Reginal stockmarkets are higher following a strong lead from Wall St, however traders say any further gains will be capped with some caution expressed on the back of dissappointing numbers from the big US technology companies. US stock futures are lower in screen trade, Dow futures off 32 points and Nasdaq futures – 0.5%.
The Nikkei is up 1.5%, the ASX200 +0.9% and the Kospi up 0.5%.
The Yen has helped exporters in Japan higher, Toyota up 2.4%, Sony up 2.2% and Canon up 2.5%.
In Seoul, Samsung Electronics is up 0.7% on the back of better than expected Q2 profits. The GDP grew by 2.3% in Q2 but had no effect on the stockmarket as it was close to expectations.
In Sydney, the miners BHP and RIO continue to climb, both up over 1%. The banks have also gained with CBA the best of the domestics, up 2.3%.
