Risk evasion continued Tuesday allowing the U.S. dollar and Japanese Yen to maintain their positions against the background of lack of economic reports planned earlier. First of all, it was caused by the expansion of spreads of Irish and Italian bonds giving rise to anxiety towards some EU member states. Even Obama’s promise to cut business activity tax by $ 200 bln. couldn’t abate investors’ fears of taking risks.
By the end of the trading session, the MSCI Asia Pacific index grew by 1.47% to 756.82 points. Japan’s Nikkei 225 saw growth by 2.05% to 9301.32 points. China’s Shanghai Composite increased by 1.54%, while Taiwan’s Taiex went up by 0.78%. South Corea’s Kospi gained 0.70%. India’s Sensex grew by 1.86%.
Thursday, October 2, the principal Asian markets, with the exception of Indonesian and Thai markets, closed in green. According to yesterday’s data, the ISM index grew in July from 55.5 to 56.3 points, surpassing analysts’ forecast of a decrease towards 53 points.
The Chinese automaker Geely has recorded a net profit in the first half-year of 804.85 million yuan ($ 118.4 million) compared with 595.91 million yuan in the previous year. At the same time, analysts had expected a profit of 756.4 million yuan.
The Dow Jones Industrial Average is having hard times. The American stock market hasn’t witnessed a bullish trend for a long time. Clouds are gradually gathering over the stock markets. Today’s trading is expected to be volatile once again.
China’s largest retailer of women’s shoes Belle International Holdings has published data on the growth of profit in the first half by 37%. It is reported that net profit rose to 1.56 billion yuan ($ 229 million) or 0.18 yuan per share, compared with 1.14 billion yuan or 0.13 yuan per share for the same period a year earlier.
The third-largest operator of container terminals Cosco Pacific has published profit’s data. The Cosco profit had risen by 82% in the first half due to the recovery of world trade and sale of shares in the logistics enterprise.
Cisco Systems, Inc. (NASDAQ: CSCO) continues to decline towards 21.99 points, losing -1.10%. At the same time, Thomas Properties Group, Inc. shares rise to 3.20 points, gaining +0.04 (1.27%) in early trading.
Google Inc. (NASDAQ: GOOG) and Baidu.com, Inc. (NASDAQ: BIDU) shares are rising. Google Inc. is close to 463 points, gaining +0.09 %. Baidu.com, Inc. shares fell to 80.53 points, a decrease of -1.64 (-2.00%).
BHP Billiton plc (LON: BLT) shares fall to 1,801.50 points, losing -8.50 (-0.47%). Potash Corp. board is lloking for potential buyers able to make a better offer than the world’s largest mining company BHP Billiton.
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