Hang Seng and Nikkei 225 are rising against the background of recent data

Asian stock markets bet on the Hang Seng and Nikkei 225

In brief: Asian stock markets opened in different directions, but the level of bullish support for Hang Seng and Nikkei 225 is still high.

Hang Seng and Nikkei 225 returned to the Asian market in the green zone. The level of support for the major Asian stock indicators, Hang Seng and the Nikkei 225 rising from the very beginning of trading. Asian stock markets demonstrate its multi-pronged motion quotes on a background in commodity prices, exchange rates, as well as fears for the future economic recovery.

It should be recalled, that trading in the U.S. on Friday finished lower indices. Players for a long time analyzing conflicting economic data, which led to volatility in the auction. Last week the indices suffered heavy losses. As a result of trading the index of “blue chips” Dow Jones Industrial Average fell 46.05 points or 0.47%, to 9,686 points. The index of wide market S & P 500 closed lower by 4.79 points or 0.47%, at around 1023 points. “High-tech” Nasdaq Composite closed at lowering 9,57 points or 0.46% at around 2092 points. Last week the index Dow Jones Industrial Average fell by 4,5%, the index of wide market S & P 500 fell by 5%, and high-tech Nasdaq Composite has fallen off to 5.9%. Currently, shares of Centennial Coal Co. increased by 34% in Sydney after Banpu Pcl agreed to buy 80% Centennial. Paper CSR Ltd. added 3,2%. Capitalization Canon Inc., The world’s largest manufacturer of digital cameras increased by 1,1% in Tokyo on the weakening yen. Index of Asia-Pacific MSCI grew by 0,3% and amounted to 112.01 points at 11:19 in Tokyo. Australian & P / ASX 200 fell by 0,15%. Straits Times Index in Singapore grew at 0.08%. NZX 50 on the New Zealand Stock Exchange gained 0.33%. The Tokyo Stock Exchange following a morning session of the Nikkei index rose 34.3 points (0.37%) and at 9 238.01 points, Topix index gained 5.16 points. The yen is currently trading at 87.96 – 87.98 for one U.S. dollar (0.04). Currently, South Korea’s main index KOSPI stock market grew by 0.24% (3.96 points), now it is 1 675.78 points. Economic data from the U.S. proved to be controversial, but the expected market report on employment was a lot of negatives. The number of jobs outside agriculture in the USA in June fell by 125 thousand, while analysts thought that the decrease in amount of 110 thousand unemployment rate fell to 9.5% – investors consider it a positive factor.

The price of oil fell on Friday on the day and week under pressure from published economic data. The August futures for delivery of petroleum of mark WTI have fallen by 1,1% to $ 72.14 per barrel. Last week, oil fell by 8,5%. In mainland China, the composite index of the largest in Asia, the Shanghai Stock Exchange fell 0.66%, the composite index Shenchzhenskoy Stock Exchange fell by 0.95%. Hang Seng index in Hong Kong Stock Exchange in 1919 reached the mark of 905.92 points, gaining 0.6 points.

Ukrainian Globalist
2010-07-05 07:10, Economics.

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