Tag Archives: Asian Stocks

Asian indexes closed on green

Asia stocks indexThe Asian indexes closed on green, for the second consecutive session. They were supported by hopes that the growth of the Chinese economy in the world finally stabilized. The investors are increasingly optimistic about China in recent sessions amid better economic data such as the July report on manufacturing activity. The positive news sent the benchmark Shanghai Composite to 7-month high. The Hong Kong’s Hang Seng index rose again to 4-year high. The main risk events to come later this week, were also in the spotlight. Wednesday is expected next meeting of the US Federal Reserve, to which the institution is likely to continue the course of lowering your monthly purchases of assets to 25 billion USD. The focus will be data on the US economic growth in the second quarter and the government index of purchasing managers in China. The Chinese Shanghai Composite rose 0.24% to 2,183.19 points, recording its eighth consecutive session of growth. Meanwhile, the CNY hit a new four-month high against the USD. The insurers reported mixed performance amid signs that Chinese regulators are considering new measures to tighten rules in an attempt to reduce the risk of failures. The capitalisation of New China Life Insurance slid more than 2%, while China Life Insurance added nearly 1%.

Asian markets closed on green

Asian stocksSupported by the good performance on Wall Street yesterday, today Asian markets started trading with good positions. Tokyo shares were highly sought by the manufacturer of cameras and camcorders Canon, which rose by 7%, despite weak financial results, announced yesterday. The investors have already calculated the bad news due to earthquake and nuclear disaster, say brokers. That is why the message of the credit rating agency Standard & Poor’s, that will worsen its assessment of the risk profile of Japan, not to cause the Exchange. The shares of Sony registered a decline of 2%, after the Group recognized a successful hacker attack. Unknown persons have gained access to personal data such as name, address, email and date of birth, wrote today in the Sony company’s blogs worldwide. Subsequently, attention in Japan shifted from the financial results of companies to the two-day meeting of Fed Reuters. The remaining shares of major Japanese companies grew – Honda’s shares rose 1.5 percent, while those of Advantest – 1,7%. The index Nikkei, which covers 225 companies closed with an increase of 1.4% of 9691 points. The broader Topix index added 0.8 percent and reached 839 points. Stock exchanges in Singapore, Taiwan and Hong Kong also switched to green. Exchanges in Korea and Shanghai does almost not change its index.

Asian markets with good weekly increase

Asian StocksThe Asia stock index ended the week with solid increases, as market optimism prevailed for the fourth consecutive day. For this helped good news for decline in initial unemployment in the U.S. who supported shares of exporters in the region.
“The decline in applications for unemployment benefits in the U.S. increased confidence that the country is on track to higher employment, which will make sustainable recovery,” said Shane Oliver of AMP Capital. “This is great news for Asian exporters,” said the specialist.
Today the regional MSCI Asia Pacific Index advanced 1.2 percent, heading for its highest close since February 21. For the week the index rose 1.9 percent, erasing most of the experience of last week’s decline of 2.1 percent. The Tokyo Stock Exchange’s Nikkei 225 advanced 1 percent to 10 693.66 points, which brought him a weekly increase of 1.6 per cent. It also helped the retreat of the yen, sparking speculation about higher profits for exporters. The main index in Hong Kong – Han Seng, rose 1.2 percent today, ending the session at 23,409 points. Weekly the index rose by 1.7 per cent. In China’s CSI 300 rose 1.5 percent today, but in Taiwan and South Korea advanced indexes respectively with 0,5 and 1,9 per cent.