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.
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.
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.
Bank of America Corporation (NYSE: BAC) will begin trading in the green zone today – the analysts say. Bank of America Corporation (NYSE: BAC) shares rose to +0.13 points (1.01%) in the late Pre-market trading, reaching 13.00 points.
The Dow Jones Industrial Average continues to trade in negative zone. The Dow Jones index fell to 10,228.30 points, losing -1.80%. BP plc (LON: BP) shares dropped in price down to 386.70 points, falling by 10.90 (-2.74%).
The Dow Jones Industrial Average was 10,229.00 points, collapsing to -185.65 (-1.78%). The Dow Chemical Company (NYSE: DOW) shares fell to 24.82, giving Bears -0.90 (-3.50%).
Huaneng Power International, Inc. (NYSE: HNP) rose 24.19 points to the mark, gaining +0.04 (0.17%) yesterday. Huaneng Power International has been a boon to the Bulls.
News Corporation (NASDAQ: NWSA) shares fell to 14.10 points, losing -0.25 (-1.74%) on Friday. News Corporation American media tycoon Rupert Murdoch on Monday announced the upcoming sale of controlling stakes in three Chinese TV channels, a private investment company, which stands for Shanghai Media Group (SMG), the second largest media corporations in China.
Hang Seng Index and Nikkei 225 will continue the positive momentum now. Asian stock markets, as it should be the first to open the trading week today. After growth of the U.S. stock market Hang Seng and the Nikkei 225 could reach a critical height, if the corporate statistics will not fail.