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Archive | April 9th, 2010

Consumer sector brought growth on Asian markets

telecommunication sectorThe companies in the consumer and telecommunications sectors made a positive impetus to the indexes in the Asian and Pacific region and have helped them to delete part of a strong loss yesterday. This gave rise to good sales figures of some large chains of retail in the U.S. in March, which showed that consumption is reduced and will support the economy. Moreover, major Japanese retailers Seven & I and Fast Retailing today predicted better financial results for the current financial year, which raised prices of their shares over 3 percent of the exchange in Tokyo. The regional index MSCI Asia Pacific, which includes stock companies from ten Asian countries plus Australia and New Zealand, added 0.2 percent to 127.79 points and increased his lead from the beginning of the week up 1%. Since the beginning of this year MSCI Asia Pacific rose by 6.1 per cent. Best known today are stock exchanges in China, Hong Kong and India. Wide Chinese Shanghai Composite Index rose 0.9 percent to 3 146 points, supported by media and telecommunications companies. Exchange of Hong Kong’s Hang Seng rose 1.6% to 22 208.50 points, which is near its highest level in three months. Although today’s Shanghai Composite finished elevations week with a decline of 0.4 percent, but while Hang Seng records strong growth of 3.1 percent on a weekly basis. Today it became clear that sales of cars in China grew by 63% yoy in March, supported by government measures to boost consumption.
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