Posted on 27 July 2010. Tags: Asia, Asia Pacific, Asian Indexes, financial results, indexes, momentum, Pacific region, positive
The stock markets in Asia and the Pacific region remained positive momentum from the previous two sessions and rose for a third day, leaving the regional MSCI Asia Pacific Index to its highest level last month. Increases in the U.S. indexes and good financial results for the quarter a number of companies in the region supported the optimistic stock investors today. Among the most profitable for banks, they had relaxed rules governing the capital adequacy of banks, which were announced by the Basel Committee. He was instructed by the leaders of the G-20 to establish new rules to regulate the financial sector because of the severe consequences of the financial crisis. MSCI Asia Pacific, which covers the stock markets in ten Asian countries, Australia and New Zealand increased by 0.4 percent to 118.49 points. After winning the last three sessions, it is a 8.2% below its highest point this year, which said on April 15. Exchange in Australia S & P / ASX 200 rose 0.3 percent to 4 497.40 points after the index of leading indicators showed that the Australian economy will continue to grow in the second half of this year. He rose for the third consecutive month in May, increasing by 0.3 percent compared to April.
Read the full story
Posted in Asian Finances
Posted on 09 April 2010. Tags: Asian markets, BSE Sensex, Consumer, Consumer sector, impetus, Pacific region, sector, telecommunications sectors
The 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.
Read the full story
Posted in Asian Finances
Posted on 30 November 2009. Tags: China, Chinese, Japan, Japanese, Market, markets, MSCI, Nikkei 225, Pacific region, securities, South Korean
Today’s session brought indexes in Asia and the Pacific region, the strongest decrease their day for the past eight months, but ended the week with a painful decline in most markets in the region. Stood at the head Japanese, Chinese and South Korean securities market, which lost between 4% and 6% of its market capitalization over the past five trading sessions. Reason for mass sales became the news of the failure of the Dubai government investment holding company Dubai World to meet its obligations to creditors. The Fund has a debt for 59 billion dollars, equivalent to most of Dubai’s foreign debt to 80 billion dollars. Meanwhile, the Japanese yen rose to its highest rate against the dollar since 1995. Financial difficulties of the Dubai World stocks fell on banks and insurers in the region, led by HSBC Holdings, whose shares fell nearly 8 percent. This is due to investor concerns about exposure of large international banks to fund Dubai. Construction companies also suffered because of the activity of the Dubai World in the construction sector. The regional index MSCI Asia Pacific, which brings together companies from stock markets in ten Asian countries plus Australia and New Zealand, slid 3.2 percent to 113.78 points. This is the strongest decrease in the stock measure within one day of 30 March so far. Financial companies in its composition have contributed most to the sharp drop in MSCI Asia Pacific. The good news that unemployment in Japan fell for the third consecutive month in October, while consumer spending increased household failed to stop reductions in the indexes. Thus MSCI Asia Pacific to cut their lead to five-year bottom of 9 March to 61 percent. For the past five trading sessions the index fell by 2,7 percent.
Read the full story
Posted in Asian Finances