The composite index of Asia-Pacific region soared on Tuesday to the maximum of 13 months on a weakening of the yen
By admin at 13 October, 2009, 4:18 pm
share platforms of Asia demonstrate increased on Tuesday after weakening of the yen. Brokers recommend the region to investors to invest in shares of banks and steel producers, reports Bloomberg.
Composite stock index Asia-Pacific region MSCI Asia Pacific rose by 0,7% - to 119.34 points, the maximum value of 8 September 2008. Since March the minimum rate added 69%, since Japan emerged from recession, but economic growth in China and Indonesia has accelerated. Share prices in the index expensive book value of securities in the 1.57 times compared with 1.03 in March.
Japanese Nikkei 225 has grown with the opening of trading on 0,4%, Hong Kong's Hang Seng - by 1,8%. Taiwan shares cheaper on fears that the island's authorities could levy a tax on transactions with them.
Markets continue to grow at a pace that always need to look for a place to move, while this segment has not changed, - considers Tim Schroeder of Pengana Capital Ltd.
Cost yen against the euro on Tuesday declined almost to a minimum for the last 2 weeks - 132.70 yen per euro, which leads to increased revenues and profits of Japanese companies exporting for the repatriation of funds.
Stock quotes
the world's leading automaker Toyota Motor Corp., which receives 74% of sales outside Japan, rose by 3,1%. Course securities Nissan Motor Co. increased by 2,2%.
Chinese carmakers SAIC Motor Corp. and Chongqing Changan Automobile Co. expect that the results for the third quarter will be better than the previous forecast. Paper SAIC went up by 1,3%, Changan Automobile - the Chinese partner of Ford U.S. and Japanese Mazda - 2,1%.
price of securities of the second-largest steel producer in Japan's JFE Holdigns Inc. jumped 6.1%, as Goldman Sachs included it in the list of companies whose shares are recommended to buy with confidence (conviction buy).
market value of Commonwealth Bank of Australia increased by 2,3%, after the Bank of America-Merrill Lynch upgraded the rating of its securities to buy.
Equity's third-largest mining group Rio Tinto Group of the world have added to the price of 1,4%, since the index of 6 non-ferrous metals rose in London trading on Monday at 1,1%.
The stock price of Australian oil company Woodside Petroleum rose 1% after that, as the cost of oil on Monday topped $ 73 a barrel.
Not in the gas
the eve of great changes in the Naftogaz of Ukraine the Government of packs the company ...
Most U.S. indices rose on Monday, SP 500 peaked for the year
The cost of the dollar and yen decreases on Tuesday because of the return of optimism to investors
The strength of raw materials and the weakness of the dollar provided a basis for continuing recovery Russian stock indexes
The big players have begun to record profits on long positions after the growth of the previous week
Further development of the correction Russia venue yet rescues strong market for raw materials
During 9 months of 2009 MOESK sent 1.3 billion rubles for repair of power in Moscow
The weakening yen boosted the popularity of Japanese exporters
The Fund considers our chickens
No comments yet.