signaled an interest rate hike this year, lifting insurers and exports. The Nikkei share average surged 376.78 points or 2.3% to 16,737.49 points. The Australian stock market was lower following mixed lead from Wall Street after advocated interest rate hike. The benchmark index S&P/ASX 200 lost 40.20 points or 0.73% to 5,475.30 points.

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