Stock Market today: Nikkei repeats the feat of Dow Jones Industrial

Nikkei rising against the overall positive

In brief: Dow Jones Industrial was the harbinger of the great growth stock markets around the world.

Nikkei becomes the leader for growth in Asia. Asian stock markets on Wednesday, June 16, rose to 4-week high against the background of commodity prices, the outcome of trading in the U.S., as well as the positive macroeconomic data, the U.S. and China. It should be recalled, that trading in the U.S. on Tuesday ended the growth of stock indices. Among investors’ growing belief that Europe will be able to cope with problems in its economy.

As a result of trading the index of “blue chips” Dow Jones Industrial Average rose 213.88 points or 2.1%, to 10405 points. The index of wide market S & P 500 closed down growth at 25.60 points or 2.35%, at around 1115 points. “High-tech” Nasdaq Composite closed higher at 61.92 points or 2.86%, at around 2306 points. Currently, shares of Toyota Motor Corp., Auto giant, 28% of sales which in North America, added 1.4% in Tokyo. Paper BHP Billiton Ltd., Kurpneyshey in the world mining company, rose 1.7% in Sydney amid rising prices for raw materials. The capitalization of Samsung Electronics Co., The largest in Asia, manufacturer of computer chips, rose 1.9% in Seoul. At the same time, shares of Nintendo Co. jumped 4.6% in Osaka after a three-dimensional presentation of the new portable game console 3DS.

Index Asia Pacific MSCI rose by 1% to 115.59 points at 10:34 in Tokyo. Australian & P / ASX 200 gained 1.1%. Straits Times index in Singapore rose by 0,9%. NZX 50 on the New Zealand Stock Exchange gained 1.2%.

The more rapid business index for Australia from Westpac and the Melbourne Institute in April rose by 7.6% in annual terms. Recall that in March the figure rose by 0,9% compared with February. Number of bookmarks of new homes in Australia in I quarter has grown on 4,3% in comparison with IV quarter of last year. At the same time, analysts predicted growth rate at 7,1%.

The Tokyo Stock Exchange following a morning session of the Nikkei index rose 153.03 points (1.55%) and amounts to 10 040.92 points, Topix index gained 10.98 points. The yen is currently trading at 91.55 – 91.60 for one U.S. dollar (0.36). At the moment the main index KOSPI Korean Stock Exchange rose by 0,54% (9,1 points), now he is 1 699.13 points.

On the mood of the players affected and macroeconomic data. Thus, the index of business activity in the service sector in Japan in April rose by 2,1% compared to the previous month. At the same time, analysts predicted growth rate at 2.5%. Recall that in March the index of business activity in the services sector fell by 3% per month terms. Trading platforms mainland China and Hong Kong on Wednesday, June 16, closed on weekends. Leading indicator of the Chinese economy, calculated by the Conference Board, rose sharply in April, against the background of the construction boom in China. The index rose the most significant value over the past 14 months, becoming yet another sign that the third-largest economy in the world is gaining momentum. The April increase was 1,7%. The indicator has reached the level of 147.1 points. In March, growth was only 1,2%.

Ukrainian Globalist
2010-06-16 03:28, Economics.

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