Tag Archives: Asian trade

Asia will grow with 7.1% in 2014 according to the World Bank forecast

Asia industryThe World Bank (WB) estimates that this year recovering demand from industrialized countries will stimulate economic growth in the export-dependent countries in Asia. According to the international financial institution developing Asian economies will grow by an average 7.1% this year. In practice, the bank forecast remains that in 2013 China will increase its gross domestic product (GDP) of 7.6% instead of 7.7%, as expected by the World Bank in 2013. According to the latest research by Finweek Journal, the report by international lenders indicates that the process of reducing the size of asset purchases by the US Federal Reserve, which began this year, which should after a certain time to raise the yield on US Treasuries, it has caused great losses Asian markets.
“The strong global economy growth this year will help the enlargement of the region at a relatively steady pace until he adjusts to tighter global financial conditions”, said Vice President of the World Bank for the East Asia Axel van Trotsenburg.

Mixed start of the week in Asian markets

Asian IndexesThe major Asian indexes turned his back again, although the regional index registered an increase again after the data on the labor market in the U.S. on Friday exceeded expectations, boosting the outlook for profits to Asian exporters. The Regional MSCI Asia Pacific Index rose 0.5 percent to 124.93 points, although the session was to increase and reached 1%, extending a series of positive last week.
In Japan the Nikkei 225 advanced 1.1% to 8 929.20 points, shares of Nikon Corp. jumped 11 percent to 2,604 yen after the maker of cameras and lenses raise its forecast for operating profit for the financial year ending on 31 March by 7.5% while those of Panasonic Corp. have added 6.3 percent to its value to 637 yen after the company announced that in the new financial year can be returned to profit from record losses for this. The shares of the largest automaker in the world by market capitalization Toyota Motor Corp. rose 3% to 2986 yen, but those of the semiconductor manufacturer Tokyo Electron Ltd. sank by 8.2 percent to 4,040 yen after it became clear that the net profit for the first nine months of the financial year are plummeted by 47% yoy.
The Chinese Shanghai SE Composite Index gained 0.03% minimum to 2 331.14 points, after it was announced that the International Monetary Fund has decreased its forecast for growth of the country this year to 8.25 percent on expectations for growth of 9% in September, but in Taiwan Taiex fell 0.7% to 7 687.98 points.