Abney Associates Asia Stocks Back on ...

Abney Associates Asia Stocks Back on Track

Posted in the Business News Forum

Since: Jul 13


#1 Jul 22, 2013
Source Link: http://www.1888pressrelease.com/abney-associa...
Abney Associates
(1888PressRelease) July 18, 2013 - Stock prices in Asia gained their biggest advance since September 2012 amid signs the Japanese and U.S. economies are improving following this week's statement that reassured investors that the stimulus efforts by the Federal Reserve will remain in place for some time.

Japanese exporters led gains as weaker yen boost the value of overseas income at carmakers and electronics manufacturers when repatriated. Toyota the world's biggest carmaker gained 1.5 percent. Honda Motor Co rose 2.2 percent. Panasonic Corp, Japan's second-biggest television maker, jumped 6.7 percent. Japanese lenders gained momentum after the nation's industrial output beat expectations, Mitsubishi UFJ Financial Group Inc, Japan's No. 1 lender led the way with 4.1 percent gains, Sumitomo Mitsui Financial Group Inc the number 2 lender followed with 2.9 percent gains.

The MSCI Asia Pacific Index climbed 1.9 percent, Japan's Topix index rose 3.2 percent and the benchmark Nikkei 225 Stock Average jumped 3.5 percent extending gains for a second week, South Korea's Kospi index gained 1.6 percent and Taiwan's Taiex index added 2.3 percent. Singapore's Straits Times Index increased 1.1 percent. Hong Kong's Hang Seng Index advanced 1.2 percent. China's Shanghai Composite Index rose 0.7 percent, New Zealand's NZX 50 Index rose 0.5 percent, while Australia's S&P/ASX 200 Index lost 0.2 percent.

"The Japan's prime minister Shinzo Abe is determined in his path to strengthen the economy with factory output rising the most since December 2011, we anticipate a low interest rate policy for the foreseeable future in the U.S. until unemployment figures drop reinstalling confidence in the Asian markets," said Michael Pringle the Head of Investment Analysis from Abney Associates.- abney associates
Patsy Kendra

Northampton, UK

#2 Jul 23, 2013
First-class news it is really.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Business News Discussions

Title Updated Last By Comments
Gypsum Powder Processing Line, Gypsum Powder Pr... 3 hr xyjxline 1
Gypsum Board Plant, Gypsum Board Equipment 3 hr xyjxline 1
Gypsum Board Machine, Gypsum Powder Production ... 5 hr xyjxline 1
Calcium Silicate Board Production Line, Fiber C... 5 hr xyjxline 1
Gypsum Board Production Line, Gypsum Powder Mac... 5 hr xyjxline 1
DatingBlackWomen-org for black and white singl... Tue yoyo 9
Incident in 2016 at the 30th Street Station in ... Jul 22 Patricia_McGurk 1
More from around the web