Sunday, February 24, 2013

Asian Bourses Continue Rebound

Bursa Asia Lanjutkan Rebound

Monexnews-Asia Exchanges shows performance with Japan that strengthened exchanges after Japan managed to avoid criticism over the weakening of the market exchange rate of the currency at G20 Summit last weekend. While strong earnings pushed the stock to a new high level Australia a year.

The G20 Summit held in Moscow resulted in agreement that the members of the refrain for the benefit of their currency policies. The exchange rate of the yen began to depreciate sharply late last year due to expectations that the new Government will implement monetary policy aggressively. The G-20 meeting did not give a share for Japan's efforts to stimulate its economy, clearly Shane Oliver, AMP Capital's Chief Analyst, Sydney. The elections will take place in Italy on 24 and 25 February will be a significant event that could affect the market, according to Mr. Oliver.

The dollar strengthened against the yen and is currently moving at Y Y 93.51 67.83 compared to Friday evening in New York. Latest Data from the International Monetary Market asserts enthusiasm declines the market to sell the yen. The weakening of the yen gave a share for shares with Japan's Nikkei gain of + 1.4%. The banking sector and real estate gains with Mitsubishi UFJ Financial Group + 4.9% and Mitsui Fudosan + 3.4%. Exporter stocks also moved up with Honda Motor + 2.5% and Toyota Motor Corp. gain 2.4%. S&P/ASX 200 climbed 0.5% Australia to 5059.20 after touching a new high level 4.5 years at 5070.5. The market was helped by stronger earnings reports. Bluescope Steel, Australia's largest steel producer by market value soared 16.2% after reporting the lowest loss in the first half of this year. Bendigo Adelaide Bank rose & 3.3% after the release of the earnings results exceeded estimates while Amcor rose 3.1% after the release of interim earnings reports. Earnings season continues in Australia, with a large number of companies will release earnings this week include BHP Billiton, Woodside Petroleum and QBE Insurance Group. Shares in mainland China is moving flats. In Hong Kong, the Hang Seng index was down 0.2%. South Korea's Kospi Composite was down 0.3%.

(din)



Car Insurance; Insurance



Car Insurance; Insurance; Health Insurance

Title Post: Asian Bourses Continue Rebound
Rating: 100% based on 99998 ratings. 5 user reviews.
Author: Mohammad Zulfi Satriawan

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