CopyPastehas never been so tasty!

Stocks of Asia Back on Track, Abney Associates

by lleday25

  • 0
  • 0
  • 1


July 17, 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.



  • Sheen White
    	I find your article very pleasing but I believe the simple thing to help boost our economy would for people to stop over spending and to pay off the huge amounts of debt that we owe to the creditors. Stop trying to live the all American dream and live a life that your income allows you to be able to.

Add A Comment: