Tuesday, June 8, 2010

Asia Market Report: Nikkei up slightly after Monday's slide

Date: Tuesday 08 Jun 2010

The Nikkei clawed its way out of the red but jitters about the global recovery kept a lid on investor appetite.

Shares in
Mitsubishi UFJ Financial fell 2.57%, Sumitomo Mitsui Financial lost 0.8% to 2,609 yen while Mizuho Financial was down 1.24% in Tokyo.

Advantest came under pressure ahead of results from US peers.

Exporters felt some relief as the yen weakened against the euro.
Canon added 0.41% while Nissan motored 1.3% higher.

Sentiment picked up after Federal Reserve Chairman Ben Bernanke said he did not expect the US economy to fall back into recession.

The Nikkei 225 index closed up 17 points at 9,538 in Tokyo. The index closed down 4% on Monday, its biggest one day decline in over a year.

The Hang Seng made headway, spurred by upbeat manufacturing data from Germany and encouraging comments from Ben Bernanke.
HSBC added 0.9% whileStandard Chartered gained 0.7% in Hong Kong.

A rise in gold prices underpinned demand for
Gold Mining. Its shares rallied 3.7% as the precious metal surged close to an all time high as investors sought its safe haven status.

The Hang Seng index settled up 109 points at 19,487 in Hong Kong.


  • DividendInvestor.com
    Dividend Stock Data & Analysis from America's Dividend Source®

  • Warren Buffett System
    Download the step-by-step guide to investing just like Warren Buffett.

  • Cheap Big Indian Flights
    Compare Flight Deals to Big Indian. Search Top Travel Sites & Book Now.

  • Stock Clothing Fabrics
    Jersey Cotton Viscose Lycra Wool wholesale of fabrics. Enter Now »»»

  • No comments: