Asia: and again statistics provided most of the rise of the indices
Aug 10th, 2009 | By admin | Category: Reviews and ideasÂÂ
On Monday, August 10, most of the major stock markets in the Asian region has shown positive dynamics. Optimistic investors added inspiring statistics to increase industrial orders in Japan for the first time in the last 4 months, and reduce unemployment in the United States. Thus, industrial orders in Japan rose in June at 9.7% versus 2.6% expected by analysts, while unemployment in the United States declined to 9.4%.
As a result of trades MSCI Asia Pacific Index advanced 1.1% and to shut down at the mark of 111.94 points. Japanese Nikkei 225 index rose by 1.08%. It should be noted that Nomura Holdings analysts expect that the value of the Japanese figure could grow by the end of October this year by 10% to 11 500 points. The Hong Kong Hang Seng was closed in the black at 2.72%, while Australia SP /ASX 200 has added to its asset 0.11%.
Against the background of the news on unemployment in the United States shares the automotive company Honda Motor, gets about 45% of revenues from activities in North America went up by 3.6%. Papers Japanese manufacturer of home appliances Sony and the second largest worldwide producer of construction equipment Komatsu stronger at 3.2% and 2.9% respectively.
The world's largest tire manufacturer Bridgestone is working on the bid in Tokyo, 5.6% of market capitalization, once said that annual profits could reach 6 billion yen ($ 62 million). Previously, the company expects to achieve break-even point.
Quotations Mitsubishi Rayon, the world's largest producer of methyl methacrylate - a raw material for various polymers, soared 20% against the backdrop of a message that Japan's largest chemical company Mitsubishi Chemical Holdings negotiates its absorption. Shares Mitsubishi Chemical, in turn, added to its asset 4,7%.
The third-largest in the world of mining company Rio Tinto Group retreated to 3.3%. Investors fear that the profit of the company is under threat because of relationship with the Government of China. At one sponsored by the Chinese government website reported that the supply of iron ore for Rio Tinto has demanded from the state at 700 billion yen ($ 102 billion) more than the actual cost of raw materials.
After the Government of China stated that it would adhere to the current macroeconomic policy, the paper of many national companies have stepped up. Thus, quotes of the world's largest mobile operator China Mobile rose by 3.3%, while shares of Chinese aluminum producer Aluminum Corp of China closed in the black at 5.6%.
The value of securities Hang Seng Bank jumped to 2.3% against the backdrop of statements CEAUX that the Bank intends to increase its 12.8% share in the Industrial Bank. Shares Industrial Bank, in turn, potolsteli at 1.9%.
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